COMPANIES

Yahoo Has Potential Bidder in Alibaba Group

Yahoo Picks Former PayPal Chair as New CEO
Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc. in the event that talks to unwind their Asian partnership fail.
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Apple Profit View Raised at BMO

BMO Capital Markets has raised its profit estimates of Apple, Inc. (NASDAQ:AAPL) saying the Cupertino, California-based technology giant would benefit from material upgrades of Sprint customers.
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A customer leaves the Sears store in Denver

S&P Reviews Sears for Possible Downgrade

Standard & Poor's placed Sears Holdings Corp's credit rating on review for a possible downgrade on Wednesday, saying the retailer's plan to close at least 100 stores may not do much to improve its performance.
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U.S. Tries New Tactic for Suspected Swiss Bank Tax Cheats

U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.
Intel's Thunderbolt technology

Microsoft-Powered PCs Getting Thunderbolt Ports in 2012

When Apple first partnered with Intel to include Thunderbolt ports on the MacBook Pro, they may or may not have known how much interest the technology would generate in the computer world. In 2012, Thunderbolt looks to make a bigger splash by making its way onto several different PC platforms.
ForeSee Survey

Netflix Tanks Customer Satisfaction Survey: 5 Things Investors Need to Know

For the first time, Netflix has fallen below Amazon in customer satisfaction, landing with some of the worst companies in a new ForeSee poll with a rating of 79 out of 100. For investors anxious about Netflix stock, however, this survey has a silver lining. Here, find out the five things investors should know about the streaming site's ranking in this new poll.
LG Nitro HD

LG Display plant in eastern China hit by strike

Workers at an LG Display factory in eastern China have gone on strike, halting some production, the company said on Wednesday, in the latest action by China's increasingly assertive workforce.
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Noble Energy Discovers Natural Gas Off Republic of Cyprus

Noble Energy, Inc. (NYSE: NBL) said it has discovered natural gas at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand intervals.
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Carlyle Launches Financial Firms Buyout Fund

The Carlyle Group has started fundraising for a new global financial services buyout fund that is seeking to top its previous $1.1 billion fund, which is now almost fully invested, a person familiar with the matter said on Tuesday.
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Appeals Court Delays SEC-Citigroup Fraud Case

The Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.

U.S. Appeals Court Delays SEC-Citigroup Fraud Case

The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision to reject its $285 million settlement with the bank.
Logo on headquarters of American International Group Inc. (AIG) in New York

Court OKs AIG's $450M Workers Comp Settlement

A federal judge has approved American International Group Inc's $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers' compensation policies.
Ford Fusion

U.S. Auto Sales Grow for Third Year, with 'no Clunkers'

A large part of Jesse Toprak's job as the chief automotive industry analyst for TrueCar.com is to advise consumers on which cars to target -- and the clunkers to avoid. In 2011, though, something changed within the United States automotive industry. There are very few, if any, clunkers.
Microsoft Sees Windows Phones Becoming Number 1 in China

Microsoft Mobile System Builds App Catalog to 50,000

As T-Mobile gets ready to bring the Nokia Lumia 710 smartphone to its lineup, the Microsoft system at the core of the device has seen its app store grow to 50,000 available apps. This is the number of apps published, and there have been around 6,000 apps pulled by the developers or Microsoft for a variety of reasons tech blog All About Windows Phone reported.
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Morgan Stanley to Cut 580 Jobs in New York City

Morgan Stanley (MS) will axe 580 jobs in various sites in New York City due to economic reasons. The rolling layoffs began on Dec. 15 and the company has not identified a closing date, company filings with the New York Department of Labor showed Tuesday.

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