COMPANIES

Power Balance, the company that sold plastic wristbands with claims of health benefits has filed for bankruptcy, according to reports. Litigation against Power Balance forced the company to file for Chapter 11 protection under the U.S. Bankruptcy Code last week, Power Balance representatives said.

The Greenwich Village townhouse at 64 Perry Street, next door to the fictional apartment of Carrie Bradshaw in Sex in the City, has sold for $9 million, according to New York City records.

The company said the attempts to hack accounts were unsuccessful.

America may seem to be at the forefront of innovation and technology, but when it comes to credit card payment systems, we're still a step behind.

State-controlled Allied Irish Banks (AIB) has sold its Dublin-based asset management arm to South African investment management firm Prescient Holdings for an undisclosed sum, AIB said on Monday.

UniCredit's Libyan shareholders are interested in taking part in the 7.5 billion euro rights issue the bank is planning to help shore up its balance sheet, Chairman Dieter Rampl said on Monday.

It was only a matter of time. Finally, some retailer (in this case, Kohl's) is attempting to market its Black Friday sales through Rebecca Black's Friday.

Tyson Food's fiscal fourth-quarter earnings fell 54 percent on a drastic decline in its chicken segment, the company announced in an earnings report Monday.

After being blacklisted by Fannie Mae and Freddie Mac, troubled foreclosure firm Steven J. Baum PC announced on Monday that it would be closing.

After months of staying mum on the deal, Verizon has finally broken its silence.

U.S. currently accounts for 47 percent of the global credit and debit card fraud, while only generating 27 percent of the global total volume of purchases and cash, according to a recent Nilson Report, a trade newsletter on the payments industry.

Should an aspiring attorney with a well-documented history of lying be banned from practicing law?

Sales of previously owned homes in the U.S. rose in October while the number of homes on the market continued to decline, according to the National Association of Realtors. Although falling property values and near record-low borrowing costs are starting to appeal to homebuyers, a growing trend of last minute cancellation suggests that even those who are looking to buy are worried about the housing market.

Chevron Corporation announced it is taking full responsibility for the oil leak that occurred off the coast of Rio de Janeiro two weeks ago.

Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio.

Gilead Sciences, Inc. (NASDAQ:GILD) would raise $6 billion in debt and suspend share buybacks as part its $11 billion acquisition of Pharmasset, Inc. (NASDAQ:VRUS), according to a Wall Street analyst.

Maruti Suzuki may not post growth in sales volume in the current fiscal year, its chairman said on Monday.

Digital China Holdings, an IT vendor, said it was looking at acquiring targets in China's IT service sector and AsiaInfo-Linkage Inc. (NASDAQ:ASIA), hiSoft Technology International (NYSE:HSFT) or VanceInfo Technologies (NYSE:VIT) could be the beneficiaries of this development.

Larsen and Toubro, India's biggest engineering conglomerate, is targeting overseas revenue growth as part of a strategy to beat a slowdown in Asia's third-largest economy.

Tata Motors released an upgraded Nano model, the company said on Monday, as it looks to improve on well below-estimate sales of a product touted as the world's cheapest car.

Japan's Olympus Corp said on Monday that a third-party panel appointed by the company to look into an accounting scandal has, so far, found no evidence that funds from its M&A deals went to organised crime syndicates or that yakuza gangsters were involved.

When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.

Black Friday excitement is in full swing with a number of stores offering attractive deals on high demand products

Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.

The strategy by the Swiss bank UBS to slash risky assets by almost half and pay its first dividend since the financial crisis has the full backing of Axel Weber, its newly crowned CEO Sergio Ermotti said in a Swiss newspaper on Sunday.

A Procter & Gamble Co. representative said former company CEO John Smale, 84, died Saturday in Cincinnati. No immediate details regarding his death were revealed.

The 10-day-long Los Angeles Auto Show began Friday at the Los Angeles Convention Center, with more than a thousand cars on display, including concept and ecofriendly vehicles.

Audi has confirmed a top-caliber international driver line-up for the 2012 Armor All Bathurst 12 Hour race, confirming the return of two of the three drivers from the winning combination this year.

Regeneron Pharmaceuticals Inc.'s Eylea (aflibercept) has been approved for marketing by the U.S. Food and Drug Administration in the treatment of wet age-related macular degeneration.