Societe Generale said on Friday that Bear Stearns executive Michel Peretie will become the French bank's Corporate & Investment banking unit in the third quarter of this year.
U.S. air travelers experienced immense frustration over the past 12 months causing air travelers to make about 41 million fewer trips and has cost the national economy $26 billion, according to a survey from the Travel Industry Association.
An anticoagulant drug developed by Bayer AG and Johnson & Johnson showed superior efficacy in preventing blood clots in patients who had an orthopedic surgery in a Phase III trial study, Bayer reported on Friday.
Despite a profit warning from Ford last week, billionaire investor Kirk Kerkorian is solidifying his offer to buy more shares of the American car maker.
The following is the text of a message sent from W. Douglas Parker, the chief executive at US Airways, on Friday to airline employees.
Tiffany & Co., the world's second- largest luxury-jewelry retailer, said Friday its first-quarter net income rose a higher-than-expected 19 percent on stronger demand from Europe and Asia which helped make up for weaker sales in the U.S.
Plans to merge UAL Corp.'s United Airlines and US Airways Group Inc. will not happen at this time, UAL's CEO told employees on Friday.
Bristol-Myers will acquire Kosan Biosciences Inc. a cancer therapeutics company for $5.50 per share in cash, the companies announced on Thursday.
The Federal Trade Commission conferred Triarc Companies Inc, franchisor of the Arby's restaurant system, antitrust approval to buy Wendy's Reuters reported.
An AIDS healthcare foundation urged Merck executives to change the company's pricing and access policies as it announced a new campaign in advertisement that criticizes an increase of up to six times the price of its AIDS drug Stocrin in Mexico and other middle-income countries.
Merck & Co. won two cases related to its painkiller Vioxx on Thursday after two appeals courts in Texas and New Jersey, reversed verdicts against the company for damages and death in patients who took the drug.
BP Plc refused a demand from its partners to oust the chief executive of its TNK-BP Ltd joint venture in Russia, according to a report.
Hutchison Telecommunications International Ltd. Announced Thursday it has sealed a deal with Apple Inc. to offer the popular iPhone in Hong Kong and Macau later this year.
Retailer J.Crew Group Inc reported a better than expected 24 percent rise in first quarter profit but lowered its full-year profit estimates, sending its shares lower.
Dell Inc, the world's second largest personal computer maker, said its profit and sales grew in its first quarter citing stronger consumer demand and lower operating costs and beat Wall Street's expectations.
After six weeks of voting, Delta Air Lines flight attendants failed to gather enough votes to join the Association of Flight Attendants, or AFA, a national labor union.
Sears Holding Corp. reported a surprise loss in its second quarter on Thursday, saying it lost $56 million in the first quarter and fell far short of Wall Street forecasts.
Costco Wholesale Corp., the largest U.S. warehouse club operator, said Thursday its third-quarter profit climbed 32 percent to beat expectations, as discounts on gasoline and food lured shoppers to its stores.
Bear Stearn's Cos. shareholders on Thursday gave their approval to sell the investment bank to rival JPMorgan Chase & Co. for about $2.2 billion.
BSS Group Plc said on Wednesday that its pre-tax profit for the year ended 31 March 2008 had risen 23.3 per cent to £58.3 million, with revenue up 27.4 per cent to £1,289.0 million.
Burberry Plc said on Wednesday that its profits had risen 14 per cent to £206.2 million in the full year to 31 March 2008. The fashion retailer also said that total revenue had risen 18 per cent to £995 million.
On Wednesday the Italian firm Generali said that it would not be bidding for the insurance arm of Royal Bank of Scotland. The news came just a few hours before the first bid deadline for the asset.
Bank of America Corp. plans to raise its stake in China Construction Bank Corp. by exercising part of an option, to boost its stake to 10.75 percent from 8.5 percent, the Chinese bank said on Wednesday.
GOME Electrical Appliances Holding Ltd, China's largest electronics retailer by revenue, posted net profit in first quarter nearly three times higher than the year earlier thanks to stronger margins and sales in new stores.
Merck & Co. reported a Phase III trial which studies odanacatib for the treatment of osteoporosis in postmenopausal woman is underway which will include tests for breast and prostate cancer.
Digital video recorder company Tivo reported better than expected earnings for its first quarter on Wednesday on its mass distribution strategy and management of subscription acquisition costs.
The Medicines Company said on a press release on Wednesday that it received a not approvable letter from U.S. regulators on a supplemental New Drug Application for an additional dosing regimen for Angiomax in the treatment of acute coronary syndromes.
United Airlines' merger talks with US Airways have faltered and a deal is not expected anytime soon, say people close to the carriers, pushing the Chicago-based carrier to turn its focus to other strategic alternatives.
Exxon Mobil chairman and CEO Rex Tillerson will hold to both of his titles after shareholders rejected a plan backed by some members of the Rockefeller family to split the chairman and chief executive roles.
Dow Chemical Co., the top chemical maker in the United States, reported on Wednesday it will raise the price of all its products by 20 percent citing high energy, raw materials and transportation costs.
