COMPANIES

American Airlines' bankrupt parent AMR Corporation (PINK:AAMRQ), which is arguing in federal court it needs hundreds of millions of dollars in contract concessions from its employees in order to survive as a going concern, is planning to spend hundreds of thousands of dollars to entice a small group of hedge funds to invest in the company.

Dustin Moskovitz, the Facebook (Nasdaq: FB) co-founder, sold 450,000 more shares this week to raise about $8.9 million, a week after he sold his first tranche of 450,000 shares when the lock-up period for insiders expired.

Following the Congressional Budget Office's (CBO) predictions of the imminent "fiscal cliff" that will send the U.S. economy into a recession after January 1, 2013, analysts are struggling to identity the true extent of the oncoming threat. While the CBO estimates that unemployment will increase to about 9 percent in the fallout from proposed "fiscal tightening" measures, Capital Economics suggested in a U.S. Employment Report published today that the effect on hiring may be more ...

Americans have no idea what cloud computing is, with many believing it relates to the weather, or even pillows, drugs and toilet paper, a new survey commissioned by enterprise software developer Citrix Systems Inc. (Nasdaq: CTXS) found.

Patent expert Alexander Poltorak, CEO and chairman of General Patent Corporation, advocates multi-tier patent system, specialized patent courts and arbitration forums as the key facilitators for the speedy resolution of increasing number of patent disputes and dubs patents as the new currency in Knowledge-Based Economy.

Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?

Japanese toilet company Toto Ltd. (Tokyo: 5332) debuted a poop-powered motorcycle, the Toilet Bike Neo, this week and toured it around the country.

Two weeks from the alleged unveiling of the iPhone 5, many Apple fans are concerned about the compatibility of the device with current accessories given the multitude of reports saying it will feature a brand-new, smaller dock connector.

Samsung Electronics (Seoul: 005930) may have lost a $1.05 billion judgment to Apple (Nasdaq: AAPL), the world's most valuable technology company, but it’s won a temporary reprieve from the judge on product bans and other retaliatory measures.

Three weeks after Zynga launched its latest sim-style game "ChefVille" on Facebook -- the social media platform that Zynga itself blamed for most of its current financial woes -- the game developer is slowly crawling its way back to the top of the social gaming food chain, new data shows.

Shares of Yelp Inc. (Nasdaq: YELP), the provider of online reviews of local businesses and restaurants, surged more than 25 percent Wednesday as the lock-up period for insiders expired, allowing them to sell stock in the San Francisco-based company for the first time since its march 1 initial public offering.

A decision by Chile's top court to temporarily block a massive, coal-fired power generation venture pleased environmentalists but the project's backers, who saw their share price fall, insisted the delay was unnecessary.

General Motors Company (NYSE: GM) holding the European debuts of three vehicles at the Moscow International Motor Show on Wednesday, and a key member of the company's Russian management confirmed a $1 billion investment.

A new report on Tuesday said Apple is planning to upgrade its wireless music streaming technology known as AirPlay in the coming month. Word is the announcement will come when the company debuts the new iPhone. The new technology, using the working title "AirPlay Direct," is said to eliminate the need for a Wi-Fi network, which means that iOS devices like iPhones, iPads, and iPod Touchs may be able to beam music directly to a speaker system.

Mike Verdu, chief creative officer of Zynga Inc. (Nasdaq: ZNGA) quit the San Francisco-based electronic gaming website , becoming the fifth top official to depart in August.

Legendary private equity investor Kohlberg Kravis Roberts (NYSE: KKR) may seek to acquire control of Japan’s Renesas Electronics (Tokyo: 6723) for a 100 million yen (US $1.27 billion) investment, which would be its largest in Japan, financial news agencies reported.

As the deepening sovereign debt crisis in Europe dampens air travel demands in the region, the world's two largest airplane makers, Boeing Co. (NYSE: BA) and Airbus S.A.S. (EPA: EAD), are now bringing their fierce competition to the Asia-Pacific skies.

Investing and personal wealth management were made more accessible by Bank of America Merrill Lynch with its so-called online trading platform Merrill Edge.

Victoria's Secret Stores Inc. and their parent company, Limited Brands Inc., are being sued by Zephyrs for $15 million since they have allegedly been "knockoffs" to their own customers, according to WWD.

Samsung vowed Tuesday to fight Apple's request to ban U.S. sales of some of its smartphones from U.S. stores following its landmark lawsuit verdict last week.

The receiver who was handed control of Paul Burks' company Rex Venture Group and ZeekRewards following its forced closure by the SEC told reporters that trying to following the money collected through hundreds of thousands of Zeek affliates has been like "drinking from a firehose."

Walt Disney's ESPN unit and Major League Baseball announce an eight-year, $5.6 billion deal.

IDC revised its forecast for this year’s PC sales gains to only 0.9 percent, after the top U.S. giants, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), reported lower PC sales for their latest financial quarters. By contrast, tablet sales, headed by the iPad from Apple (Nasdaq:M AAPL) should surge 54 percent.

Victoria's Secret has been selling knockoff hosiery, according to a lawsuit filed Tuesday by Zephyrs against parent company Limited Brands Inc. (NYSE: LTD)

ZeekRewards, Rex Venture Group and its founder, accused in an alleged Ponzi scheme, now face a federal lawsuit brought by former "affiliates."

Given the multitude of rumors from the past year and the numerous patents in relation to the technology, it looks like Apple has invested considerably in NFC, and looks to implement the communication chip in a future iPhone. Quite possibly, we may see NFC in the next-generation iPhone, allegedly set to debut next month on Sept. 12, unofficially but most commonly called iPhone 5.

Ford's Lincoln brand hasn't done well in the U.S. but the nation's No. 2 automaker aims for better luck in China where archrival GM gets a big share of the luxury car market with its Cadillac line.

A new iPad game from the creators of "Infinity Blade" lets players duke it out as Mitt Romney and Barack Obama just in time for the debates.

According to Eurogamer, OnLive founder and CEO Steve Perlman has stepped down as head of the company, making way for new ownership in the form of Lauder Partners, an investment group specializing in technology.