General Motors Corp is heading to bankruptcy court on Tuesday to seek approval to sell its assets to a New GM in a plan to reinvigorate the automaker under U.S. government ownership.
Japan pledged to shore up Elpida Memory Inc with public money, bringing the total aid expected to come to the loss-making chip maker to $1.7 billion as it struggles to compete with its larger South Korean rivals.
U.S. stock futures were modestly higher on Tuesday ahead of a new round of data that may give investors insight into the state of the recession-hit economy on the last day of the second quarter.
Michael Jackson's mother Katherine on Monday won temporary guardianship of the late singer's children and control of his estate as a legal battle over his kids, money and belongings began to take shape.
Iraq auctioned contracts to run eight giant oil and gas fields Tuesday as it sought to take charge of its own reconstruction after six years of war, but oil companies were reluctant to pay what it asked.
U.S. stock futures were flat on Tuesday ahead of a batch of new data that may give investors insight into the state of the recession-hit economy on the last day of the second quarter.
British authorities have frozen $100 million linked to Texas billionaire and alleged swindler Allen Stanford following a request from the United States Department of Justice.
Oil prices gave away early gains on Tuesday, easing toward $71 a barrel ahead of U.S. inventory data expected to show a rise in oil product stocks.
If plug-in hybrid vehicles proliferate as expected, utilities will be able to handle the added power demand without building new plants or straining transmission power grids as long as owners plug in overnight, the New York grid manager said in a report issued on Monday.
The United States joined the International Renewable Energy Agency (IRENA) on Monday as part of the Obama administration's commitment to developing a new energy policy, Secretary of State Hillary Clinton said.
The world's airlines lost more than $3 billion in the first quarter of 2009, the International Air Transport Association said on Tuesday, maintaining its estimate for full-year losses of $9 billion.
A U.S. federal jury returned a $1.67 billion verdict against Abbott Laboratories in a patent suit brought by Johnson & Johnson related to arthritis treatments, the drug companies said on Monday.
Oil prices rose above $72 a barrel on Tuesday, paring gains after earlier jumping more than 2 percent on unprecedented Asian trading volumes.
Belgium-based RHJ International is close to a deal to buy a stake in Opel after talks between parent General Motors and preferred bidder Magna International hit snags, the Financial Times reported.
Oil prices jumped more than 2 percent to an eight-month high above $73 a barrel on Tuesday, as a sudden spike in Brent buying pinned on fund positioning ushered out the market's best quarterly gain since 1990.
Michael Jackson's mother Katherine on Monday won temporary guardianship of the late singer's children and control of his estate as a legal battle over his kids, money and belongings began to take shape.
Cisco Certified Internetwork Expert (CCIE) is no longer the highest certification offered by Cisco as it announced today the Cisco Certified Architect (CCA) Certifications as the new highest level of accreditation achievable within Cisco Career Certifications.
Online retailer Amazon.com is pulling the plug on its Internet associates program in Rhode Island in retaliation for potentially having to pay a new sales tax to the state, its second such move in a week.
President Barack Obama, fresh from his first legislative victory on climate policy, expressed confidence on Monday that new greenhouse gas emission limits would become law with help from the U.S. Senate.
Enterprise Products Partners LP said on Monday that Teppco Partners LP had accepted a sweetened $3.3 billion takeover bid in a deal that will form the largest publicly-traded U.S. pipeline network.
Bernard Madoff was sentenced on Monday to 150 years in prison -- the maximum penalty the judge could give him for extraordinarily evil crimes in Wall Street's biggest and most brazen investment fraud.
Ford Motor Co said on Monday it expects to gain U.S. market share in June as its sales would hold up much better than the rest of the industry and signaled its increasing confidence by raising production.
