Wachovia Corp., the fourth largest U.S. bank, said on Thursday that it is separating the roles of Chairman and CEO, with Ken Thompson retaining his chief executive role and board member Lanty Smith now serving as non-executive Chairman, effective immediately
Stryker Corp. said today it will invest $50 million in 2008 to improve its quality systems and compliance at the time it deals with three warni
Mylan Inc. manufacturer of generic pharmaceutical products said on Thursday an extended first quarter loss and a large increase on its revenue triggered by the purchase of Merck KGaA in October.
American International Group Inc., the world's largest insurer by assets, announced plans to raise $12.5 billion in capital as it posted its second straight big quarterly loss.
Best Buy Co., the largest U.S. electronics retailer, will open its first stores in Europe by paying $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the companies announced Thursday.
Warner Music on Thursday posted a higher than expected net loss in its second quarter and suspended a quarterly dividend in order to raise cash and lower its debt.
Toyota Motor Corp said its profit declined in the first three months of the year and expects a profit drop for the current year due to a weak U.S. market, a stronger yen, and rising raw materials and energy costs.
Agrium Inc's chief executive says the company is looking into possible new development of potash mines in the Canadian province of Saskatchewan, according to a report.
Expeditors International of Washington Inc. provider of global logistic services, reported on Wednesday its first-quarter net earnings increased to $66.47 million or 31 cents a share from $59.29 million or 28 cents a year ago.
ZymoGenetics Inc., developer and manufacturer of therapeutic proteins, was told by the Food and Drugs Administration that its promotion of the treatment Recothrom had false and misleading material according to a letter released today.
Medtronic Inc., a medical device maker, reported late Wednesday it was recalling certain devices coated with contaminated blood-thinner, Heparin.
China's Xinjiang Land and Resources Office said today that the province discovered new natural resources, among which, coal reserves totaled 18.98 billion tons.
News Corp., the owner of the MySpace Web site and Fox television, said on Wednesday its quarterly net profit rose three-fold on higher advertising sales and on a gain from the sale of its stake in DirecTV Group Inc.
Singapore Airlines will use the world's largest passenger plane, Airbus' A380, to take one of the three daily flights between Singapore and Beijing as it strives to meet growing flight demand ahead of the Beijing Olympics.
Chinese Food and Drug regulators said pharmaceutical Baxter International Inc. did not fully co-operate in an investigation to address the case of the blood thinner heparin to which 81 deaths are linked due to the presence of a chemical contaminant.
French oil company Total SA said Wednesday its first-quarter net profit jumped 18 percent as record oil prices made up for the weak dollar and a drop in refining margins.
Satellite television service provider DirectTV reported that profit grew 10.4 percent during the first quarter, beating analysts' estimates.
Cablevision announced that its programming unit agreed to buy the Sundance Channel, the network founded by actor Robert Redford, in a deal worth $496 million.
Thames Water on Wednesday announced its plan to prevent water shortages in the future and put a stop to hosepipe bans and other water restrictions.
Sprint Nextel and Clearwire said it will combine their wireless broadband units to build nationwide wireless network to provide high-speed Internet connections for laptops and cellphones.
U.S. officials detained a senior banker at Swiss bank UBS as part of an investigation to see if the bank helped its American clients evade taxes, the Financial Times reported.
Chennai-based business conglomerate, Murugappa Group said it has set aside Rs.1300 crore ($325 million) in the current fiscal towards business expansion.
Malaysia's top mobile phone operator, Maxis Communications, said it will invest $4-5 billion over the next 2-3 years to expand its business operations in India.
Nasscom or National Association of Software and Services Companies, the consortium that serves as the apex body of the Indian IT software and BPO industry, together with global management consulting firm AT Kearney has released a comprehensive assessment report of 50 locations in India suitable for the IT - BPO industry titled 'Location Roadmap For IT- BPO Growth: Assessment Of 50 Leading Cities.'
Vanco Plc requested on Tuesday that the Financial Services Authority suspend trading in its securities pending clarification of its financial position.
Bovis Homes said on Tuesday that conditions in the housing market had deteriorated sharply in recent times, and that as a result the company expected its results for the first half of 2008 to be significantly lower than previously expected.
Advertising company WPP is encouraging shareholders in Taylor Nelson Sofres (TNS) to put pressure on the board of the company to engage in takeover talks with WPP. The news comes after TNS said it rejected a £950 million (230 pence per share) offer from WPP on 4 May.
Lloyds TSB said on Tuesday that it was continuing to deliver good growth in its relationship banking business despite what it called a difficult period for financial services companies.
Walt Disney Co shares climbed near 3 percent after the firm reported on Tuesday its quarterly profit climbed triggered by stronger park attendance and better studio results.
Oil could potentially soar up to $200 within the next two years as part of a super-spike driven by slowing growth in oil supplies, investment bank Goldman Sachs said in a research note on Tuesday.
