Facebook Inc. said it has acquired FriendFeed, a start-up that allow users to share links and status updates online, folding in a potential rival that struggled to take off.
A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co executives, saying he was unable to determine if it was fair to the public.
Smart Meter producer Echelon Corp. saw its shares spike as much as 40 percent early Monday after announcing a long-term deal to supply smart meters to the third largest utility in the United States, Duke Energy Corp. North American nations said they would build a capacity and infrastructure with the view to facilitate future cooperation in greenhouse gas emissions trading systems to fight climate change.
A federal judge criticized on Monday a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co executives.
The United States, Canada and Mexico on Monday unveiled steps to accelerate the commercialization of carbon capture and sequestration technologies in North America during the two-day North American Leaders Summit, in Guadalajara, Mexico which concluded on Monday.
The head of Hyundai Group will make a three-day trip to Pyongyang on Monday afternoon trying to win the release of a detained employee, the group said in a statement.
Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, in a deal that will expand the retailer's store base while providing entry into the burgeoning digital textbook book arena.
Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, in a deal that will expand the retailer's store base while providing entry into the burgeoning digital textbook book arena.
Media conglomerate E.W. Scripps Co posted a surprise quarterly profit, helped by lower expenses even as advertising revenue slumped, and said it amended a credit agreement, sending its shares up as much as 33 percent.
Stocks fell on Monday as investors booked profits following a four-week rally that took the broad S&P 500 index to a 10-month high on Friday.
General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy new vehicles online, the companies said on Monday.
A U.S. regulator fined a unit of Credit Suisse Group AG $275,000 for failing to make independent research available to customers, as required under an industrywide settlement over alleged faulty stock research.
General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy vehicles online, the companies said on Monday.
McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.
U.S. stocks fell on Monday, led by retailers, as investors booked profits following a four-week rally, though losses were limited by strong July sales at McDonald's Corp .
The worst U.S. recession since the Great Depression will probably end in the third quarter, but uncertainty exists over the speed and duration of the economic recovery, according to the most recent survey of private economists.
Oil prices dipped toward $70 a barrel on Monday tracking modest Wall Street losses on the eve of a meeting of the U.S. Federal Reserve, and after OPEC's president said current prices are not bad.
It's Ending but When?; Shaky Wall St; Phone Giant Winds Down
U.S. stocks slipped on Monday as a four-week rally encouraged investors to take profits, but McDonald's better-than-expected July sales pushed up the Dow component, briefly lifting the index to a positive territory.
The worst U.S. recession since the Great Depression will probably end in the third quarter, but uncertainty exists over the speed and duration of the economic recovery, according to the most recent survey of private economists.
Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. Nortel, once North America's biggest maker of telephone gear, also posted a bigger quarterly loss due to big reorganization costs and plunging sales, which it blamed on the weak economy.
