COMPANIES

China MediaExpress Inc on Monday termed the research reports calling the company's financial results into question as misleading, and said its financial statements are backed by well known auditors.

Shares of Nokia (NYSE: NOK) are moving higher Monday on speculation that the mobile phone maker will soon engineer a major reshuffling of its management and board as the company tries to wrestle back domination of the premium handset market.

AOL Inc. said early Monday morning plans to acquire online news website Huffington Post for $315 million, as part of the companies attempt to turn its business around with a strategy of becoming a top producer of digital content.

Actor Ashton Kutcher has created an exclusive listing for his Hollywood Hills bachelor pad house at $2.6 million.

A California judge has ruled to allow a group of lawyers with connections to Oakland City Hall to represent alleged Nortenos gang members who are facing a city lawsuit that seeks to prevent them from hanging out in the city's Fruitvale neighborhood.

Allen & Overy (A&O) plans to open an operational support and legal services center in Belfast, the capital city of Northern Ireland, and employ 300 people by 2014 to run it.

The state of California has agreed to settle a predatory lending lawsuit which it has filed against two former Countrywide Financial Corp. executives for $6.5 million.

India's former Telecom Minister Andimuthu Raja, his personal secretary RK Chandolia and former telecom secretary Siddharth Behura have been arrested by India's Central Bureau of Investigation (CBI) over his alleged manipulation while allocating the second-generation telecom (2G) spectrum licenses in 2007 and 2008.

Dickstein Shapiro, a Washington D.C.-based law and lobbying firm, said that former U.S. Representative Peter Hoekstra (R-Mich.) has joined the firm as a senior adviser.

AOL has spent $315 million on one of its biggest acquisitions so far, news aggregator Huffington Post, adding another leaf to its portfolio of content which includes other names like TechCrunch and Engadget.

All car lovers only dreamt of owning a flying car, but soon this will turn into reality and will be able to fly one next year.

New car registration in January fell by 11.5 percent compared to the same period a year ago.

U.S. oil and gas firm Anadarko Petroleum Corp said on Monday it had made its fourth natural gas discovery in the Rovuma Basin, the latest in a string of major deepwater natural gas discoveries off the coast of Mozambique.

South Africa's Harmony Gold more than doubled its second-quarter earnings on Monday, boosted by record gold prices and said it was on track to meet its long-term production targets.

Gas supplies from Egypt to Israel could resume within a week after a fire at a gas metering station, an Israeli partner in the pipeline said on Sunday, without referring to sabotage as reported in Egypt.

Arianna Huffington, the co-founder and chief editor of the Huffington Post, says a deal that let AOL buy her online newspaper was signed at the Super Bowl.

Afghanistan's central bank expects an Islamic banking law to be enacted by September, drawing billions in deposits from citizens wary of the conventional banking system, a senior official said.

Bank of America Corp has agreed to pay $410 million to settle lawsuits accusing it of charging customers with excessive overdraft fees, court documents show.

Oakland officials have been warned by federal authorities not to allow large-scale marijuana farms in the city as it violates U.S. laws and could lead to a crackdown on the growers and their backers.

Top executives at JP Morgan Chase & Co. knew about the massive Ponzi scam of the bank's client Bernard Madoff much before it became public but turned a blind eye to it, hoping to protect the bank's interests, according to a $6.4 billion lawsuit filed by a court-appointed trustee seeking to recover money for former Madoff clients.

New York commuters are set to bid goodbye to the iconic yellow cab, as the city plans to get it replaced by a smarter and trendier model for the 21 century.

43 percent of recent acquirers of smartphones in the United States opted for a device using Google's Android operating system, giving it a clear lead over the iPhone and Blackberry.

On Sunday, millions of viewers across the globe will be able to watch the television debut of GM's and NASA's dexterous humanoid robot called Robonaut 2 or R2 during the Super Bowl pre-game show on Fox network.

Two Eurofighter Typhoons of the Italian Air Force arrived at Yelahanka Air Force Station in Bengaluru, India, on Friday to showcase their outstanding operational capabilities at “Asia’s premiere air show,” Aero India 2011.

Computer hackers repeatedly entered the network of the company that runs the Nasdaq stock market in the past year, but the trading platform was not compromised, the Wall Street Journal reported on Friday.

Chris Mihm, former Los Angeles Laker, has listed his home in the professional-sports-star enclave Manhattan Beach, California, for sale at $2.099 million.

Cheryl Cole, the X Factor judge, has reportedly rented a mansion for £3,500-a-week in the suburb Hadley Wood, London.

Tommy Mottola, former chairman and CEO of Sony Music Entertainment, has sold his Wildcat Ranch property in Pitkin County for around $17.8 million, according to a news report by Wall Street Journal.

Tighter budgets at the U.S. Securities and Exchange Commission could mean killing vital technology upgrades needed to catch swindlers, the agency's chief said on Friday in a blunt appeal for more funding.