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Eric Schmidt, the executive chairman of Google Inc. (Nasdaq: GOOG), has sold 103,193 shares of the company worth around $69.3 million, according to Tuesday filings with the Securities and Exchange Commission.

A decision by Chile's top court to temporarily block a massive, coal-fired power generation venture pleased environmentalists but the project's backers, who saw their share price fall, insisted the delay was unnecessary.

A surge in orders for weapons, most of which from developing nations, has turned into a boon for U.S. companies -- and they have the Saudis to thank more than anybody else.

Eddie Murphy is looking to revive the "Beverly Hills Cop" movie franchise with a new television series. The actor has begun shopping the action-comedy series around to the broadcast networks this week.

General Motors Company (NYSE: GM) holding the European debuts of three vehicles at the Moscow International Motor Show on Wednesday, and a key member of the company's Russian management confirmed a $1 billion investment.

Chipotle Mexican Grill said it would no longer implement rounding-up practices that led to the chain cheating customers out of pennies.

Mike Verdu, chief creative officer of Zynga Inc. (Nasdaq: ZNGA) quit the San Francisco-based electronic gaming website , becoming the fifth top official to depart in August.

Legendary private equity investor Kohlberg Kravis Roberts (NYSE: KKR) may seek to acquire control of Japan’s Renesas Electronics (Tokyo: 6723) for a 100 million yen (US $1.27 billion) investment, which would be its largest in Japan, financial news agencies reported.

As the deepening sovereign debt crisis in Europe dampens air travel demands in the region, the world's two largest airplane makers, Boeing Co. (NYSE: BA) and Airbus S.A.S. (EPA: EAD), are now bringing their fierce competition to the Asia-Pacific skies.

The top after-market NYSE gainers Tuesday were Pandora Media, WellPoint, AuRico Gold Inc, Navios Maritime Partners and H.J. Heinz Co. The top after-market NYSE losers were Dycom Industries, Imax Corp, Graphic Packaging Holding, RadioShack Corp and 3D Systems Corp.

Victoria's Secret Stores Inc. and their parent company, Limited Brands Inc., are being sued by Zephyrs for $15 million since they have allegedly been "knockoffs" to their own customers, according to WWD.

Walt Disney's ESPN unit and Major League Baseball announce an eight-year, $5.6 billion deal.

IDC revised its forecast for this year’s PC sales gains to only 0.9 percent, after the top U.S. giants, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), reported lower PC sales for their latest financial quarters. By contrast, tablet sales, headed by the iPad from Apple (Nasdaq:M AAPL) should surge 54 percent.

Victoria's Secret has been selling knockoff hosiery, according to a lawsuit filed Tuesday by Zephyrs against parent company Limited Brands Inc. (NYSE: LTD)

Katie Couric, whose new show, “Katie,” debuts Sept. 10 on ABC, said she felt “liberated” after she left “CBS Evening News” last year amid stubbornly low ratings.

Ford's Lincoln brand hasn't done well in the U.S. but the nation's No. 2 automaker aims for better luck in China where archrival GM gets a big share of the luxury car market with its Cadillac line.

Printer specialist Lexmark International Inc. (NYSE: LXK) said it will fire 1,700 employees, mainly in the Philippines, as part of strategy to exit its aging inkjet printer business. The move came after the company reported lower income and revenue, industry experts forecast lower PC sales as well as competition from No. 1 printer maker Hewlett-Packard (NYSE: HPQ).

International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, introduced its most powerful server for enterprises, the zEnterprise EC 12 mainframe, which it said cost as much as $1 billion to develop. The unit is intended for enterprises that can manage their own systems but also shift data processing to the cloud.

The Dodd-Frank Act was passed in 2010 to rein in the Wall Street excesses that led to the financial crisis, but the massive law is only around half complete, according to the Financial Services Committee's Dodd-Frank Burden Tracker.

The top after-market NYSE gainers Monday were Brown Shoe Co, Molycorp, PVH Corp, Nam Tai Electronics and Fibria Celulose. The top after-market NYSE losers were STMicroelectronics, New America High Income Fund, Rogers Communication, Gol Linhas Aereas Inteligentes and AK Steel Holding Corp.

The Romneys love Costco, whose co-founder is a major backer of Barack Obama. The political leanings top executives gives no credence to the idea one party is the party of big business.