COMPANIES

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.

Many Americans believe politics and Supreme Court justices' political leanings will influence their decision on the health care overhaul as much as their assessment of the law's merits.

Sprint Nextel Corp. (NYSE: S) said Friday it terminated its $9 billion spectrum sharing partnership with telecommunications startup LightSquared.

While little is truly known about the iPhone 5, Apple loves to surprise fans with bold new features. A number of recently-approved Apple patents could provide hints as to the features we might see come September or October.

Ford Motor Co. has been sued in a federal class action lawsuit for allegedly selling E and F series trucks, including its popular F-250 and F-350 Super Duty trucks, with a defect in their fuel tanks known of since 2007, a complaint filed in Federal court Wednesday said.

The Environmental Protection Agency on Friday found there was no evidence that hydraulic fracturing caused ground water contamination in Pennsylvania.

Continuing its delicate game of portfolio balancing, United Technologies said Thursday it will sell off several major business units as way to raise cash for a previously announced $16.5 billion acquisition of aerospace manufacturer Goodrich Corp.

It was a mob scene at Grand Central Terminal this morning, with commuters and Apple fans alike trying to get a glimpse of the new iPad. Thankfully, Apple had plenty of security measures in place to control the hordes of customers while making the process still enjoyable for fans.

U.S. delivery company United Parcel Service Inc. (NYSE:UPS) said Friday it is in constructive talks to buy Dutch rival TNT Express NV and reiterated its intention to make a formal bid by May 12.

Shares of Apple (Nasdaq: AAPL) recovered after plunging in the first hour of trading as sales of its latest iPad brought lines to its U.S. retail stores and wireless company outlets.

Forgetting Sarah Marshall's Russell Brand had a warrant out for his arrest in New Orleans on Wednesday after he allegedly threw a photographer's iPhone through a law firm's window on Monday. Brand was released on a $5,000 bond after turning himself in on Thursday. The actor was booked on misdemeanor charges of two counts of simple criminal damage to property.

The Samsung Galaxy S3 rumor mill is gathering plenty of momentum these days. The latest buzz is that the Galaxy smartphone is already in the production and will hit the market in June this year.

Reliance Communications has launched a CDMA Android tablet in India. The latest device is all set to compete with Aakash, the $35 tab, and recently released BSNL tablets. Check out the features and tariff plan of the Reliance CDMA Tab.

Ever since Apple announced its 3rd generation New iPad, hackers have been working on a jailbreak of the device.

Apple's New iPad is all set to debut in stores at 8 a.m Friday and is very likely to create yet another shopping tornado across tech world.

Blizzard Entertainment finally announced the release date of its most-awaited game Diablo 3. The game is coming on on May 15. The digital presale of Diablo 3 has already opened on Blizzard's Battle.net.

If you are eager to get your hands on Apple's 3rd generation iPad then forget about joining long lines or waiting until retail stores open at 8 a.m. on Friday. Wal-Mart will open its doors at 12:01 a.m. on Friday, to shoppers who want to snag the new iPad, according to CNet.

Facebook Inc is taking the next step on its IPO journey and has summoned research analysts from Wall Street banks to its Menlo Park headquarters early next week for a pre-roadshow briefing to discuss the finer points of its business and books.

The 2012 Formula 1 season begins Friday with the first practice rounds of the 2012 Formula 1 Quantas Australian Grand Prix at Albert Park in Melbourn, with the actual race taking place on Sunday, March 18.

Fiat S.p.A. subsidiary Maserati S.p.A. plans to increase sales by at least 900 percent by 2015, CEO Harald Wester reportedly said on the sidelines of the Geneva Motor Show 2012 where it debuted its new Maserati GranTurismo Sport last week, Auto News reported Sunday.

Subaru of America Inc. will recall approximately 275,000 Forester cars made from 2009 to 2012 because of a problem with the back-seat child restraints.

Russia's largest bank, Sberbank, plans to embark on a major sale of a $6 billion Russian government stake on April 16, Reuters reported.

Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet gear, said it plans to acquire NDS of the UK in a move to bolster its growing presence in media communications.

PepsiCo, Inc. might be associated with refreshing cola, but the company has hit a giant milestone with their popular “Banner Sun” potato chip brands. “The “Banner Sun” potato chips, which are comprised of Lay’s (U.S.), Smith’s (Australia), Walkers (U.K.), Elma’s (Brazil) and Sabritas (Mexico), have reached over $10 billion in global retail sales. The food company has been catering to chip taste preferences around the world, fueling their rising sales

In many parts of conservative Muslim Morocco, it is unacceptable for a bride not to be a virgin.

Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.

D'andre Lane, the father of missing 2-year-old Bianca Jones has been charged with murder. The Detroit child went missing on Dec. 2 after a alleged carjacking at gunpoint. Bianca had been in the back seat of the vehicle. The 2-year-old has never been found, and prosecutors believe that Lane's story was bogus. Kym Worthy, prosecutor of Wayne County told the New York Daily News that evidence exists showing that Jones was abused by her father the day she disappeared. This development ....

PS Vita is the next generation of handheld gaming. While the device is fast becoming one of the most sought after handheld gaming devices on the planet with 1.4 million units sold, there are few questions about the device that remain to be important before buying it.

Shares of Apple hit $600 for the first time, boosting the computer and electronics developer’s market capitalization above $560 billion.