An experimental obesity drug made by Vivus Inc showed dramatic results in two late- stage clinical trials, potentially offering patients a much- needed weight-loss aid and sending the company's shares soaring more than 70 percent.
Oil prices rose on Wednesday, as optimism surrounding economic recovery and a weaker U.S. dollar prompted investors to buy crude to hedge against inflation.
Stocks extended three straight days of gains on Wednesday as favorable comments from Goldman Sachs lifted the industrial sector while rising crude prices boosted energy stocks.
U.S. stocks extended three straight days of gains on Wednesday as favorable comments from Goldman Sachs lifted the industrial sector while rising crude prices boosted energy stocks.
The Kennedy family saga was already the Greek tragedy of modern American history, but a book alleging a love affair between Robert F. Kennedy and his brother's wife adds new pathos to the tale.
NBC is back in business with producer Jerry Bruckheimer.
The Hollywood studio behind a film based on The Hobbit and trustees for author J.R.R. Tolkien's estate said on Tuesday they had settled a lawsuit that clears the way for what is expected to be a blockbuster movie based on the book.
Die-hard fans of Walt Disney Co gather this week in California for the company's first-ever fan exposition and what Disney hopes will be a show of the durability of its brands in a tough time.
Facet Biotech Corp said on Tuesday it has rejected an unsolicited bid by Biogen Idec Inc to acquire Facet for $14.50 a share, saying the offer is inadequate and not in the best interests of shareholders.
AOL Inc, the Internet unit of Time Warner Inc, said on Tuesday it has appointed former Yahoo Inc executive Brad Garlinghouse as president of its Web and mobile communications group.
German director Werner Herzog is competing against himself at the Venice film festival this year with two pictures in the main lineup.
Google Inc made its fortune on Internet search ads, but Wall Street is increasingly eager for signs that the company's other money-making bets will pay off.
California solar company Solyndra Inc said on Friday that it started construction on its second solar panel manufacturing plant, putting into action the first loan guarantee awarded under a long-delayed U.S. program for advanced clean energy.
Biogen Idec said on Friday it had offered to acquire Facet Biotech Corp, a partner in developing multiple sclerosis and cancer drugs, in a deal valued at about $355 million.
The discovery of immune system particles that attack the AIDS virus may finally open a way to make a vaccine
Michael Jackson was buried on Thursday, more than two months after he died of a drug overdose, marking the last stop for a superstar who spent most of his 50 years in the public gaze
Dallas Federal Reserve Bank President Richard Fisher on Thursday said the United States should have a good snap-back from recession in the final months of 2009, but that future growth could be a slow crawl.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of eagerly-awaited monthly U.S. jobs data and unemployment rate.
Google, fighting to gain ground on China's Baidu's dominant search lead in the country, confirmed the departure of its China president on Friday and said its regional sales head would take over Lee Kai-Fu's business and operational responsibilities.
Dallas Federal Reserve Bank President Richard Fisher on Thursday gave a muted outlook for the U.S. economy, saying a long period of slow growth lies ahead even when the recession ends.
California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis.
A unit of GreenHunter Energy Inc said on Thursday it signed a 20-year power sales deal for its biomass power plant in California, enabling the company to complete construction.
