COMPANIES

Intel Corp., the world's biggest chip maker, said on Thursday its fourth quarter net income plunged 90 percent.

General Motors Corp. reduced its vehicle sales forecast on 2009 Thursday citing ongoing uncertainty of global market conditions.

Ford Motor Company began the production of the Fiesta car in China, a fuel-efficient and low-cost model which the firm aims to introduce to the world through 2010.

New York Attorney General Andrew Cuomo sent subpoenas to three funds run by J. Ezra Merkin and to 15 nonprofit entities for an alleged fraud related to the $50 billion scandal of Bernard Madoff.

Eli Lilly & Co. pleaded guilty of illegally marketing its drug Zyprexa years ago and reached a deal to pay $1.42 billion to settle civil lawsuits brought by the Justice Department.

As Virgin Megastores will be shutting its largest location at Times square this April, popular Forever 21 will replace.

After Yahoo Inc. announced Carol Bratz as its new Chief Executive Officer Tuesday, speculation emerged that a partnership between Microsoft and Yahoo could take place this time.

Despite the boom in internet audiences and video-games sales, CBS said on Wednesday that broadcast television is still a viable business.

Bank of America Corp requesting additional capital from the U.S. Government, according to people familiar with the situation quoted by reports today. The aid will help absorb losses related to the purchase of Merrill Lynch last month, a sale which the government favored to prevent further turmoil in the financial system.

JP Morgan Chase which was expected to break even or report a small loss in the fourth quarter said Thursday its profit plunged 76 percent.

The future of Nortel Networks Corp. the Canadian maker of telecom equipment that once boasted a market capitalization of about $250 billion seems uncertain amid questions that the company will break up and sell its parts.

The expectation of a quarterly loss of 4.8 billion euro or $6.3 billion means Deutsche Bank will also mark its first full year loss in 50 years.

In the eyes of Jamie Dimon, JP Morgan Chase Chief Executive Officer, the worst of the economic crisis has not come yet, predicting the financial sector will see more problems with consumer loans and credit cards, he said in an interview with the Financial Times.

New Nissan 370 is making great waves as the fastest sports car and has 332 Horse power, with a bigger engine will get into production this month.

Royal Bank Scotland Plc confirmed in a statement on Wednesday it sold its stake in Bank of China Ltd.sending shares of the Chinese bank up in Hong Kong.

Chrysler LLC denied on Wednesday it is selling plants or any of its three brands --which include Jeep and Dodge -- to the joint Renault SA-Nissan.But, LaSorda said Chrysler might sell tooling for car models it no longer produces.

At a time when the World Bank appears to be on a banning frenzy, Tata Consultancy Services (TCS) has pulled off the impossible by bagging direct contracts from the global anti-poverty agency.

Germany's biggest bank Deutsche Bank AG reported on Monday it estimates a loss of 4.8 billion euro or $6.4 billion on the fourth quarter on what it called exceptional market conditions which impacted sales and trading businesses.

Nortel Networks Corp., North America's biggest maker of telephone equipment filed for bankruptcy protection as it faced a drop in orders from telecom companies amid the global economic crisis.

Bernard Madoff, 70, accused of a $50 billion fraud is expected to attend a Manhattan Federal Court on Wednesday for a hearing of U.S. prosecutors who seek his imprisonment.

Yahoo! Inc. has appointed Carol Bartz as its new Chief Executive Officer on Tuesday and reactions from analysts are seeing the move as safe but concerned on her experience in key areas Yahoo is involved.

Yahoo announced that Carol Bartz has accepted offer to become next CEO of the company. The move marks the end of the 2-month search for the new Executive to replace current CEO and co-founder Jerry Yang.

The company is splitting to ultimately reduce its overall mission to two areas only: wholesale banking for large corporate clients and retail banking, according to the Wall Street Journal

Yahoo is expected to announce that Carol Bartz has accepted offer to become next CEO of the company, people familiar with the situation said, according to the Wall Street Journal.

Leaders of the retail industry discussed on Monday, innovative and creative ways to approach their customers as consumer spending is shrinked by the economic downturn.

India ordered the Serious Fraud Investigation Office to investigate regulations at Satyam Computer Services Ltd, Prem Chand Gupta, minister for company affairs said in New Delhi today.

Beleaguered technology outsourcer Satyam Computer Services risks losing both clients and employees, market analysts have warned.

The Federal Deposit Insurance Corp on Monday urged more than five thousand banks to disclose the way they are using the money from the $700 billion stimulus package.

BP Plc had about $20 million worth of diesel fuel stolen at its distribution plant on a Harbor Island distribution center in Seattle, according to police.