COMPANIES

South Korean technology giant LG Electronics, having done a style check on its Optimus series, has announced plans to roll-out three refreshing Android-based smartphones at the Mobile World Congress (MWC) 2012. L3, L5 and L7 will be the three uber-stylish handsets that will be launched under their new line, the ‘L-Style.’

Actor Saif Ali Khan has been accused of assaulting a fellow diner at a posh five-star hotel in Mumbai and might be arrested, police said on Wednesday.

Ford Motor Co. is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market.

Paramount Pictures, the movie studio that controls all the rights over the fictional mafia family's story The Godfather, has sued the estate of Mario Puzo, arguing that the heirs of the author has wrongfully authorized the publishing of a pair of sequel novels.

The Tulsa, Okla.-based company is expected to report fourth-quarter net profits of $268.61 million, or 41 cents a share, according to analysts polled by Thomson Reuters. The company earned $259 million, or 44 cents a share, in the year-earlier period.

Comcast Corp, the No. 1 U.S. cable operator, became the latest major name to take on Netflix Inc on Tuesday when it announced plans for an online video service offering a library of TV shows and movies.

The New York Knicks' new star point guard Jeremy Lin recently applied to trademark Linsanity several days after two California men each filed separate ones, attempting to cash in on the fervor surrounding Lin and his vernacularly adaptable name.

What a difference 2.8 million customers -- and one point guard -- can make. Madison Square Garden Co. said Tuesday that despite the first two losses of the Jeremy Lin era, the last two New York Knicks telecasts on the MSG network are its highest-rated regular-season events ever. The boost in ratings coincides with MSG resolving its carriage dispute with Time Warner Cable last Friday, in time for the Knicks' Friday night game against the Hornets to be broadcast.

Agricultural processor Archer Daniels Midland Co on Tuesday said it will eliminate 20 percent more jobs than previously expected to reduce costs.

A condo in the shimmering twin towers at 25 Columbus Circle in Manhattan has sold for $19.4 million, according to city records.

Dell, the No. 3, PC maker, reported fourth-quarter earnings two cents below estimates as revenue rose slightly above expectations.

The U.S. Supreme Court Tuesday took a case that aims to end race as a factor in college admissions.

Research In Motion on Tuesday gave its PlayBook tablet computer the ability to handle email as easily as a BlackBerry does, with new software that eliminates a shortcoming that has throttled sales since the PlayBook launched last April.

Apple, the world’s most valuable company, is scheduled to convene its annual shareholder meeting Thursday at its headquarters in Cupertino, Calif.Here are three ket items to watch for.

Wireless tower operator SBA Communications Corp will buy more than 2,300 tower sites and some antenna assets from Mobilitie LLC for about $1.09 billion, as it looks to benefit from an explosion in data traffic and arm itself better against larger competitors.

A top executive of Japan's scandal-ridden Olympus Corp was found hanged outside his apartment in suburban Delhi in a likely suicide, police said on Tuesday.

On Monday oil prices hit a nine-month high after Iran stopped exports to Britain and France. The new fear is that higher gas prices will be seen shortly. According to CNN, gas prices are already up nealy 9 percent from the start of the year. With gas prices already high and expected to explode even more, now is a better time than ever to take a look at fuel efficient cars. Car manufacturers like Honda and Toyota are advancing the mileage on their hybrid and electric vehicles. The gas pri...

After clamoring for the number one spot when it came to endorsing Facebook’s initial public offering in the beginning of the month, Goldman Sachs lost to Morgan Stanley, and placed fourth among U.S. financial rivals. Although it wasn’t chosen as the social-networking giant’s main supporter, Goldman Sachs and Facebook may have more in common than some think. In the past week, both companies claimed victories in intellectual property lawsuits, according to BusinessWeek.

A flood of earnings reports Tuesday morning showed a mixed bag for the broader economy, with select companies coming up short, though retailers generally enjoyed a bounce-back 2011.

In November 2011, Rupert Murdoch's tablet-only digital magazine The Daily discovered that Microsoft was planning to build a version of Microsoft Office for the iPad. On Tuesday, sources tell The Daily that the Microsoft Office app will soon be submitted to Apple for approval in its App Store.

Shares of Dell, the No. 3 PC supplier, have surged nearly 25 percent this year. Could investors be looking for the company to start surging in the services sector?

Hecla Mining Company (NYES:HL) turns to profit in the fourth-quarter supported by lower costs and higher metals prices. Hecla's shares jumped 7 percent in early Tuesday morning trading before trending down slightly.

Only 54 percent of Americans have more emergency savings than credit card debt, according to a February study by Bankrate.com.

Alibaba Group, the Chinese e-commerce company, proposed on Tuesday to privatize its Alibaba.com division.

Prima has released Elder Scrolls V: Skyrim game application tool for iPad and iPhone users.

Chinese e-commerce firm Alibaba Group has offered to take its Hong Kong-listed unit Alibaba.com private at a cost of around HK$19.6 billion ($2.5 billion), a move it said was not related to a possible deal with Yahoo Inc on buying back Yahoo's stake in the Chinese Internet giant.

Wal-Mart Stores Inc., the world's biggest retailer, on Tuesday reported a 1.5 percent increase in fourth-quarter sales at its U.S. stores open at least a year.

LG has officially unveiled Optimus Vu which, according to many, is a competitive reply to Samsung's newest smartphone, Galaxy Note.

With the increasing dominance of mobile devices, Apple and Microsoft are trying to mobilize their PC operating systems too. Apple has released a developer preview of its Mac OS X 10.8 operating system, nicknamed Mountain Lion, which brings popular apps and features from the iPad to the Mac and will accelerate the pace of OS X innovation.