On Monday, Apple invested another $210 million to help Foxconn, the company's largest manufacturing partner in Asia, build out a new production line for unspecified components. The plant will hire roughly 35,800 new employees to help assemble components for the company's line of desktop and laptop computers, smartphones, tablets, or possibly new computing devices.
Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday to restructure $3.1 billion in debt and reduce annual interest costs by around $250 million.
Facebook's stock tumbled down past its offering price in morning trading on Monday, May 21, and stayed below that level, following a less than stellar debut. Wall Street insiders are attacking the much-hyped social network stock saying that they essentially scared away investors.
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
Mitt Romney surrogate and real estate mogul Donald Trump disagrees with the presumed Republican nominee on using Rev. Jeremiah Wright in attack ads against President Obama.
Researchers found that more than 2,000 defendants who were falsely convicted of serious crimes have been exonerated in the past 23 years.
Justin Bieber might admit to driving expensive cars and drinking beer, but whether or not he is newly single is left to speculation. The rumor mill is churning with word that the 18-year-old teenybopper and his former Disney star girlfriend, Selena Gomez, have broken up.
Rajapaksa, now the president of the South Asian island nation, signed the release order for his old rival over the weekend.
Led by New York's Eric Schneiderman, a group of 23 Democratic and Republican attorneys general asked the U.S. Supreme Court Monday to uphold Montana's ban on direct corporate spending in local campaigns.
A former Rutgers University student was sentenced on Monday to 30 days in prison for hate crimes after spying on his roommate's gay encounter with another man.
The University of Notre Dame Monday filed a lawsuit against the U.S. government for a mandate requiring that religious organizations provide contraception coverage.
Graduation speeches don't always have to be a bore. Here are seven graduation addresses delivered to the Class of 2012 that imparted nuggets of wisdom. Others just plain made us laugh and some mixed both sound advice with comedic moments.
JPMorgan Chase & Co. (NYSE: JPM) suspended its share-buyback program on Monday, a move CEO Jamie Dimon said was intended to preserve capital.
Campbell Soup Co. (NYSE: CPB) reported net income fell 5 percent to $177 million, or 55 cents a share, as revenue rose to $1.82 billion in its third quarter ended April 29. A decline in U.S. and international sales of its simple meals, a drop in global sales of its beverage products, a rise in the cost of ingredients and an increase in marketing spending were attributed to the 2-cent decline in EPS from the same quarter last year.
During my many years of following American political thought, one overwhelming truth has emerged: There is nothing as powerful as an idea (be it intelligent or stupid) whose time has come.
Just six months after Google Chrome eclipsed Mozilla's Firefox to become the world's second most popular Web browser, Chrome has also surpassed Microsoft's Internet Explorer to become the most-used Web browser in the world, according to Statcounter.
Prime Minister Stephen Harper is expected to announce that he will not be extending the mission of Canada's 950 military trainers currently in Afghanistan after international forces leave the country in 2014.
NATO will continue to work to bolster security in Afghanistan even as the international community gradually cedes control of combat operations, President Obama said Monday at the NATO summit in Chicago.
Barclays PLC, the UK's second-largest bank by asset, said Monday it plans to sell its entire $6.1 billion stake in U.S. asset manager BlackRock Inc., as the tougher global regulatory environment has made such holding less attractive.
A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.
Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged more than 13 percent when markets opened Monday, lowering the company?s value by about $8 billion.
