Bailed-out insurer American International Group reported a profit of $19.8 billion for the fourth quarter, after an accounting determination that it is likely to post future profits let it release the value of some tax benefits.
Apple’s directors dodged the question of what to do with nearly $98 billion in cash and investments that’s waiting to be used. Here's what they could buy.
Former NBA star Michael Jordan filed a lawsuit against a Chinese sportswear company, claiming the brand was built off of unauthorized use of his name.
Manhattan's venerable Plaza Hotel, site of a $48 million sale in 2011, has seen two more big deals to start off 2012. One of the building's penthouses, #PH2009, has been sold, according to StreetEasy. The deal hasn't closed yet, but the last asking price was $33.5 million.
Apple, which has nearly $98 billion in cash and investments, won’t pay a special dividend or cash bonus to shareholders, new CEO Tim Cook said.
Shares of Sears rose 21.64 percent to $63.53 in mid-afternoon trading.
The No. 4 wireless wireless carrier plans to build a new $4 billion Long-Term Evolution (LTE) wireless network .The cost of the project is the same as the breakup fee that AT&T was required to pay T-Mobile parent, Deutsche Telekom, following a failed $39 billion merger deal..
Verizon 4G wireless customers reported another 4G LTE outage on Wednesday but service has since been restored according to the carrier, who has suffered four mass outages nationwide over a span of three months.
Shares of Hewlett-Packard (NYSE: HPQ), the world’s biggest computer company, fell as much as 7 percent Thursday after the company reported first-quarter earnings that beat expectations but issued a mediocre earnings forecast.
While Apple is not expected to unveil the iPhone 5 anytime soon, but that doesn't mean fans can't dream about what the next-generation iPhone could possibly look like. Fanning the flame that is iPhone hype, the imaginative minds at Ciccarese Design, led by Federico Ciccarese, have released a new mock-up of a teardrop-shaped iPhone 5, which is really quite beautiful.
Google's plan to come up with a pair of augmented reality glasses, which could swarm data directly to the eyes of its user in real time, has taken the tech world by storm.
A Shanghai court Thursday rejected a struggling Chinese company's request to bar Apple Inc. from selling its popular iPad computer tablet in China over a trademark dispute.
Pornographic video site YouPorn was compromised by a security breach on Wednesday after a third-party chat service didn't secure its data, resulting in thousands of users seeing their e-mails, usernames and passwords exposed.
Silicon Valley has always been a fertile ground for executives to be rich and world famous.
Shares of Hewlett-Packard, the world’s biggest computer company, will likely fall Thursday after the company reported first-quarter earnings that beat expectations but issued a mediocre earnings forecast.
Sears Holdings Corp. (SHLD) posted a fourth-quarter loss Thursday and said it will spin off its Hometown, outlet and hardware-store businesses as part of an effort to increase liquidity.
Here are some factors that Apple should keep in mind while pricing the latest iPad 3.
After nine hours of deliberation, the jury finally revealed the verdict for George Huguely, the University of Virginia lacrosse player accused of killing his ex-girlfriend, Yeardley Love. The 24-year-old was found to be guilty of second-degree murder and grand larceny.
Apple's recently launched museum in Russia is fast becoming a spectacle for the tech nerds on the planet.
eBay Inc., the e-commerce service provider, is all set to acquire WHI Solutions (WHI), a provider of software and digital catalog solutions for auto parts distributors and retailers for over 39,000 North American vehicles. This article tries to find out the five best online car retailers who are there in the USA market for long and doing quite well for themselves.
Adding one more feather to its cap, the innovative Korean phone maker Samsung Telecommunications has come up with Samsung Galaxy S Blaze as an addition to 4G wireless network technology. In a recent announcement, T-Mobile has confirmed that the new Galaxy brand would be available in the market by end of March 2012. According to the T-Mobile’s press release, the handset is expected to cost around $149.99 after a $50 mail-in rebate card, with a two-year service agreement and would be on shelf pur...
Hewlett-Packard and Dell Inc are keeping a close eye on a big jump in wages for workers that assemble Apple Inc's iPhone in China, and could be forced to nudge up prices for their own products if labor costs keep rising.
Everything Everywhere, Britain's biggest mobile carrier, expects to start building a next-generation LTE network by the end of the year, catching up with the United States and parts of Scandinavia and Asia that already have more advanced networks.
Rivals to Verizon Wireless are urging U.S. communications regulators to block the company's multibillion dollar deals to buy wireless airwaves from cable operators, saying the transactions will hurt competition.
Chip-design software maker Synopsys Inc posted a quarterly profit that beat analysts' estimates, helped by strong demand for its new products, and raised its full-year outlook.
Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.
Limited Brands (LTD), parent company of Victoria's Secret, Bath and Body Works and La Senza, reported on Wednesday an decrease in annual operating income and but increase in earnings per share, boosted by a 10 percent increase in same-store sales and a buyback of shares.
Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.
The Great Bend, Kan.-based company listed as much as $50 million in assets and debt in U.S. Bankruptcy Court, Southern District of New York.
As one of the world's top gold producers, Newmont Mining Corp (NYSE:NEM) seems to have a lot of advantages on its side. But uncertainty about peripheral items, including the effect of recent acquisitions and political developments that could hurt its bottom line, are keeping Wall Street analysts skeptical on the company.
