COMPANIES

The betrayals of real estate magnate Edul Ahmad, though brought to light nearly six months ago, continue to haunt the residents of the Guyanese-dominated Richmond Hill neighborhood of Queens.

One day in year 2005, a young man called Mark Zuckerberg surprised the world with a new concept called social media service. He called it Facebook, which has grown to have a market value of $100 billion now.

AMR Corp , the bankrupt parent of American Airlines, on Monday said it would cut service between Chicago and New Delhi and between Dallas/Fort Worth and Burbank, California, a move that will eliminate 150 jobs.

Novartis issued a recall on Sunday for a number of its over-the-counter drugs including headache remedy Excedrin and Bufferin, due to mislabeled and broken pills during manufacturing. Here's how you can get a full refund for the recalled products.

The Detroit Auto Show 2012 has been so far a testament to value and design combinations, key elements that deliver winning car products. The Hyundai Elantra kicked off the first day of the North American International Auto Show -- as it's officially called -- Monday with a somewhat surprising win as Car of the Year. The compact Elantra, cited by voting jurors for its low price and high efficiency with 40 miles per gallon, beat the Ford Focus and Volkswagen Passat for the annual honor.

Five Years ago today, Steve Jobs unveiled the revolutionary iPhone. The gadget that merged together telecommunication, cyberspace, music and video continues to be celebrated to this day, but while many took to the Web to mark its fifth birthday, others took the opportunity to shed light on labor conditions at Foxconn factories where most iPhones are made.

A Polish military prosecutor defending his department against allegations that it had broken the law shot himself in the head Monday after cutting short a news conference. The cameras were still rolling.

Eighteen coastal states have varying degrees of protection against hurricanes, according to the Insurance Institute for Business & Home Safety.

The name e-Bugster is derived from the obvious -- e is for electric, Bug is the nickname of the iconic Beetle, and speedster describes the open-top two seater, the company said.

Some Conservative Muslim groups are calling for a boycott of Sawiris' many companies.

Whitney Tilson told CNBC that he expected the stock of the Los Gatos, Calif.-based company to continue on its upward trajectory, and he also said Netflix is in prime position for a takeover.

Microsoft, the No. 1 software developer, is making a major push to get its new Windows 8 onto mobile platforms, including smartphones.

The SUV made by Land Rover's Range Rover brand, called by one pundit small but capable and luxurious, beat out other award finalists the BMW X3 and Honda's CR-V. The Evoque went into production in July 2011.

Bristol-Myers Squibb Co. (BMY), the American pharmaceutical giant that is facing the near-term loss of patent protections on three of its four top sellers, is set to buy U.S. biotech company Inhibitex Inc. for $2.5 billion.

Intel, the world’s biggest chipmaker, plans to scale up production of its new Ultrabook chips, with as many as 75 consumer products available by the second quarter and more to come, said Mooly Eden, VP and general manager for the consumer client group.

The application would allow FiOS subscribers to steam live television and certain video-on-demand programs through LG products.

Flight attendants with United Airlines could have their new contract in several weeks depending on how the airline's management votes on contract proposal sent to them on Saturday.

Lions Gate Entertainment is near a deal to purchase rival Summit Entertainment forapproximately $400 million in cash and stock and would assume $300 million of Summit's debt.

Computer services firm Mahindra Satyam said it had filed a lawsuit against past directors, some ex-employees and former auditor Pricewaterhouse, seeking damages after the company was hit by a fraud in 2009 that became the country's biggest corporate scandal.

Japan's Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told Reuters on Monday, as the company seeks to draw a line under one of the nation's worst accounting scandals.

International Business Machines Corp. (NYSE:IBM) may report lower backlogs for its fourth quarter, hurt by challenging business conditions at its software and systems units.

The Elantra beat out other finalists the Ford Focus and Volkswagen Passat to win the honor. The Land Rover Evoque won the truck of the year award. The car and truck of the year awards, in a 19th year, are chosen by 50 automotive journalists. To be eligible, a vehicle must be all new or substantially changed. Finalists for the truck of the year award included the BMW X3, Honda CR-V and the Land Rover Range Rover Evoque.

Microsoft may soon integrate Xbox Live Gaming with iOS and Android.

Norwegian oil firm Statoil has made a second big oil discovery in the Barents Sea in less than a year and predicted more discoveries to come in the region, further boosting the remote Arctic region's oil prospects.

The Elantra beat out competing finalists Volkswagen Passat and the Ford Focus to claim the honor at the open of the 2012 North American International Auto Show at Cobo Center. Media days for the Detroit auto show began Monday morning, before it opens to the public on Jan. 14.

The Miami Marlins' new pitcher Mark Buehrle would rather stick by his pit bull pooch than abide by Miami-Dade County laws.

Windows 8 was first mentioned at the CES 2011 in January last. Microsoft then announced that Windows 8 would be adding support for ARM microprocessors in addition to the x86 microprocessors from Intel and AMD.

Chip maker Advanced Micro Devices, Inc. (NYSE:AMD) could guide its first quarter revenues to decline 4 percent to 8 percent sequentially when it reports its fourth-quarter results on Jan.19, according to a Wall Street analyst.

Shares of Qualcomm Inc. (NASDAQ: QCOM) could surpass $60 in the first half of 2012, helped by 3G growth and strong smartphone adoption.