The second largest public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc shares against the entire board in the wake of bribery allegations in Mexico that Wal-Mart officials failed to fully investigate.
Melissa Bowerman, a 41-year-old volunteer track coach in Oregon, was recently fired after she attended the school's prom with a 17-year-old male student.
Shares of Dell (Nasdaq: DELL), the No. 3 PC maker, rose nearly 2 percent Tuesday, in advance of the company?s report of first-quarter results.
Certain Groupon customers are entitled to part of the $8.5 million in damages that have been awarded as part of a class-action lawsuit against the company. Here's how to find out if you are eligible for a voucher.
U.S. Airways flight 787 was diverted to Maine on Tuesday, May 22, where it landed safely after reports of a passenger showing suspicious behavior. according to CNN , a passenger who claimed to have a device surgically implanted inside her triggered a security scare that led the plane to divert to North Carolina, with NORAD F-15 fighter jets by its side.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it opened a new center in Da Nang, Vietnam, its third center in the Southeast Asian country.
iPhone 5 rumors are heating up if Apple hopes to release the smartphone between June and October. The latest report comes from 9 to 5 Mac, which says it has independently heard that Apple is testing multiple versions of its sixth-generation iPhone, but the displays are not only bigger, but sharper, too.
Formula 1, the popular global auto racing sport, is on its way to a possible IPO as financial investors such as Waddell & Reed Financial Inc. (NYSE: WDR), Norges Bank Investment Management and BlackRock, Inc. (NYSE: BLK) bought 21 percent of the company, CVC Capital Partners, owner of Formula 1, confirmed Tuesday.
Days after France attempted to ban a genetically-modified strain of maize created by the controversial agricultural company Monsanto, based in St. Louis, Mo., the European Food Safety Authority (EFSA) rejected France's grounds for banning the maize, even though France believes the corn is harmful to the environment.
Best Buy Co. Inc. (NYSE: BBY) reported a 26 percent drop in its fiscal first-quarter profit due largely to higher restructuring costs compared to last year, but the earnings topped Wall Street's expectations.
French hotel giant Accor SA (Paris: AC) said Tuesday it will sell the underperforming Motel 6 U.S. budget hotel chain to asset manager Blackstone Group LP for $1.9 billion, as part of an effort to cut debt and shift focus from the U.S. to fast-growing emerging markets.
The companies whose shares are moving in pre-market trading on Tuesday are: STMicroelectronics, Ceragon Networks, Trina Solar, Vodafone Group, Mellanox Technologies, Nokia Corp, Cellcom Israel and AstraZeneca plc.
The total amount of annual pay package Cook received from Apple in 2011 was $378.98 million. However, Cook's base salary was $900,000, along with $900,000 more for his annual incentives, which add up to $1.80 million only. So where does the cash pile of $378.98 million come from? Read on to know more...
After its successful IPO on Friday, Facebook was looking forward to its second day of trading, but CEO Mark Zuckerberg won't be too pleased to learn that his company took a big tumble on the stock exchange on Monday. Facebook shares (listed as FB on the Nasdaq) fell from $38.27 to $34.03 apiece, a drop-off of about 11 percent.
Former Goldman Sachs director Rajat Gupta threw away his duties by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.
The Lotus F1 Team made one of its weirder announcements for the Formula 1 season on Monday when it said that it had teamed up with the slightly whiny and outdated emo rock band Linkin Park to create an iPad App for the 2012 Monaco Grand Prix.
On Monday, Apple invested another $210 million to help Foxconn, the company's largest manufacturing partner in Asia, build out a new production line for unspecified components. The plant will hire roughly 35,800 new employees to help assemble components for the company's line of desktop and laptop computers, smartphones, tablets, or possibly new computing devices.
Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday to restructure $3.1 billion in debt and reduce annual interest costs by around $250 million.
Former CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine Scott Thompson resigned as a director of Spunk (Nasdaq: SPLK), a week after quitting his job at Yahoo.
Billionaire Carl Icahn raised his share in CVR Energy Inc. (NYSE: CVI) to 80 percent and is completing the replacement of the nine-member board of directors after winning the support of shareholders in the Texas-based refiner and marketer of transportation fuels.
Dharun Ravi, a former Rutgers student, has been sentenced to 30 days in jail after being convicted of criminal charges including invasion of privacy and tampering with evidence.The sentencing comes two months after Ravi was convicted of crimes that provoked the suicide of his Rutgers University roommate Tyler Clementi.
Chrysler Group LLC is recalling 67,872 model year 2010 Jeep Wrangler cars equipped with automatic transmissions because of fire hazards associated with the transmission skid plate, the National Highway Traffic Safety Administration reported Monday.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday that the bank had suspended repurchases of its stock, but is maintaining its dividend, while working down losing trades in credit derivatives.
Campbell Soup Co. (NYSE: CPB) reported net income fell 5 percent to $177 million, or 55 cents a share, as revenue rose to $1.82 billion in its third quarter ended April 29. A decline in U.S. and international sales of its simple meals, a drop in global sales of its beverage products, a rise in the cost of ingredients and an increase in marketing spending were attributed to the 2-cent decline in EPS from the same quarter last year.
A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.
Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged more than 13 percent when markets opened Monday, lowering the company?s value by about $8 billion.
The Worldwide IT outsourcing (ITO) market grew 7.8 percent from 2010, with the revenue totaled at $246.6 billion in 2011. It was the Indian-based IT services providers and providers rooted in cloud-based services that delivered the highest growth rates in 2011.
China's Alibaba Group and Yahoo confirmed Sunday night they have reached an agreement that will allow the two online media giants to eventually go their own ways. Alibaba initially will pay an estimated $7.1 billion in cash and preferred stock to Yahoo.
Nasdaq is humbly embarrassed by the technical issues that plagued trading in shares of Facebook Inc. (Nasdaq: FB) on Friday, Robert Greifeld, CEO of Nasdaq OMX Group Inc. (Nasdaq: NDAQ), told reporters on a conference call on Sunday.
