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Samsung Spins Off Its Display Business, Shifts Focus From LCD to OLED

Samsung Electronics announced Monday that it will spin off its LCD business division to launch a new entity provisionally called Samsung Display Co., set to go live on April 1, 2012. The move awaits shareholder approval, but the new business will reportedly launch with about $668 million in paid-in capital to start working with.

Transocean Drills Relief Well in Nigeria

Chevron Nigerian Fire
Transocean crews over the weekend began drilling a relief well off the coast of Nigeria to allow for the proper abandonment of a Chevron Corp. natural gas well that exploded, killed two contractors, sank, and has remained on fire for more than one month.
A man walks past a "sale" sign in the Georgetown shopping district in Washington

Presidents Day Sales 2012: 25 Best Places to Snag a Sale in Stores and Online

Presidents Day may technically be a federal holiday to celebrate the first president, George Washington, but it may leave its mark in history as a great day to snag sales on the third Monday in February. Grab your wallets and eco-friendly shopping bags! Here are the best places, online and in store, to snag a sale on Presidents Day 2012.
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Lloyds to Strip Bankers of Bonuses: Report

British bank Lloyds is to strip five current and former senior bankers of more than 1 million pounds in bonuses over their role in the mis-selling of payment protection insurance , the Daily Telegraph reported on Monday.
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Wynn Resorts Forcibly Buys Out Board Member

Wynn Resorts Ltd said it had discovered that board member Kazuo Okada made improper payments to foreign gaming regulators and the company forcibly bought back the Japanese gaming mogul's 20 percent stake in Wynn.
Tourists stand outside the Wynn Casino in Macau

Wynn Resorts Buys Out 'Unsuitable' Board Member

Wynn Resorts Ltd upped the ante in the fight between its billionaire founder Steve Wynn and his former business partner Kazuo Okada, accusing the Japanese gaming mogul of improper payments and forcibly buying back his 20 percent stake in Wynn's casino company at a discount.
FBI file on Steve Jobs

Steve Jobs' FBI File Becomes $12.16 Paperback

According to a report by Forbes, the now-public 191-page FBI file on Steve Jobs, Apple's co founder, will be available as a $12.95 paperback. However, if it's the soft copy you're looking for, you're in luck - a PDF version of the file can be downloaded for free.
CEO of the Blackstone Group Stephen Schwarzman speaks during a session at the World Economic Forum (WEF) in Davos January 29, 2010.

Why Stephen Schwarzman's Payday Risks Riling Blackstone Investors

Stephen Schwarzman, the boss of Blackstone, the world's biggest private-equity firm, made his fortune by buying, restructuring and selling companies -- delivering outsized returns for investors. These days, he is getting huge rewards for being the largest shareholder in what is more like an asset manager on steroids.
Doug Shea, drill informant for EnCana, walks past an EnCana gas drilling well east of Calgary, Alberta, February 15, 2007.

Canada's Encana Finds Shale-Gas Partner in Japan's Mitsubishi

In the latest in a string of asset sales, Canada's Encana Corp. will sell a 40 percent stake in British Columbia natural-gas assets to Japan's Mitsubishi Corp. in a C$2.9 billion ($2.9 billion) deal that will help the energy company strengthen a balance sheet weakened by low gas prices.
Storm clouds form near a BP station in Alexandria, Virginia July 19, 2010.

Large BP Crude-Oil Refinery in Washington State Idled Following Fire

BP PLC idled production at its Cherry Point refinery in Washington state on Saturday, a day after a large fire broke out near the core crude oil unit of the third-largest plant on the West Coast. The idling of the plant near Ferndale, Wash., could drive fuel prices higher next week.
Icelandic Flags

Iceland's Financial Watchdog Sacks Director Gunnar Andersen

Iceland's Financial Surveillance Authority (FME) said on Saturday it had sacked director Gunnar Andersen following a report into his time as an executive at failed bank Landsbanki. Daily Morgunbladid quoted Andersen as saying he would forcefully fight for his job and denying any wrongdoing.
Venezuelan President Hugo Chavez talks to the media as he welcomes U.S. actor Sean Penn at Miraflores Palace in Caracas February 16, 2012.

Hugo Chavez's Venezuela Ships Diesel Fuel to Civil War-Torn Syria

The government of Venezuela's Hugo Chavez is emerging as a rare supplier of diesel to Syria, potentially helping the government of the Middle Eastern country's Bashar al-Assad fuel its military in the midst of a bloody crackdown on civilian protests and undermining Western sanctions.
A customer visits the Apple Store in New York City's Grand Central Station

Apple Files EU Patent Complaint, Motorola Mobility Says

Apple Inc. has requested European Union antitrust regulators to step in and settle a technology patent dispute between the company and Motorola Mobility Holdings Inc., according to a Motorola Mobility regulatory filing on Friday.
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On Astor Place, New and Old Clash

Developer Edward Minskoff's obsidian and silver edifice at 51 Astor Place will soon mark the latest transformation of New York's East Village.
Allen Stanford arrives at the Federal Court in Houston January 23, 2012.

Investors Mark Unhappy Anniversary at Allen Stanford's Trial on Friday

Defense lawyers made a case for Allen Stanford's innocence on Friday in a courtroom filled with people who claim he stole millions of dollars of their savings. Some two dozen investors were at the federal courthouse in Houston to mark the third anniversary of the closure of the Stanford Financial Group in February 2009.
Melissa Gerstein and Denise Albert walks the runway for Strut: The Fashionable Mom Show - Runway at The Donald & Mary Oenslager Gallery on February 16, 2012 in New York City.

New York Fashion Week: ‘Strut: The Fashionable Mom Show’ Sends Mothers Down the Runway [PHOTOS]

On Thursday, mothers were in the spotlight to hit the runway for Strut: The Fashionable Mom Show, the first ever show featuring moms for Mercedes-Benz Fashion Week in New York. Featuring over 20 mothers wearing a mix of designer and non-designer clothing, women of all shapes and sizes walked the runway to songs from Beyoncé, Rihanna and LMFAO's Sexy and I Know It held in The Donald and Mary Oenslager Gallery at the New York Public Library for the Performing Arts at Lincoln Cen...
Air Australia

Air Australia Collapse: How It Happened

The convoluted path of Air Australia, which is less than four months old and operated on a leased fleet of five aircraft, is being framed as a case study in which corporate hubris and a hands-off approach from corporate regulators combined to deliver a spectacular demise.

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