AT&T Inc. is making headway at state and federal levels as it tries to go over the heads of local governments to enter the subscription television business to compete with cable TV, Chairman and Chief Executive Ed Whitacre said on Friday.
Nortel Networks Corp., one of the world's largest telecommunications equipment suppliers, on Friday said it had completed a revenue restatement that adjusted revenues by a total of $1.5 billion, and had filed its 2005 annual report.
General Motors Corp.'s chief executive saw his 2005 compensation almost halved from a year earlier, the company disclosed on Friday, on the same day he promised shareholders to turn around GM's North American operations and apologized for accounting errors.
South Korea has issued a warrant to arrest Chung Mong-koo, the chairman of Hyundai Motor group, on charges of misusing company funds, a senior prosecutor said on Friday.
A federal prosecutor accused former Enron Corp. chief Kenneth Lay on Thursday of withholding key financial data from analysts and hiding his sales of millions of dollars of company stock in the months before Enron collapsed.
Emirates, a small but increasingly influential airline, has jet maker Boeing Co. jockeying with rival Airbus SAS for a multibillion-dollar deal.
Former Enron Chairman and Chief Executive Kenneth Lay took the witness stand at his corporate fraud trial on Monday and steadfastly denied he knew of any crimes at the energy company he headed for more than 15 years.
Caterpillar Inc. reported on Monday that it earned its best-ever first quarter profits and looked forward to better prospects for the rest of the year.
Industrial leaders United Technologies Corp. and Honeywell International Inc. posted better-than-expected quarterly earnings on Wednesday, but their shares headed in opposite directions, with investors keying off profit forecasts.
Leading U.S. carrier American Airlines Inc. on Wednesday reported a narrower quarterly loss that handily beat forecasts as rising fuel prices were partially offset by increasing revenue.
The property casualty insurance industry lost money on underwriting operations in 2005 but turned a profit for the year because of strong investment results, according to a trade association report.
China Construction Bank, one of the country's largest state banks, denied on Monday a newspaper report it is in early talks with Bear Stearns that could lead to its taking a minority stake in the Wall Street securities firm.
Charles Schwab Corp.'s quarterly profit surged its highest level in six years as the stock brokerage continued to win over customers with lower prices and an advertising campaign highlighting the Main Street appeal of the company's namesake founder.
HCA Inc., the biggest U.S. hospital company, on Monday said it will report lower-than-expected quarterly results, amid a weak flu season, slowing patient admissions in major markets and more uninsured customers.
Bausch & Lomb Inc. was sued in federal court on Thursday in a complaint that accuses the company of failing to disclose to consumers that using its ReNu with MoistureLoc contact lens solution may result in a serious eye infection.
Halliburton Co. subsidiary KBR Inc., which generates more than half its revenue from U.S. government Iraq war-related contracts, filed with U.S. regulators on Friday to raise up to $550 million in an initial public offering.
Time Warner Cable is in early discussions to create an auction system for advertising spots on video-on-demand channels, modeled after Google's AdSense system on the Internet, the company's CEO said.
A Merrill Lynch analyst, two Goldman Sachs employees and a worker at a plant that printed Business Week magazine have been charged in an insider trading scheme that netted more than $6.7 million, prosecutors said Tuesday.
Walt Disney Co.'s ABC television network will offer some of its most popular shows, such as Desperate Housewives and Lost, for free on the Internet in a two-month trial, the company said on Monday.
The London Stock Exchange and Euronext have held secret talks about a all-shares merger of equals to create a European super exchange valued at about 6 billion pounds ($10.5 billion), the Observer newspaper said on Sunday.
The Abu Dhabi National Oil Company (Adnoc) signed on Monday a joint venture agreement with Agrolinz Melamine International (AMI) to build a $200 million melamine plant at Ruwais near Abu Dhabi. The agreement calls for a 60:40 equity split between Adnoc and AMI in the new company, Melamine International.
A lawyer representing Apple Computer Inc. wrote off the infringement lawsuit against the company by The Beatles' Apple Corps as ridiculous.
Britain's second largest airline officially entered the UAE market yesterday when Virgin Atlantic's Airbus A340-600 landed at the Dubai International Airport from London Heathrow. The new flight represents the airline's first Middle East route, and its 26th destination worldwide.
Softbank Corp. has reached an agreement to buy the Japan unit of British mobile phone company Vodafone for 1.75 trillion yen, or $15 billion.
The world's biggest food group Nestle is buying Kraft Foods' North American frozen pizza business for $3.7 billion and ruled out an offer for Cadbury , it said on Tuesday.
