A unique deal to protect part of the annual bonus pool at UBS Australia expires within weeks, say sources with direct knowledge of the matter, raising the prospect that the business may lose some top talent should it not be renewed.
Japan's disgraced Olympus Corp, whose balance sheet took a massive hit after it admitted to a long-running accounting cover-up, told lenders its cash and deposits could run out in 2015, a newspaper reported on Saturday.
The first thing that jumps out about the three finalists for the North American Truck of the Year Award is that they don't quite fall into the conventional definition of truck.
A consortium of software giant Microsoft Corp., private-equity group Silver Lake, and venture-capital firm Andreessen Horowitz are reworking their bid for a minority stake in Internet company Yahoo Inc., a source familiar with the matter said on Friday.
Canada's National Energy Board said on Thursday that any company that wants to drill for oil and gas in Arctic waters will need to demonstrate it has the capacity to sink a relief well in the same drilling season to cope with possible well blowouts
Seventeen North American Car of the Year finalists entered. Three remain.
Chevron Corp. officials Friday lauded the announcement made this week that Ecuadorean state-oil company Petroecuador will clean up tracts of the amazon allegedly polluted by Texaco.
Shares of Zynga, the online gaming developer linked to Facebook, closed at $9.50 Friday, 50 cents below their initial public offering price Thursday as the company raised $1 billion in the biggest IPO since Google.
French silicon company Soitec SA said it will invest more than $150 million in a manufacturing facility in California to produce concentrator photovoltaic modules (CPV) for the U.S. renewable-energy market.
Warren Buffett's MidAmerican Energy Holdings made its second foray into solar energy in as many weeks, saying on Friday it will buy a 49 percent stake in an Arizona power plant from NRG Energy Inc.
The fierce debate over anti-piracy legislation currently rocking Capitol Hill is pitting Hollywood against Silicon Valley, and has left some wondering if the latest effort to crack down on illegal downloads will be shot down over free speech concerns.
As Oman positions itself as a medical tourism destination, the country faces a significant challenge: How to keep its own citizens from going abroad to seek treatments.
The most powerful group at Google Inc used to be known simply as The OC, short for operating committee. Now, it goes by a more telling name: L Team, short for Larry's Team.
AT&T also has 900,000 phones with controversial software installed.
Hugh Hefner's old Chicago Playboy condo is up for sale for a whopping $5.8 million, down from $6.7 million when it first went on the market in July, according to reports.
PricewaterhouseCoopers LLP, one of the “Big Four” accounting firms, is being investigated by a U.K. regulator over possible accounting scheme in the firm’s auditing of investment bank Barclays Capital Securities Ltd. In January, the FSA fined Barclays Capital £1.1 million ($1.7 million) for putting client money at risk over an eight year period.
Steven Rattner, the former head of the United States auto task force and dubbed President Barack Obama's car czar, called the auto industry's 2009 bailout an unambiguous success Thursday. But he acknowledged that taxpayers, footing the $82 billion bill to bail out Chrysler, General Motors and Ally Financial, will lose about $14 billion of their investment.
Cox Communications announced Friday it has entered into an agreement to sell its Advanced Wireless Service spectrum licenses to Verizon Wireless for $315 million. In addition, the two companies will also have the opportunity to sell each other's products and services through respective company sales channels.
The Securities and Exchange Commission (SEC) on Friday sued six former executives of Fannie Mae and Freddie Mac with securities fraud, alleging that they knew and approved of misleading statements related to the companies' holdings of subprime loans.
Friday's settlement is the fourth involving companies that in some shape or form worked on the Deepwater Horizon with BP, or supplied it with equipment. Previous settlements involved MOEX and Anadarko, BP's partners in the Macondo well, and Weatherford, the company that made the float collar used at the well.
The company which created Angry Birds, the world's most popular computer game, is considering a stock market flotation in Hong Kong, joining the many foreign firms who have gone public there.
Several brokerage firms trimmed their price targets on Research in Motion shares and questioned the BlackBerry maker's ability to recover, after the company further delayed the release of its new line of smartphones.
Jermaine Huggy Hopkins, who starred as Thomas Sams in the 1989 movie Lean On Me, was arrested in Phoenix, Ariz., on charges of buying 200 pounds (91 kilograms) of marijuana from an undercover cop on Tuesday.
Already, several firms have downgraded RIM on the news. BMO Capital downgraded the company Friday morning to Market Perform from Outperform over concerns related to BlackBerry 7.0 sales and the delay for BlackBerry 10.0 devices. The price target was lowered to $15 from $26. And Citigroup lowered its price target to $12 from $15 Friday morning.
The browser wars continue with Google Chrome 15 grabbing the number one spot, replacing Microsoft's Internet Explorer 8 as the most popular in the world, according to StatCounter.
Deutsche Bank AG has launched the sale of a large chunk of its global asset management business, with a price tag seen between 2 billion euros ($2.6 billion) and 3 billion, two financial sources familiar with the sale process said on Friday.
Apple iPhone 4S and Samsung Galaxy are likely to stand out in this holiday season's smartphone sales which will otherwise be clouded by global economic uncertainty.
Apple Inc's share of China's booming smartphone market has risen sharply in the past two years, but for now the company that sells the iconic iPhone is being outpaced by nimble rivals.
Janet Robinson will step down as chief executive of the New York Times Co. at the end of the month, as the company continues to struggle with advertising declines and a years-long slump in its share price.
Fitch Ratings, the third-biggest of the major credit rating agencies, downgraded seven global banks based in Europe and the United States, citing "increased challenges" in the financial markets.
