COMPANIES

The genius behind Apple's successful retail venture will head to JC Penny in an attempt to recreate the magic at the ailing department store.

Oakland-based Internet radio company Pandora Media Inc.'s $16 IPO share price has left the market wondering whether the shares are overvalued or not.

Ron Johnson, after his 11-year career as senior vice president at Apple Inc., will take over as CEO at J.C. Penney Co. November this year.

Journalist and labor organizer Jonathan Tasini filed a $105 million class action lawsuit against The Huffington Post, a website founded by Arianna Huffington for which Tasini wrote. Now four new plaintiffs have been added to the growing class action lawsuit that claims The Huffington Post's writers deserve to be paid.

General Motors will invest $20 million in machinery and equipment for its Fairfax Assembly plant to add future technologies and improvements of the Buick LaCrosse including eAssist of a light electrification technology that will boost highway fuel economy by 25 percent over the current model.

General Motors will invest $47 million in its Defiance Powertrain plant Ohio to purchase tooling and equipment to increase volume of components for the fuel-efficient Ecotec 1.4L engine.

General Motors Ventures LLC will invest $6 million in zero-emission commercial transit bus maker Proterra, the company said in a statement on Monday.

These transparent planes would actually make people want to go up in the sky to have a clear look at the world and beyond. Planemakers Airbus unveiled, in London, the transparent beauties we will be flying in 40 years from now, complete with see-through aircraft cabin, 'intelligent' cabin wall membranes and interactive games. Though the idea has been announced to the world back in September 2010, the aircraft makers have now come up with a blue-print

Fast-food chain Wendy's said Monday that it will sell a majority stake in Arby's to a private equity group, Roark Group. Wendy's will keep an 18.5 percent stake.

Is it only in Bill Gate's mind that the Facebook founder has changed his status from in a relationship to engaged? Former Microsoft CEO Bill Gates has accidentally slipped a word that suggests the engagement of Facebook CEO Mark Zuckerberg with his long-time girlfriend Priscilla Chan.

Odyssey Space Research announced that it will ship two iPhone 4s to the U.S. National Laboratory on the International Space Station (ISS).

German luxury carmaker BMW Group will invest 500 million pounds in its UK production network over the next 3 years.

Ford Motors has been ordered by Ohio Court to pay $2 billion to more than 3,000 US truck dealers for overcharging them.

It wasn't a record breaking box office weekend for famed director Steven Spielberg, who is playing the role of producer in this week's number one box office movie.

The failed launch of a perfume in memory of pop icon Michael Jackson caused a stench this week, as his father Joe Jackson distanced himself from a Frenchman behind the deal, and a lawsuit disputed their rights.

An unusual demonstration took place in the L.A. headquarters of Mattel, the American toy company that manufactures the famous Barbie doll, with members of the environmental group 'Green Peace' protesting against the wrapping of the Barbie doll that, allegedly, is linked to the destruction of tropical rain forests.

The Dow Jones Industrial Average fell below 12000 points on Friday, threatening to bring the stock market to a sixth consecutive week of losses. It would be the longest such slump since 2002.

A four-year-old patent dispute ended in Microsoft's defeat. The international tech giant now owes $290 million to a small Canadian firm.

The National Oceanic and Atmospheric Administration (NOAA) has selected Google Apps as the agency-wide e-mail and collaboration platform for its 25,000 employees, contractors and associates working across the country and around the world.

Ford Motors said on Thursday it plans to triple its electrified vehicle production capacity to more than 100,000 annually by 2013.

Borders, a bookseller currently in the midst of bankruptcy hearings, said its lenders want an additional 51 stores closed.

In the past few months, hackers have enjoyed a swelling of fame while their hits have suffered hurt customer credibility and financial loss. Now it's Citibank's turn.

The Senate decided yesterday to avoid delaying the 80 percent cut in debit card swipe fees, a move that could help consumers when shopping. But banking customers could suffer as banks look to make up for the lost revenue.

Citigroup does not know how the computer breach revealed Thursday which affected hundreds of thousands of its credit card customers took place, but such an event fell in line with a risk the company outlined to shareholders in its publicly available annual report in March.

French holding company, LVMH, allows public to come watch production.

Renting a car doesn't have to be so expensive. Use these 10 tips to save time and money on your next trip!

A hacking attack of around 210,000 customers in Citibank accounts happened in May, but a belated alert finally reached customers Wednesday, when Citigroup admitted the breach.

Apple's loss seems to be Android's gains as reports from U.S. wireless carriers emerged that the iPhone slayer Samsung Galaxy S II is due to hit the shelves in July.

Citigroup confirmed a security breach at Citi Account Online, which was discovered by the authorities recently during a routine monitoring. The names, account numbers and contact information, including email addresses of the customers have been compromised. More critical information like date of birth, social security numbers, card expiration date and card security code (CVV) have not been accessed by the hackers, Citi said.