COMPANIES

Struggling homebuilder Standard Pacific Corp. received a vote of confidence in the form of a $530 million investment from private equity group MatlinPatterson Global Advisers LLC on Tuesday, sending its shares up nearly 50 percent.

Google claims that Viacom's $1 billion copyright infringement suit against the You Tube video service threatens legitimate communication across the Internet.

Bank of America Corp will exercise a $1.86 billion option to buy additional shares of China Construction Bank Corp.

Vodafone Group's chief executive Arun Sarin, saying he has achieved what he set out to do when he took the position five years ago, is retiring to be replaced by deputy chief executive Vittorio Colao.

Publishing company, Future Plc, said on Friday that it's pre-tax profit for the half year ended 31 March 2008 increased 17 per cent.

Shares in business class-airline Silverjet were suspended on Friday by the London Stock Exchange.

According to a new report the rogue trader at the centre of the trading scandal which cost Societe Generale 4.9 billion euros, may hay have had help from another trader.

AMR Corp.'s American Airlines, UAL Corp.'s United Airlines and Delta Air Lines Inc. raised fares in the U.S. by up to $60 as the airline industry continues to struggle with soaring oil jet-fuel costs.

Have you ever wished that doctor would appear in a blink of an eye without having to wait or spend thousands of dollars? A new project launched today in Miami offers video medical consultations for $40 with webcams available through MDWebLive.com.

Kimberly-Clark Corp, the maker of Kleenex facial tissue and Huggies diapers, said on Friday that it plans to raise prices in the U.S. for its baby, childcare and consumer tissue products.

Hong Kong based Wing Lung Bank Ltd. has picked China Merchants Bank Co. as its preferred bidder after the Wu's family announced to sell its whole 53 percent stake.

General Motors Corp. shares fell almost 5 percent on Friday after the automaker said the three-month strike by the United Auto Workers at American Axle & Manufacturing Holdings AXL is expected to cost $1.8 billion after leaving production.

Will it, won't it? If so, when? If not, why not? An entire cottage industry of speculation has built up around the public debut of Facebook

As oil prices surge, a new risk looms for Detroit: the future may be slipping out of its control.

Jerome Kerviel, the former trader at French bank Societe Generale accused of making unauthorized trades that cost the firm billions of euros may have been helped by someone inside the company, according to a report released today.

GTx Inc. said on Friday its prostate cancer treatment will continue the late stage of its clinical trial as it did not bear the results that were expected. Shares of the company slumped.

Wyeth said on Friday that U.S. regulators addressed an approvable letter seeking for more information about its osteoporosis drug, delaying the approval of the treatment.

Time Warner and a General Electric Co's NBC Universal partnership with the Blackstone Group are the lead contenders in today's round-two of the Weather Channel auction, according to media reports.

European beer maker InBev NV, which owns the Becks and Stella Artois brands, is preparing a $46 billion buyout offer for American rival Anheuser-Busch Cos., the owner of the Budweiser brand, according to a report.

As the airline industry continues to lag, Standard & Poor's Ratings Services hit the industry's latest blow on Thursday by placing nine major domestic airlines on CreditWatch with negative implications as they face due to record high jet fuel costs.

Mesa Air Lines said Thursday it may seek bankruptcy protection if a fails to stop Delta Air Lines from moving ahead with a plan to cancel a service contract.

Medtronic Inc. made an agreement of $75 million to settle allegations from the Justice Department that its Medtronic Spine LLC department caused hospitals to submit false claims to Medicare.

News Corp. owner Rupert Murdoch is moving his 6-month old Wall Street Journal from Manhattan's financial district to midtown where the company's headquarters are located at 1211 Sixth Avenue.

WellCare Health Plans Inc. said on Thursday it cut 208 jobs or about 5 percent of its work force after completing a comprehensive review of its business, the company reported.

Oak Brook, Ill-based McDonald's Corp. said Thursday it's making the menu healthier and will uphold its Dollar Menu in spite of a tough economy.

Barnes & Noble lowered its sales outlook for the year but reaffirmed its profit expectations based on lower than expected first quarter sales results and the overall retail environment.

Ford Motor Co. on Thursday said it is extremely unlikely meet its previous goal of regaining full year profitability in 2009.

General Electric Co. chief executive Jeffrey Immelt says the company is considering spinning off its appliances unit instead of selling it.

Power company NRG Energy Inc has made an unsolicited bid to buy competitor Calpine Corp, the U.S. power producer that exited bankruptcy protection on January 31, for about $11 billion in stock, the companies said on Wednesday.