COMPANIES

The Metropolitan Transit Authority called an earlier New York Post story on Apple's new store at Grand Central inaccurate.

Facebook announced on Friday it would open an engineering office in Manhattan next year. The new branch will add space to the company's two floors at 333-335 Madison Avenue, near Grand Central.

Burger King has begun introducing new French fries in its North American franchises, hoping a revamped recipe will help it take on competitors McDonald's and Wendy's in the fast-food burger and fries restaurant chain market.

An Olympic boycott will not be on the agenda when the Indian Olympic Association meets next week, despite continuing outrage over Dow Chemical's high-profile sponsorship of the London 2012 Games, the IOA's acting president told Reuters on Monday.

U.S. rail traffic, a snapshot of the weekly economic well-being, continued to climb in late November. During the week ending Nov. 26, U.S. railroads originated 265,304 carloads, up 4 percent compared with the same week last year, while intermodal volume for the week totaled 190,866 trailers and containers, up 3.7 percent compared with the year-ago-period, the Association of American Railroads reported.

The Gitxsan First Nation said on Friday it has agreed to become the first aboriginal partner for Enbridge Inc's C$5.5 billion ($5.42 billion) Northern Gateway oil pipeline, one day after other native groups in British Columbia pledged to block the project.

Anyone who purchased tickets on Ticketmaster over the past 12 years is entitled to a refund, the company said, for processing fees charged at the time of purchase.

The troubled Cooper Square Hotel in Manhattan's East Village has sold for $67.5 million, according to New York City records.

Verizon Wireless plans to acquire wireless spectrum from SpectrumCo LLC, a joint venture between Comcast, Time Warner Cable and Bright House, for $3.6 billion.

Honda Motor Co. on Thursday announced that it has expanded its previous recall of certain types of Honda and Acura vehicles in order to replace the driver's airbag inflator.

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Wendy's announced Thursday that it would consolidate its corporate headquarters to Ohio, moving 170 positions from Atlanta and severing more memories of its failed union with Arby's.

Thomson Reuters Corp Chief Executive Tom Glocer is stepping down at the end of the year following a slump in the share price in recent months. He will be replaced by Chief Operating Officer James Smith, a veteran Thomson executive who has run the company's most successful operations.

Canaccord Genuity has said that the sub-seasonal notebook production in the first quarter may hurt Intel Corp.

The air bags can inflate with too much pressure during a crash, and possibly send metal and plastic debris flying, possibly causing injury to drivers and passengers. This is the sixth recall in three years for the problem, which the company said has caused 20 known injuries.

Officials from major New York property owners said 2011 office leasing activity was strong, despite broader economic concerns, in a panel at the Goldman Sachs Commercial Real Estate Symposium in Lower Manhattan on Thursday.

Over 650,000 Groupon’s were sold between Black Friday and Cyber Monday in the holiday store “Grouponicus,” according to a blog post by Chief Executive Officer Andrew Mason.

Current Verizon CEO Lowell McAdam will take on a new role as Chairman of the Board in January as recently retired CEO Ivan Seidenberg will step down as a director, the company announced Thursday.

Shares of Barnes & Noble fell more than 16 percent as the New York-based company posted a $6.6 million loss in the fiscal second quarter due to sagging book sales, resulting in a loss of 17 cents a share.

Discover Financial Services (DFS), one of the largest card issuers in the U.S., found a new way to promote its credit card. The company announced Thursday it has partnered with social game developer, Zynga Inc., to help launch an expanded version of FarmVille -- Winter Wonderland.

After record sales and traffic on both Black Friday and Cyber Monday 2011, retailers reported November sales that matched November estimates, as some retailers impressed while others fell behind.

Sasol Ltd. is planning to add a multibillion ethane cracker and ethylene-derivative project to its Lake Charles facility in Louisiana, in part to leverage on the rapid development of shale gas in North America.

Wells Fargo & Co. (WFC) announced Thursday the reduction of fixed interest rates for many of its private student loans, as the company tries to coincide with peak season and appeal to graduates interested in consolidating their student loan debt, as well as those who are in the midst of obtaining financing for second semester coursework.

U.S. manufacturing expanded at a faster rate in November and the overall economy grew for the 30th consecutive month, according to a closely watched index released Thursday.

United Continental wins the FAA's green light to operate as a single airline.

Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores.

Ranbaxy Laboratories said on Thursday it has launched the first generic version of the cholesterol-lowering Lipitor in the U.S., the largest selling drug of all time, sending its shares surging over 11 percent.

Latest data on the number of Americans who filed new applications for federal unemployment benefits rose for a second straight week and once again moved above the key 400,000 mark -- the level at which some economists take to mean the economy has to add more jobs than it is shedding. The labor market is still weak, even during the holiday season.

The business, which includes pipelines and processing stations that remove valuable crude-like liquids from gas, owns or has rights to about 4,000 kilometers of pipeline systems and 21 million barrels of storage capacity.