Kraft Plans to Split: Will Create Two 'Distinct' Publicly Traded Companies
Kraft aims to split its company into two distinct businesses. The company said the move could occur by the end of this year.
Serial Killer Sowell's Mother Whipped Him Naked with Electrical Chords
Anthony Sowell, an Ohio sex offender, convicted of the murder of 11 women, was subjected to violent physical abuse as a child. Sowell's niece, Leona Davis, 50, who had spent her childhood with the convict's family following her mother's death, described the harrowing experiences she and Sowell had undergone as children, during a testimony in the court.
Australians expect property declines
A growing number of Australians expect property prices to fall over the next year, a new survey has found.
Southwest Airlines: Can it Overcome Higher Fuel Costs?
Airlines are expected to see a drop in profit for the first time since 2009, according to the International Air Transport Association, which serves as an intriguing lead-in into Southwest Airline's earnings report on Thursday.
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Holiday 4 UK Travel Agency Goes Bust, Strands Thousands
The British tour operator closes its doors, leaving 12,000 vacationers stranded and scrambling for alternative travel plans.
Bloom Energy attracts data center operators in Cali
Silicon Valley?s fuel cell maker Bloom Energy continues to add customers looking to power part of their data center operations with distributed, cleaner power in California. On Thursday, the U.S. division of Japanese telecom giant NTT, NTT America, said it will install five Bloom fuel cells at one of its data center facilities in San Jose, Calif.
Apple Makes Deal With China Telecom to Sell iPhone 5: Report
Apple has made a preliminary deal with China Telecom to sell the iPhone 5 and a lower priced version of the iPhone 4 in China, according to a report.
CBS News chief hopes to lure in viewers with new anchor
CBS News chairman Jeff Fager said Wednesday that he hopes viewers who tuned out from "CBS Evening News" during the Katie Couric years are being lured back by Scott Pelley.
BrightSource to offer solar-plant energy storage
BrightSource Energy Inc on Tuesday said it was now able to store the energy its solar thermal power plants produce, allowing them to function during after the sun sets.
Lionsgate sues insurance company for $8 million
Lionsgate Entertainment has spent some $10 million defending itself against claims by Carl Icahn -- but its insurance company has only reimbursed it for $2 million of that.
Dunkin' Donuts, Baskin-Robbins eye price increases
Dunkin' Brands Group Inc said on Wednesday its franchisees are raising prices at Dunkin' Donuts and Baskin-Robbins stores to help cover the higher costs of key ingredients such as coffee and milk.
K-Swiss Earnings: Will Kenny Powers Ads Lead to Profit?
At one time K-Swiss was known as a conservative white tennis shoemaker, but that all changed when it hired fictional athlete Kenny Powers as its spokesman.
HSBC to Hire 15,000 People in Emerging Markets Over Next 3 Years
The move is a part of the bank?s comprehensive plan to refocus its operations in profitable areas and away from stagnating business lines in the developed world.
Essar to invest up to $4 bln in Zimbabwe steel plant
Indian conglomerate Essar plans to spend up to $4 billion constructing a plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years, Industry and Commerce Minister Welshman Ncube said on Wednesday.
Economy Woes Hit Wall Street; S&P at New Low for Year
Stocks fell on Wednesday, and the S&P 500 hit a new low for the year as the latest data triggered more pessimism about the economy's outlook.
Can New BlackBerry Smartphones Compete With iPhone 5? One Survey Says No
RIM has released five new BlackBerry 7 smartphones, but one analyst says his survey shows more consumers want Apple's iPhone.
Dunkin' Sweet Turns Sour: Stock Drops After Earnings
Dunkin' Brands posted a 1 percent decline in second quarter earnings on Wednesday, despite international and same-store sales increases.
Comcast Earnings Rise; Benefiting from NBCUniversal Acquisition
Second-quarter earnings rose at Comcast and the company is "pulling all the right levers," said one analyst. Comcast is benefiting from its purchase of NBCUniversal earlier this year.
Google+ Becomes Fastest Growing Web Site Ever; But Can it Catch Facebook?
Google+ has become the fastest growing Web site ever. But can it catch Facebook?
Facebook Buys Push Pop Press; Digital Book Publisher
Facebook has purchased Push Pop Press, the digital book publisher. But the founders of Push Pop Press say the move is not a sign that Facebook will enter the digital book publishing business.
Stocks negative on the year, gold hits record
Major stock indexes around the world lost all of their gains on the year and gold hit a record on Tuesday after a deal to raise the U.S. debt ceiling gave no comfort to investors preoccupied with sluggish global growth.
US STOCKS-Massive rout spells trouble for Wall Street
The S&P 500 turned negative for the year on Tuesday as the wrangling over the U.S. debt ceiling faded and investors turned their attention to the stalling economy.
Disclosure 'surprise' catches lenders
Lenders may be caught out by a technicality in the freshly drafted disclosure regime, requiring them to publish mortgage manager rates.
Choice furore 'storm in a teacup'
The furore over consumer group Choice's mortgage switching campaign may be a "storm in a teacup" according to one broker.
As Apple Sales Rise, Tech Support Quality Slipping: Survey
Apple's sales are rising, but one survey suggests the company's tech support quality is dropping.
Katharine Hepburn?s Home for Sale - Perfect for Classic Hollywood Fan
If you'd like to own a high-value memento of Hollywood royalty, you'll have an opportunity: the Connecticut shoreline home of legendary actress Katharine Hepburn is up for sale.
Dunkin' Donuts Earnings: Will Investors Find a Sweet Result?
Dunkin? Brands has seen its ups and downs over the past week -- so what should we expect when it announces its earnings report on Wednesday?
S.Africa pushes Wal-Mart for Massmart deal concessions
South Africa said it would push Wal-Mart to rejig the conditions of its $2.4 billion Massmart deal, as Pretoria looks to wring bigger concessions from the world's top retailer.
Google's EU Antitrust Probe Could Hurt Growth, Pocketbook, Reputation
The EU's antitrust probe of Google could hurt it growth, finances and its reputation.
Facebook Buys Push Pop Press; Not Sign Social Network Giant Moving Into Digital Book Publishing, Founders Say
Facebook has acquired digital book publishing Push Pop Press. The move is not a sign that Facebook is moving into digital book publishing, Push Pop Press co-founders say.
Skype for iPad Released, Becomes Top Free App; Reviews Postive
Skype for the iPad is now available. The app became a Top Free App at Apple's App Store.
Small business borrowing jumps: PayNet
Borrowing by small businesses jumped in June to the highest level in more than three years, a sign that a so-far elusive resurgence in economic growth may be around the corner.
Skype's iPad App Getting Strong Reviews
Skype's iPad app launched Tuesday to strong user reviews.
Chevrolet Pulse Beating Strong; Cruze Hot, 2012 Sonic Coming Soon
Sales rose almost eight percent for Chevrolet in July, as the company benefits from the fuel-efficient Cruze and other new products. The 2012 subcompact Sonic is due to arrive in dealer showrooms in October.
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