Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America's best-known companies.
The top Senate Republican urged Democrats on Thursday to set aside a bill aimed at stopping online piracy of movies and music, dealing yet another blow to controversial legislation that has pitted Hollywood against tech companies.
A major Internet content hosting website, Megaupload.com, its founders and several employees have been charged by U.S. authorities for a massive copyright infringement scheme, the latest skirmish in a battle against piracy of movies and music.
Moody's Investors Service, the credit rating agency of Moody's Corp , warned on Thursday that it is likely to make further cuts in credit ratings of many European banks and global investment banks.
Amazon.com Inc's highly anticipated entrance into India's retail market may be limited to operating an online marketplace for other merchants, the Times of India reported Thursday.
There's a new seed stage investor in town. Brooklyn Bridge Ventures, which set up shop at 20 Jay Street in DUMBO, is looking commit up to $500,000 and lead investments in seed and angel stage rounds for new internet-based companies.
Authorities announced at a press conference on Thursday the indictments of 43 gang members associated with warring gangs from the Brownsville section of Brooklyn.
Google Inc's quarterly results fell short of Wall Street's heightened expectations for the holiday season as Europe's economic malaise weighed, triggering a 9 percent slide in its shares.
Google Inc's shares fell 10 percent in after hours trading on Thursday after the Internet search giant missed Wall Street's revenue targets.
IBM, the world’s No. 2 computer company, reported fourth-quarter results that met expectations, higher-than-expected revenue and delivered a bullish forecast for 2012.
Extell Development Co., one of the most active builders in Manhattan, has purchased two development sites for a combined $39 million, according to city records.
Google Inc's net revenue jumped more than 27 percent in the fourth quarter but fell short of Wall Street targets, sending shares down sharply in after hours trading on Thursday.
The number of Americans filing for new jobless benefits dropped to an almost four-year low last week, and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year.
Stocks rose for the third straight day on Thursday, sparked by results from Bank of America and Morgan Stanley and as the latest jobless claims dropped to a near four-year low.
Bank of America Corp may give shares worth $1 billion to employees instead of cash as part of bonuses and hold back on dividend increases and buybacks, as the second-largest U.S. bank grasps for ways to boost its capital levels.
Organized crime in Italy controls agricultural and food businesses worth 12.5 billion euros ($16 billion) a year, or 5.6 percent of all criminal operations in the country, according to a parliamentary investigation presented on Thursday.
The number of Americans filing for new jobless benefits dropped to a near four-year low last week and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year.
Founder and CEO of HiiDef Jonathan Marcus is giving people intuitive ways to design and create personal websites. Flavors.me, the original HiiDef product, integrates social networks and other popular web services. Goodsie, launched in May 2011, helps people build an online store in an intuitive fashion.
The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth.
Bonuses in Britain's financial services sector have been out of control in recent years, Prime Minister David Cameron said on Thursday, unveiling plans to cap cash rewards again at state-backed banks.
U.S. stocks rose on Thursday, putting the S&P on track for its third straight advance after earnings from Bank of America and Morgan Stanley lifted financials and strong demand at European bond auctions eased concerns over Europe.
The pace of factory activity in the U.S. Mid-Atlantic region ticked up in January, though it was not as strong as expected as new orders slipped, a survey showed on Thursday.
The pace of factory activity in the U.S. Mid-Atlantic region ticked up in January, though it was not as strong as expected, a survey showed on Thursday.
The number of Americans filing for new jobless benefits dropped to a near four-year low last week and factory activity in the Mid-Atlantic expanded, suggesting the economy maintained its momentum early in the year.
The Finnish creator of the global smash-hit Angry Birds computer game will not join the stock market this year but still aims to eventually seek a listing, its marketing chief said on Thursday.
New U.S. applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market.
U.S. stocks rose early Thursday, putting the S&P on track for its third straight advance after Bank of America and Morgan Stanley earnings lifted financials and strong demand at European bond auctions eased euro zone debt concerns.
Housing starts fell in December as groundbreaking on rental property posted a big decline, splashing some cold water on hopes the still-weak housing sector could boost economic growth this year.
A special charge pushed Morgan Stanley into the red in the fourth quarter, but the Wall Street bank still posted better-than-expected results by cutting non- compensation costs, sending its shares higher.
Stocks rose early Thursday, putting the S&P on track for its third straight advance after Bank of America and Morgan Stanley reported earnings and as strong demand at European bond auctions eased euro zone debt concerns.
