BUSINESS

Rumors regarding the possibility of a Lamborghini SUV (sports utility vehicle) called the Deimos have been circulating for a while now. All signs suggest that the luxury car company is set to debut its first SUV, but according to China Car Times, the all-terrain powerhouse will be called the Urus, instead, and it will likely make an appearance at the Beijing Auto Show at the end of April.

Law firm Greenberg Traurig LLP on Friday said it has had preliminary discussions about hiring lawyers from Dewey & LeBoeuf LLP, which is struggling amid high debt and a raft of partner defections.

Google Inc's former chief executive Eric Schmidt received a bump in his annual salary to $1.25 million from the $1 he received in the previous year, after he became the executive chairman of the company in April 2011.

Chesapeake Energy Corp , in response to a Reuters report earlier this week, will disclose to shareholders the existence of loans its CEO Aubrey McClendon took out against his interest in thousands of wells granted to him as a corporate perk, according to a regulatory filing on Friday.

JPMorgan Chase & Co is close to selling its U.S. metal concentrates trading arm and could announce a deal as early as Monday, two sources who were informed of the deal told Reuters this week.

JPMorgan Chase & Co on Friday won the dismissal of a pension fund lawsuit accusing it of mishandling its money by investing in notes from its client Lehman Brothers Holdings Inc, which later went bankrupt.

Stocks mostly rose on Friday, led by solid earnings from McDonald's, General Electric and Microsoft, but declines in banks and technology shares pulled indexes from their day's highs.

Ex-Societe Generale trader Jerome Kerviel, who is appealing a three-year prison sentence for his role in France's biggest-ever rogue trading scandal, is suing his former employer for allegedly obtaining a verdict under false pretences, his lawyer said on Friday.

Stocks mostly rose on Friday, led by solid earnings from McDonald's, General Electric and Microsoft, but declines in banks and technology shares pulled indexes from their day's highs.

The three main unions at bankrupt American Airlines have reached a tentative deal with US Airways Group intended to put pressure on a reluctant American to start merger talks with its rival, the unions and US Airways said on Friday.

The Group of 20 nations on Friday pledged more than $430 billion to better than double the International Monetary Fund's lending capacity and protect the global economy from the euro zone's debt crisis.

Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.

The Group of 20 nations on Friday were poised to commit at least $400 billion to bulk up the International Monetary Fund's war chest to fight any widening of Europe's debt crisis.

Stocks rose on Friday, putting the S&P 500 on pace for its biggest weekly gain in the past five weeks, led by solid earnings from McDonald's, General Electric and Microsoft.

What a FAIL! Target committed a major Photoshop fail when it carelessly let slip a bad mistake in its ad. Here are photos of some of the worst Photoshopped errors and disasters in advertisements of all time.

General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives.

Chesapeake Energy Corp CEO Aubrey McClendon has been sued by a shareholder over potential conflicts of interest, after a Reuters report showed he had borrowed as much as $1.1 billion against his stake in thousands of company wells.

Stocks rose on Friday, putting the S&P 500 on pace for its biggest gain in the past five weeks, after earnings from a slew of bellwether companies propelled what has been a solid earnings season to date.

April 20, 2012, marks the 13th anniversary of the Columbine Massacre Shooting. Check out the story behind the massacre and five other infamous deadly school shootings

Three unions representing workers at AMR Corp's American Airlines would support a merger with US Airways Group Inc, calling it the best strategy and fastest option to complete a restructuring at bankrupt AMR.

Stocks rose on Friday, putting the S&P 500 on track to snap a 2-day drop, after better-than-expected results from Microsoft and General Electric Co propelled what has been a solid earnings season to date.

Three unions representing workers at AMR Corp's American Airlines would support a merger with US Airways Group Inc, calling it the best strategy and fastest option to complete a restructuring at bankrupt AMR.

Stocks were poised for a higher open, putting the S&P 500 on track to snap a 2-day drop, after better-than-expected results from Microsoft and General Electric Co propelled what has been a solid earnings season to date.

McDonald's Corp reported higher quarterly profit on Friday, paced by strong sales at established restaurants in the United States and Europe.

Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.

Stock index futures rose on Friday, indicating the S&P 500 may snap a 2-day decline, after quarterly results from Microsoft and General Electric Co propelled a solid earnings season.

Hungary is considering a new tax on phone calls and Internet usage which could yield up to 50 billion forints ($221.38 million) a year and would help plug budget holes, website Origo.hu reported on Friday, citing economy ministry sources.

General Electric Co reported first-quarter profit that topped analysts' expectations, helped by strong sales of jet engines and energy equipment, as well as profit growth at its finance arm.

Since Apple introduced the first iPhone in June 2007, one question has dominated the conversation: When's the next one coming out? While Apple keeps its lips sealed until the official unveiling, there are plenty of reasons why consumers shouldn't expect a new iPhone to debut in two to three months. The iPhone 5 is coming, but it's coming in October. Here are five reasons why: