TD Bank to buy Chrysler Financial for $6.3 billion
Toronto-Dominion Bank is buying Chrysler Financial from Cerberus Capital Management for $6.3 billion, the second time in a week that a Canadian lender has placed a big bet on the resilience of the U.S. economy.
Wall Street gains on M&A, earnings; technicals positive
Stocks advanced on Tuesday as solid earnings and a flurry of merger action laid the foundation for a steady upward trend in the equities market that investors potentially see accelerating.
Autism law needs reauthorization
Autism is growing at an alarming rate in the United States. Just 20 years ago, about one in 5,000 children were diagnosed with the disorder. The current rate, according to the U.S. Centers for Disease Control and Prevention, is 1 in 110.
German consumer confidence outlook slips slightly
Consumer confidence in Germany is slipping, as people are unsure about the economic recovery in the region and their personal income, a survey said on Tuesday.
Carnival Q4 profit up 29 pct, booking volumes strong
Leisure company Carnival Corp. & Plc reported a 29 percent rise in fourth quarter profit, as 4.9 percent capacity increase and higher revenue yields drove revenue growth.
Microsoft says 1.5 mln Phone 7s sold in 6 weeks
More than 1.5 million cellphones carrying Microsoft Corp's Windows Phone 7 operating software have sold in the first six weeks of launch, meeting what the company called realistic expectations.
40 words per minute; Swype beta now available on all Androids
Virtual keyboard maker Swype has released its beta version of for all Android phones for a limited period of time.
Fed extends USD swaps with major central banks
The world's major central banks said on Tuesday they would extend emergency supplies of U.S. dollar funding to money markets, in a sign that authorities remain concerned about financial instability as governments grapple with debt problems.
India Retains Top Position as World's Most Preferred Destination for Offshore Outsourcing
India continues to be world’s most preferred destination for offshore outsourcing, a new study by Gartner Inc said.
Silicon Valley Start Up Kno Ships Educational Tablet
California-based start up Kno Inc. announced it has begun shipping its Linux-based touch screen educational tablet for students, letting them read textbooks, take notes and browse the Web.
Four arrested in widening insider trading probe
Four people, including an executive from an expert networking firm, have been arrested by the Federal Bureau of Investigation (FBI) agents in an operation seen as part of a widening probe into insider trading.
Special Report: Inside AIG's tortuous turnaround
During a rainstorm in Washington in early 2009, amid the furor over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.
Beckham hopeful on rejoining England
David Beckham admitted that he continues to harbor hopes of playing for the England National team and said that he would try and secure a loan move back to Europe to give himself the best chance.
Adams to leave Google, all set to join Facebook
After Google now Paul Adams is all set to join Facebook in the New Year, said a twitter post by Paul Adams.
Apple relaxes control over iAd, launches Mac app to create iAds
Apple released an application for Macs under the moniker iAd Producer that enables users to create multimedia rich iAds for iOS devices.
BP, eight others sued by U.S. govt for Deepwater oil spill
The U.S. Department of Justice (DOJ) has filed a civil lawsuit against energy giant BP Exploration and Production Inc. and eight other companies, accusing them of violating the Clean Water Act and has asked the court to hold them liable without limitation under the Oil Pollution Act for all removal costs and damages caused by the oil spill, including damages to natural resources.
Clifford Chance joins bonus bandwagon, some top Cravath scale
Top-tier law firm Clifford Chance has joined the bonus bandwagon by announcing bonuses that matches the levels of Cravath Swaine & Moore even as some law firms like Cahill Gordon & Reindel and Susman Godfrey have announced fatter payouts.
Columbia Univ. launches fast-track joint J.D./MBA program
Columbia Law School has joined Yale Law School and Northwestern Law School in offering a fast-track program that allows students to graduate with a law as well as business degrees at the end of three years.
TerreStar, Creditors Fight Over $100 Million Rights Plan
TerreStar Networks and its creditors fought over whose plan to backstop a rights offering in the company's bankruptcy plan is better.
Cyprus delays online poker ban, awaits EU feedback
Cyprus has put off legislation to ban online gambling because of a three-month delay in feedback on its plans from its European Union partners, the finance ministry said Tuesday.
Khawaja included as back-up for Ponting for fourth Ashes test
Australia included Usman Khawaja in their squad for the fourth Ashes Test against England as a back-up for Captain Ricky Ponting, in case the skipper fails to recover from a fractured finger.
Talent top most concern among recruiters: Deloitte Study
For companies competing in the global marketplace, getting the right talent in the right place at the right time represents the most significant challenge today in terms of driving future growth.
China's state newspaper launches Chinese search engine
The People’s Daily, the mouthpiece of China’s ruling Communist Party, this week officially launched goso.cn, a Chinese search engine as China’s state media seeks greater influence on the Internet.
UK campaign to tighten immigration fails to take off
UK campaign to tighten immigration hits a setback, but the Coalition is set on keeping up its election promise. David Coleman, Professor of Demography at Oxford University, asserts that Britain should tighten immigration policy and explains negative effects.
Microsoft says Windows Phone 7 sales realistic
More than 1.5 million cellphones carrying Microsoft Corp's Windows Phone 7 operating software have sold in the first six weeks of launch, meeting what the company called realistic expectations.
Exclusive: U.S. plans two large AIG stock sales in 2011
The Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters.
BoJ continues to keep interest rates at zero
The Bank of Japan (BoJ) continued to keep interest rates steady between zero and 0.1 percent as the economic recovery seems to be faltering in Japan and the yen grows weaker against the U.S. dollar.
Wall Street up on M&A, earnings; technicals positive
Stocks advanced on Tuesday as solid earnings and a flurry of merger action laid the foundation for a steady upward trend in the equities market that investors potentially see accelerating.
Five indicted in identity theft and tax fraud conspiracy
A federal grand jury has indicted five people in connection with an identity theft and tax fraud conspiracy in the Middle District of Alabama, the Department of Justice (DOJ) and the Internal Revenue Service (IRS) has announced.
Merger action, earnings push stocks higher
Stocks rose on Tuesday as solid earnings and a new flurry of merger action laid the foundation for a steady upward trend in the equities market that investors believe will continue.