Landry's Restaurants Inc. has canceled its $217.4 million deal to sell the company to Tilman Fertitta, -- the firm's Chairman and CEO -- on Monday due to unusual circumstances, involving two parts: the lenders and the U.S. Securities and Exchange Commission.
Toyota Motor Corp.'s next president will be Akio Toyoda, the grandson of the Japanese automakers' founder, a report from the Wall Street Journal said on Sunday quoting sources familiar with the matter.
Corporate India has welcomed the confidence-building measures taken by the Indian government over the weekend.
The future of 53,000-odd employees of beleaguered technology outsourcer Satyam Computer Services or Satyamites as they are popularly known is at stake following the sensational disclosure by the company's founder-chairman last week that he had fudged the company's accounts for several years to inflate profits by $1 billion.
U.S. drug maker Abbott Laboratories said today it will buy Advanced Medical Optics, a provider of technology for eye care in a $2.8 billion deal.
Reinforcing its online video presence, CBS is expected to announce on Monday a partnership with Metro-Goldwyn-Mayer Studios Inc., Sony Corp., PBS and Endemol USA to add various television series to its website TV.com.
Rick Wagoner, CEO of General Motors Corp, said Sunday that the company may seek further loans from the U.S. government at the North American International Auto Show in Detroit.
Ford Motor Co., the No. 2 US based automaker, announced on Sunday that it would collaborate with Magna International to introduce a small electric car in North America in 2011 as part of a plan to introduce electric, hybrid and plug-in hybrid vehicles over the next four years.
Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
Citigroup Inc and Morgan Stanley may announce a deal this week that could combine their brokerages to create a new company, the latest move in a financial services industry which has begun consolidating businesses wracked by heavy losses tied to mortgages, according to media reports.
Microsoft Corp. has begun handing out unlimited free license keys for the Windows 7 beta, after its license servers were unable to handle a huge surge in applications.
On Saturday, Indian police arrested the chief financial officer of embattled outsourcing giant Satyam Computer Services Ltd for his involvement in a major fraud scandal.
Citigroup announced that Robert Rubin has retired as Senior Counselor effective Friday and will finish out his term as a director on the company's board.
Satyam Computer Services Ltd. Chairman Ramalinga Raju was arrested on Friday by Indian authorities, two days after he resigned admitting he falsified the company's profits for several years for up to $1 billion fraud.
U.S. homebuilder Lennar Corp. responded to an accusation from the Fraud Discovery Institute Inc. lead by Barry Minkow calling him a convicted felon and saying his claims are false.
Russian state controlled oil firm OAO Gazprom could unblock its gas shipments to Europe Friday on the condition that a monitoring mission led by the EU tracks the gas flow through Ukrainian pipelines.
Lehman Brothers Holdings Inc. -- currently under bankruptcy court protection -- has reached a deal to sell its private equity unit to spin off into an independent firm, a source closed to the matter informed according to Reuters, Bloomberg and the Wall Street Journal.
Bernard Madoff ordered the transfer of £100 Million ($150M)from his UK company to his US firm weeks before he confessed of a $50 billion fraud.
US banking giant Citigroup said it had 1.4 billion dollars in direct exposure to Netherlands-based chemical giant LyondellBasell.
India's Satyam Computer is dealing with a crisis of unimaginable proportions, Ram Mynampati its interim chief executive said Thursday, but the software giant confirms it is focusing on the sustenance of its operations.
Bernard Madoff had 100 signed checks worth $173 million in his office desk and was ready to send them to family members last month, prosecutors said, Thursday.
Department-Store operator Macy's Inc. said today it is closing 11 stores in nine U.S. states amid lower than expected profits and declining sales.
MGA Entertainment Inc.'s can continue to make and sell its Bratz dolls through 2009, a federal judge ruled Wednesday.
Mumbai - The market reacted with shock, Wednesday, after the promoters of beleaguered technology outsourcer Satyam Computer Services admitted to cooking up its books to the tune of $ 1 billion.
Ukraine has set its conditions with natural gas chief saying if Russia will provide more extra Gas to Ukraine it will allow Russia to send the fuel back into the freezing European Union.
Bankrupt department store chain Woolworths, a stalwart of British retailing for 100 years, turned out the lights at the final 200 of its 807 shops on Tuesday.
Wal-Mart Inc., the world's top retail chain, said on Thursday its fourth-quarter profit will miss earlier forecasts due to slower sales, the impact of a strong dollar on its international business and litigation costs.
Verizon Communications Inc. selected Microsoft Corp. as its partner to provide Internet services to customers concluding months of speculation.
Sony unveiled the VAIO P Series Lifestyle PC, boasting that it is the world's lightest notebook with an 8-inch screen and weighing just 1.4 pounds at the Consumer Electronics Show in Las Vegas Wednesday.
Major retailers reported dismal monthly sales for December on Thursday, with Wal-Mart Inc, the nation's biggest retailer, showing a disappointing 1.7 percent rise in December sales at its US stores open at least a year and cut its quarterly earnings outlook.
