COMPANIES

The bankruptcy trustee for Scott Rothstein's defunct law firm has reached a tentative settlement with American Express, the card that was used to fuel Rothstein's and his wife's luxurious lifestyle, that will help the victims of the high-profile lawyer's $1.2 billion Ponzi scheme recoup some of their losses.

Givenchy has filed a federal lawsuit against BCBG in California district alleging that their Nightingale bag has been copied and sold by BCBG as their Rembrandt bag, which results in trade infringement. The Givenchchy bag retailed for $2,175 whereas BCBG sold their bag for $118.

FaceMash.com, a website made by Facebook founder Mark Zuckerberg during his student days at Harvard University that landed him in trouble, was sold at an auction last week for slightly more than $30,000.

While customers wait with baited breath for the launch of Apple's iPad sequel, the iPad 2.0 or the next version of iPad, other tablet makers are experiencing jitters, anticipating lower tablet sales, courtesy the new iPad.

Deutsche Bank, which has $32 price target on Targacept, said late stage trial of the biopharmaceutical company's lead compound, TC-5214, to treat major depressive disorder will be positive in late 2011.

UK's RM Plc, a provider of education services, reported double digit revenue and profit growth in 2010, and it lifted its full year dividend by 8 percent to 6.64 pence.

Federal prosecutors in New York, the FBI, and the SEC are capping a three-year colossal insider trader investigation involving expert networks.

Luxury car maker Land Rover has rolled out the five-door version of the new Range Rover Evoque at the Los Angeles Auto show.

Sweden car maker Volvo is recalling 416 vehicles from model years 2000-2010 equipped with Garmin Nuvi 760 and 765 portable GPS navigation units as it has been found that the batteries can overheat and lead to a fire.

Nissan Motor co has revealed the concept of its hybrid model Ellure. A vehicle that embraces its sedan-ness with a more traditional profile and a modified hybrid drive system that features components from Nissan's luxury-branded Infiniti M45h.

Advanced biofuels, solar thermal power and solar photovoltaic's are all on a path to being cost-competitive with fossil fuels, a new study by the Boston Consulting Group (BCG) notes, before asserting that the future of alternative energy is arriving faster than you might think.

Toyota motors will upgrade engine assembly lines worldwide to cut output cost and make even the smaller assembling units profitable, the Nikkei daily report said.

General Motors-owned Chevrolet, will invest $40 million in various clean energy projects throughout America with a goal to reduce 8 million metric tons of carbon dioxide emissions.

The researchers are investigating how small sensors carried by members of the public, in items such as next generation smartphones, could communicate with each other to create potentially vast body-to-body networks (BBNs).

The jury deliberation on the fate of Ingmar Guandique, who has been charged with murdering federal intern Chandra Levy, has entered its third day and a verdict is expected soon.

Adam Baker, father of the disabled 10-year old girl Zahra Baker whose disappearance and confirmed death has shocked the people of North Carolina, has vehemently denied that he has anything to do with her death or dismemberment.

A former Ford Motor Company product engineer, who has pleaded guilty to two counts of stealing trade secrets in a federal court, is likely to face six years prison term.

IBM unveiled its new storage architecture that doubles the analytics processing speed specifically suited for cloud computing and data intensive workloads.

DLA Piper, one of the largest global law firms in terms of lawyers, is laying off an unspecified number of support staffers in the U.S. to right size its operations.

Premier League club Blackburn Rovers have been taken over by the Indian company Venky's for £23m

The battle for the Christmas shopping pie has hardened between retail behemoths and online shopping firms, with most retailers coming up with shopper-friendly offers to lure holiday customers.

A patent filing by Apple for a technology that uses carbon fiber material for electronic devices could be an attempt by Apple to make lighter iPads.

News Corp's. MySpace has turned to the primary cause of its nemesis Facebook, to draw sustenance or content from its rival to enrich its users' profile.

Kia Motors has unveiled its first ever first-ever 2011 Kia Optima Hybrid for US market at the Los Angeles Auto Show on Thursday.

Toyota Motors plans to launch 11 new hybrid models by the end of 2012, in an effort aimed at limiting oil consumption and reducing carbon dioxide emissions through the use of electricity and other alternative energies.

Dell has put an end to its much-touted hybrid tablet wait; the 10-inch Inspiron Duo is up for grabs at $549.

British pubs group Fuller Smith & Turner reported a 11 percent rise in its first half pretax profits as occupancy improved and food sales grew strongly at its Managed Pubs and Hotels segment.

Jaguar has unveiled a electric concept car that can run 900 kms to a charge with a top speed of 320 kms per hour. Christened C-X75, it has been created to celebrate 75 years of the company.

Nearly two-third of American drivers support a national ban on the use of mobile phones while driving, even if the driver is using a hands-free device, according to Quinnipiac University National Poll released on Thursday.