Drug manufacturers will offer some $80 billion in prescription discounts for Medicare recipients under a deal unveiled on Saturday, which could boost President Barack Obama as he pushes to overhaul the $2.5 trillion U.S. healthcare system.
Powerhouse Hollywood director Michael Bay, who returns to theaters worldwide on Wednesday with a Transformers sequel, has blasted the marketing efforts of the film's studio, Paramount Pictures.
As an engineering student in the 1960s, Takeo Fukui picked the analysis of nitrogen dioxide emissions as his senior thesis with one goal in mind: joining Honda Motor to get a foothold in the world of motor racing.
A hunt by investors for a bright spot in the global economic downturn has led to the farm.
Activist investor Warren Lichtenstein got court approval on Friday to move forward with his controversial plan to convert hard-hit hedge fund Steel Partners II into a listed investment company.
After months of little U.S. action on trade, there are signs the issue could become more important for President Barack Obama, who heads to Italy in early July to meet with major trading partners.
Hollywood studio Paramount Pictures, which suffered the first big bomb of the summer last weekend with an Eddie Murphy comedy, has fired its top production executive after barely 18 months in the job.
Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.
The CEO of Singapore Airlines, the world's biggest by market value, will take a 20 percent pay cut as the carrier looks to cut costs after seeing profits battered by weak travel demand and volatile oil prices.
The Qatar Investment Authority could acquire more shares in ailing German sports car maker Porsche SE than previously thought, German magazine Focus said.
Shares of Assured Guaranty Ltd rose as much as 5 percent on heavy volumes Friday, a day after the bond insurer said it would not need backup funds from investor Wilbur Ross for a pending acquisition upon completion of its share offering.
HudBay Minerals plans to embark on an acquisition spree and is targeting companies valued as high as C$1 billion ($885 million), the base metals miner's chief executive said on Friday.
Germany's Volkswagen will have a positive result in the second quarter and would consider giving sports car maker Porsche a loan if asked, VW's chief financial officer Hans Dieter Poetsch said on Saturday.
Steve Jobs, the chief executive of Apple Inc, received a liver transplant about two months ago but is expected to return to work later this month, the Wall Street Journal reported on Saturday.
Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.
With apartments piling up on the market in Manhattan, isn't this the time to snap up the real estate equivalent of buying Champagne on a beer budget?
Venture capitalists said on Wednesday they should be exempt from President Obama's proposed changes in financial regulation, arguing they were not part of the problem.
A small group of General Motors Corp bondholders formally objected on Friday to the automaker's plans for a speedy sale of its assets in bankruptcy court, according to court documents.
German car maker Daimler is in advanced talks to buy a stake in sports car maker Porsche SE, German magazine manager magazin reported on Friday on its website, citing financial sources.
GlaxoSmithKline's chief executive acknowledged on Friday that overhauling its drug discovery machine had been traumatic but said turning back the clock on R&D was now delivering results.
Delinquencies on mortgages that underlie commercial mortgage-backed securities (CMBS) rose by $1.63 billion in May, pushed up in part by the bankruptcy of General Growth Properties Inc (GGWPQ.PK), according to rating agency Realpoint.
The global economic renaissance will remain in grave peril until banks and investors quit mourning the end of a long-dead real estate boom and face up to losses inflicted by years of reckless lending and spending.
Nestlé USA voluntarily recalled its Toll House refrigerated cookie dough on Friday after health officials linked the dough to infections from the bacteria E. coli in as many as 66 people in 28 states after eating the dough raw.
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China Unicom, one of China's top three mobile carriers, may be close to a deal that would see it become the exclusive seller of Apple's iPhones in China for two years, a Merrill Lynch analyst said.
Swiss-based Glencore's bumpy ride in credit markets may trigger it to raise equity, but a possible public listing is years away, bankers familiar with the commodity trader's thinking said.
As Glencore contemplates a leap into the great unknown of public ownership, it can take comfort from at least one notable peer that has thrived in the listed spotlight -- Asian trading house Noble Group.
Miner BHP Billiton will push for more acquisitions after sealing an iron ore venture with Rio Tinto, while funds from the deal and a linked rights issue could prompt Rio to dip its toes back into M&A.
Earlier this month China's car sales had surged on the back of generous government incentives and indeed has now passed the U.S. as the largest car market in the world.
Now if you are going to do stimulus, China shows us how to do it! As car sales jumped 47% year over year in May, the profits at auto makers fell 28%, and revenue dropped 11% for the first 4 months of the year
