COMPANIES

Wish you were the owner of the fastest convertible in the world? Well, Dream On, because that title belongs to Aerosmith front man Steven Tyler after he purchased the first, and custom-made, 2012 Hennessey Venom GT Spyder for over $1 million. View the slideshow to see photos of Steven Tyler with his custom 2012 Hennessey Venom GT Spyder.

Two months ago, Toronto activist investor Victor Alboini, whose Jaguar Financial had acquired a stake just below 5 percent in Research in Motion (Nasdaq: RIMM), said the company won?t be around in its current shape in two years. Now it's for sale.

Apple has acknowledged that its iPad made it a major force in ebooks but denied that it?s stifling competition in a formal reply to the Justice Department's antitrust suit.

Apple Inc Chief Executive Tim Cook said he would like to see more of the company's products assembled at home than in China and contain more U.S. components such as semiconductors.

Japanese trading house Marubeni Corp. (Tokyo: 8002), which has been on a global shopping spree in recent years so it can become a dominant grain supplier to China, just took a strategic step toward that goal.

Facebook co-founder Eduardo Saverin has been pretty uncommunicative ever since the details of his flashy Singapore lifestyle, along with the renouncing of his American citizenship, made news headlines. But that all changed recently when Zuckerberg's former business partner, now a newly made billionaire thanks to the Facebook IPO, sat down for an interview with a magazine from his family's native Brazil.

An atheist and agnostic group in North Dakota won the right to sue over a decades-old Ten Commandments display in Fargo.

Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell to a new low following its $16 billion May 17 initial public offering.

Shares of Chinese electric carmaker BYD Company Ltd. (Hong Kong: 1211), which is partially owned by Warren Buffett, recovered some of the losses suffered after one of its e6 electric cars caught fire in a crash which killed three people in southern China.

Justin Bieber is currently under investigation for criminal misdemeanor battery in Los Angeles County. The Boyfriend singer reportedly got into a scuffle with a paparazzo on Sunday, after the photographer repeatedly snapped pictures of the Biebs exiting a movie theater at the Commons at Calabasas mall.

Since Mark Zuckerberg launched Facebook in 2004, the social network has become one of the most important centerpieces in society, especially as it becomes increasingly digital and mobile. Yet, the value of Facebook has not yet translated to revenue dollars. That may change, however, if Facebook decides to build its first-ever piece of hardware: A Facebook smartphone.

Google is not the only software company trying to get into the hardware arena. If ongoing rumors are to be believed, Facebook too wants its own smartphone. Reports said that it hopes to release its own smartphone next year and has already hired more than half a dozen former Apple software and hardware engineers.

Sarah Hughes, who an Olympic gold medal for the U.S. at the 2002 Winter Olympics, won't have the public skating rink in Great Neck, N.Y., renamed in her honor, the Great Neck Park Commission has ruled.

Groupon Inc. is testing a payment service that will allow merchants to accept credit cards using its infrastructure, media reports said, pushing the coupon company into a market space already occupied by PayPal and Square.

Lorenzo Thione believes in fate and approaches the world with a somewhat self-confident naivete. This outward optimism comes across most clearly when he talks about his new business: He wants to be an artist among the artists, unchaining fine art from wealthy collectors and setting it free among the hoi polloi.

The Toyota Motor Corp. (NYSE: TM) wants to make itself king of the hill once more and reclaim the No. 1 global sales position from the General Motors Co. (NYSE: GM) by adding eight compact cars for emerging markets, Reuters said Friday.

It seemed like a move in the right direction for Yahoo back in November, when the company announced a family of new mobile products that would enrich the way users see and understand their news and entertainment content. But just shy of seven months after outburst of mobile and social applications and tools, Yahoo has decided to call it quits on arguably the biggest piece of that mobile package, a personalized magazine app called Livestand.

The Cisco Cius, we hardly knew ye. Less than a year after the Cius hit shelves on July 31, Cisco announced on Friday (via company blog) that it will discontinue all investments being poured into its tablet designed for business and enterprise professionals. The price may have been the Cius' ultimate killer, but the lack of entertaining features made this tablet all work, and no play.

Vatican police arrested Pope Benedict XVI's personal butler on Friday following an investigation into the Vatileaks scandal in which confidential church documents, including personal letters to the pope, were made public.

Space Exploration Technologies Corp. has become the first non-governmental agency to fly to the International Space Station and dock with orbiting laboratory.

Brett Kimberlin, also known as the Speedway Bomber, is the infamous male who set an Indiana town ablaze with a series of coordinated bombings in 1978. The man behind the madness was also convicted of thirty three additional crimes, including illegal use of a Department of Defense insignia, and the Presidential Seal, both of which were used to procure the hard-to-come-by explosives used in the bombings.

Three months after Rush Limbaugh characterized a Georgetown Law School student Sandra Fluke as a ?slut? and a ?prostitute,? a liberal-backed boycott of the right-winger?s radio show has been effective.

U.S. government data says that one American in three is obese -- and a European plane maker sees it as a sales opportunity.

Apple quietly tweaked its App Store platform for Mac computers and iOS devices, rebranding a few categories and adding new features. But while most users may not notice these subtle changes, it's possible that these moves are in fact a precursor to a larger, more wholesale redesign of the App Stores.

While Memorial Day is a day meant to celebrate and commemorate all those who have fallen while serving in the United States Armed Forced, along with a long weekend vacation from work and school, Monday, May 28 may be a great day to snag sales. According to NASDAQ, Memorial Day 2012 will be one of the best in recent years to receive heavy discounts on apparel and home goods. So, grab your wallets and eco-friendly shopping bags! From pets, to auto, to apparel to electronics, here are some of the b...

Airbus will probably not increase production of its narrowbody A320 airplane in the near future due to supply chain limitations, Aviation Week reported Friday.

Former Boston Red Sox pitcher and tech entrepreneur Curt Schilling fired his entire staff at his Rhode Island-based video game company, 38 Studios, on Thursday, leaving more than 300 employees without jobs because the company couldn't repay its debt to the state.

Shares of Quest Software (Nasdaq; QSFT) jumped 5 percent Friday after a report it would be acquired by Dell (Nasdaq: DELL), for as much as $2 billion.

Faced with the disastrous fallout from the initial public offering of Facebook (Nasdaq: FB), the No. 1 social network, other technology companies that had been waiting to go next may reconsider.