Facebook shares are hot, but they're starting to behave like publicly-traded shares, which has attracted the scrutiny of the SEC.
New York subway passengers, who were stranded for seven hours on the A train when the city was hit by a snowstorm on Dec. 26, are planning to sue the Metropolitan Transportation Authority (MTA).
The number of U.S. consumers who filed petitions for personal bankruptcy protection grew 9 percent to 1.53 million in 2010 and this could rise as consumers struggle with excess debt in an uncertain economy, according to the American Bankruptcy Institute (ABI), an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center (NBKRC).
With the U.S. market promising little growth in 2011, law firms are looking at emerging markets in Asia and South America for spurring their expansion.
Former Shell Oil CEO John Hofmeister's prediction a fortnight ago that retail gasoline prices would hit $5 per gallon by 2015 has gone viral since then, drawing attention largely on the U.S. drilling policies but also spooking consumers and polarizing analysts in the process.
Amazon announced that its Kindle apps will now be available for Android and Windows based tablets as part of its Buy Once, Read Everywhere strategy.
Qualcomm Inc. agreed to purchase chip maker Atheros Communications for $45 per share, or a total of about $3.2-billion.
Reports had stated that Microsoft will showcase a slew of tablets running on Windows 7 and Windows 8 manufactured by Dell and Samsung at CES 2011, and part of the forecast has come true, as a UK-based AHX Global launched a Windows-based iTablet.
India’s well-known cricketer Anil Kumble is now turning a sports entrepreneur and is floating his own start-up venture called Tenvic that will focus on providing for sports education and training in mainstream schools across the country.
Auriga's previous valuation model had suggested that Sprint’s spectrum was worth $7 billion based on older auction sales of spectrum by the U.S. Government, while the updated model suggests a valuation closer to $9 billion.
Nissan North America, Inc today reported record December U.S. sales of 93,730 units versus 73,404 units a year earlier, an increase of 27.7 percent. Nissan Division sales were up 26.3 percent for the month, also a December best. Sales of Infiniti vehicles rose 37.3 percent over the prior year.
Volkswagen of America, Inc. today reported that December sales marked a 17 percent increase over prior year sales for the entire line of vehicles.
The German luxury carmaker BMW Group in the U.S. reported December sales of 27,600 vehicles, an increase of 16.9 percent from the 23,617 vehicles sold in the same month a year ago. For 2010, the BMW Group in the U.S. reported total sales of 265,757 vehicles, up 9.9 percent compared to the 241,727 vehicles sold in 2009.
American Honda Motor Co, today reported December monthly new vehicle sales of 129,616, an increase of 25.5 percent. American Honda's 2010 annual vehicle sales totaled 1,230,480, an increase of 7.6 percent compared to 2009 results.
The Japanese motor major Honda Motor Company in Japan has put an estimated 2.2 million customers in the U.S. on a security breach alert after a database containing information on the owners and their cars was hacked, according to reports.
Acura sales for 2010 totaled 133,606, up 27.2 percent compared to 2009. Strong December results for MDX and TSX helped Acura achieves 15,489 sales, a 51.9 percent increase compared to December 2009 sales, and the 11th straight month of double-digit sales increases for Acura.
Mazda North American Operations (MNAO) today reported December 2010 sales of 21,479, up 17.7 percent versus December 2009 while year-to-date 2010 sales came in at 229,566, up 10.5 percent versus 2009. There were 27 selling days in December 2010 compared to 28 in December 2009, and 308 selling days in 2010 compared to 310 in 2009.
Retailing giant Wal-Mart Stores (NYSE: WMT) may be seeking to establish a foothold in New York City, according to a report on the NY1 news station.
Richmond, Va.-based law firm LeClairRyan has poached on at least 15 Nixon Peabody lawyers, including 5 partners, who will focus on expand upon the firm's capabilities in intellectual property, bankruptcy and commercial litigation practices in the newly established Rochester, N.Y. office.
Attorney General Eric Holder has named Gary G. Grindler as the new chief of staff to the Attorney General.
Japanese researchers at the Kyoto University have broken the rare earth import jinx as they have created a new alloy which resembles rare metal palladium, bringing a sigh of relief to countries depending on Chinese exports of rare earth metals.
The huge floods sweeping across northeast Australia could have a significantly negative impact on the global steel industry.
Chairman of Tata Motors, Ratan Tata has reportedly invested $15 million on a research project, which aims at assessing the feasibility of water as fuel.
Following the explosion onboard Russian aircraft Tu-154B in Serbia on Saturday, the country’s Federal Transport Overseeing Service, Rostransnadzor, has asked airlines to ban services of the passenger jet until the causes of the explosion are known.
Google and Apple are slugging it out in the publishing domain as they up their ante to woo publishers, who are still emerging from the recessionary shock and are looking for a viable digital content related business model.
The Seoul Metropolitan Government announced that it has started commercial operation of eco-friendly full-size electric buses on the Mt. Namsan circular routes, Seoul Metropolitan Government said in a statement.
Toyota Kirloskar Motors India has announced that bookings for the Fortuner will reopen on Jan 1 2011. The bookings were last reopened in July 2010 for a period of one month.
A new device brings finding nuclear contamination into the digital age.
Detroit-based non-profit healthcare service provider Detroit Medical Center (DMC) has agreed to pay the federal government $30 million penalty to settle allegations that it violated the False Claims Act, the Anti-Kickback Statute and the Stark Statute by involving in improper financial relationships with referring physicians, according to a statement from the U.S. Department of Justice (DOJ).
A California-based former consultant for an expert networking and an investment advisory firm, Primary Global Research LLC, has been arrested by the federal authorities on charges related to her involvement in an insider trading scheme and has been detained for the New Year weekend.
