The former chief executive of one of the US's largest makers of paper products was sentenced to 15 years in prison after being convicted last year of engineering a $US300 million ($A400 million) fraud in a fruitless bid to save the failing company from bankruptcy.
Instead of borrowing cheaply in global markets, Gulf oil and gas firms are seeking to promote Islamic finance, according to a report from Reuters.
The pace of existing home sales in the United States fell for a fifth straight month in August and prices dropped from year-ago levels for the first time in 11 years, a US realtors group said.
A proposed class action lawsuit filed against leading coffee retailer Starbucks on Monday by an independent coffee house owner claims that that the company abuses its monopoly position in the specialty coffee market to eliminate smaller competitors by using various means, including cluster bombing store tactics.
Hard drive manufacturer Seagate Technology announced a 750 gigabyte drive on Monday, which will be shipping to digital video recorders (DVR) and digital entertainment device manufacturers for the next generation of DVRs.
Mercedes-Benz said on Monday it plans to offer its first BLUETEC diesel-powered versions of its M, R and GL-Class sport-utility vehicles in 50 US states at the beginning of 2008.
A lawsuit accusing tobacco companies of defrauding smokers into thinking light cigarettes were safer than regular brands can proceed as a class action, a federal judge in New York ruled on Monday.
Faced with mounting pressures of doing business in Silicon Valley, the venture capital industry is going global, albeit in stops and starts that reflect the risks of doing business in foreign lands.
Walgreen Co., the largest U.S. drugstore chain, posted a 25 percent rise in quarterly profit on Monday, driven by strong sales of prescription medications and the addition of the Happy Harry's chain.
Honda Motor Co. said on Monday it has developed a new and simple diesel powertrain that is as clean as gasoline-fuelled cars, unveiling plans to mount it on a car for the U.S. market by 2009.
The future of a European project aimed at matching U.S. and Israeli prowess in unmanned spyplanes that could eventually fire weapons was thrown into doubt after a test model crashed off the coast of Spain.
Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.
Sir John Gieve, deputy governor of the Bank of England, said in a newspaper interview published on Monday he gave serious thought to another rise in interest rates at this month's Monetary Policy Committee Meeting.
France's Areva is among several companies interested in vying for a nuclear recycling project in the United States, the world's largest maker of nuclear reactors said.
Pan-European exchange operator Euronext on Monday denied it planned to postpone an extraordinary general meeting set for December, at which its shareholders are due to vote on a $10 billion plan to merge with NYSE Group .
Public anger in China over a popular skin-care line has become a public relations headache for Procter & Gamble , underlining the challenges foreign firms face as they contend with increasingly discriminating consumers.
Shares edged up on Monday, led by banking and pharmaceuticals stocks.
Britain based building and plumbing supplier Wolseley posted underlying year profits at the top end of forecasts on Monday
Oil prices fell to a six month low under $60 (31 pounds) a barrel on Monday as BP's move to restore output at Prudhoe Bay earlier than expected added to a sense of healthy, secure supplies
Wall Street may be on the defensive this week if reports on housing and growth suggest the United States economy is headed......
Ethiopian Airlines won the African Airline of the Year 2006 Award. US deputy assistant secretary for aviation and international affairs in the department of transport,
Canadian institutional investor Erik Sardain is looking for an exciting investment opportunity in Australia over the next few months, and at the moment it doesn't look like the $8 billion Telstra share offer quite fits the bill.
