The Malkin family, the New York landlords who own the Empire State Building, plan to file to become a publicly traded real estate investment trust (REIT) in around three months, it said in a Securities and Exchange Commission filing.
Remember the Wal-Mart shopper that pepper-sprayed people to get an Xbox 360 on Black Friday? Yeah, that Wal-Mart shopper that pepper-sprayed people to get an Xbox 360 on Black Friday. Well, turns out she may not have done it to get an Xbox 360 after all.
MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant returns to customers before the March 2012 claims deadline.
Canada's Cenovus Energy Inc said scientists have confirmed that the carbon dioxide used for oil recovery at its Weyburn unit in Saskatchewan is not linked to carbon dioxide concentrations in the soil at a nearby property.
U.S. homeowners with mortgages worth more than the value of their homes decreased slightly in the third quarter, according to a report from CoreLogic.
As news continue to trickle down as to what the bankruptcy of the third-largest airline in the U.S. (NYSE:AMR) will look like, there are three groups of stakeholders in the company that should have already realized they're in for a rough landing.
AT&T hopes that an asset sale will ease regulator concerns regarding the $39 billion merger with T-Mobile USA, according to reports.
U.S. consumers are loosening their purse strings over the Black Friday weekend as their confidence in the economy increased to a four-month high. After six months of steady declines, consumers' assessment of current conditions finally improved.
R Corp. filed for bankruptcy protection in New York despite the fact that the company has more than a reported $4 billion in cash on hand. AMR shares, traded on the New York Stock Exchange, were halted earlier on the news. But after trading resumed, AMR Corporation common stock is trading down 85.93 percent on the day to 23 cents -- near a 52-week low of 20 cents.
At more than 25 miles long, the newest offshore discovery is roughly the length of the Houston city metroplex, and at 662 feet deep, it contains an estimated 30 trillion cubic feet of natural gas.
Research in Motion Limited (RIMM) surged upwards more than six percent on Tuesday trading after announcing its new BlackBerry Mobile Fusion service.
FIFA 12, which is the nineteenth game in Electronic Arts' FIFA series, has finally arrived and this time it has brought more realistic gameplay along with it.
AMR Corporation (NYSE:AMR), the parent company of American Airlines and AMR Eagle, has voluntarily filed for Chapter 11 reorganization in order to improve competitiveness.
Verizon Communications, Inc. (NYSE:VZ) is set to benefit from the explosive 4G growth, according to a UBS analyst who has upgraded the stock to buy from neutral.
Susquehanna Financial has revised its profit and revenue estimates of software major Infosys Ltd. (NASDAQ:INFY), following a statement from S.D. Shibulal, its Chief Executive Officer (CEO) that the demand environment, which started to deteriorate 45 days ago, has yet to recover.
AT&T, Inc. (NYSE:T) and T-Mobile's withdrawal of their Federal Communications Commission (FCC) application to transfer spectrum and AT&T's intent to book the full $4 billion break-up fee as a non-cash charge against fourth-quarter earnings indicates that there is only a slim probability that the deal will be approved.
Pfizer Inc. will see the end of a hugely lucrative era on Wednesday, Nov. 30, when its two-decade old patent for Lipitor, a hugely popular drug for cholesterol management, expires.
Want to change the way your car looks just by pressing a button? Well, you could probably do so in near future, as Toyota has unveiled a futuristic concept car which promises exactly that and much more.
Dick Clark Productions' legal woes continue to mount.
Ocean Spray will voluntarily recall certain production lots of Original Flavor Craisins because of the possible presence of small hair-like metal fragments, the company announced Monday.
Two of Hollywood's leading independent studios, Lionsgate and Summit, have started merger discussions, according to an individual with knowledge of the talks.
Shares of Onyx Pharmaceuticals Inc (ONXX.O), known for its liver cancer drug Nexavar, jumped more than 20 percent on Monday, after Bloomberg reported the company was exploring options, including a possible sale.
The Department of Justice has opened a probe into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR and Co (KKR.N), according to court papers regarding an investor settlement over the transaction.
U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
NBC can't get enough people to watch its network. No one can really get anyone to buy paper. So, the solution between network and Staples? Getting their Scrant on.
The Dow Chemical Company and Saudi Aramco have officially established their planned petrochemical joint venture Sadara Chemical Company in Jubail, Saudi Arabia, and announced its senior officers.
U.S. District Court Judge Jed S. Rakoff issued an acerbic order blocking the U.S. Securities and Exchange Commission's proposed $285 million deal with Citigroup that is "neither fair, nor reasonable, nor adequate, nor in the public interest."
A status conference on the Justice Department’s lawsuit to block the AT&T/T-Mobile merger has been postponed, the U.S. District Court of District of Columbia said Monday in a court order.
Cyber Monday boycott by Patagonia sportswear company, which tells consumers Don't Buy This Jacket
Improving market fundamentals will bolster the commercial real estate market in 2012, according to the National Association of Realtors (NAR).