Johnson & Johnson Chief Executive William Weldon will step down from his post in April after a series of recalls called into question the quality of the healthcare giant's products, from artificial hips to infant Tylenol.
Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, is expected to return to profitability when it reports its fourth-quarter earnings after markets close Thursday. Favorable stock market conditions and less reserve charges may also helped offset large losses stemmed from Thailand floods.
Barrymore and fiance Will Kopelman were recently seen leaving a doctor's office with sonogram.
Under a corporate-tax overhaul to be detailed Wednesday, U.S. companies would be forced to cede a number of loopholes and subsidies, while those with overseas operations could face a minimum tax on their foreign earnings.
Two Western journalists were killed in the besieged Syrian city of Homs on Wednesday when shells hit the house they were staying in, opposition activists and witnesses said.
Paramount Pictures, the movie studio that controls all the rights over the fictional mafia family's story The Godfather, has sued the estate of Mario Puzo, arguing that the heirs of the author has wrongfully authorized the publishing of a pair of sequel novels.
A rare 12.76-carat pink diamond has been discovered at Rio Tinto's Argyle mine in Australia, regarded as the largest pink rough diamond found in the country.
Jeremy Lin's contract will be a big story as the New York Knicks figure out how much he deserves to make off the Linsanity that has revived the franchise over the past month.
Taxi and Limousine Commission will set up a panel to decide if Taxi TVs could be replaced by an iPad-like tablet
A year after Carmelo Anthony was traded from the Nuggets to the Knicks, who got the better of the deal?
The Tulsa, Okla.-based company is expected to report fourth-quarter net profits of $268.61 million, or 41 cents a share, according to analysts polled by Thomson Reuters. The company earned $259 million, or 44 cents a share, in the year-earlier period.
The New York Knicks' new star point guard Jeremy Lin recently applied to trademark Linsanity several days after two California men each filed separate ones, attempting to cash in on the fervor surrounding Lin and his vernacularly adaptable name.
What a difference 2.8 million customers -- and one point guard -- can make. Madison Square Garden Co. said Tuesday that despite the first two losses of the Jeremy Lin era, the last two New York Knicks telecasts on the MSG network are its highest-rated regular-season events ever. The boost in ratings coincides with MSG resolving its carriage dispute with Time Warner Cable last Friday, in time for the Knicks' Friday night game against the Hornets to be broadcast.
Jeremy Lin is single, and he dissed the Kim Kardashian date gossip and all these rumors that have flown since Linsanity began earlier this month.
A look at Steven Spielberg's period piece, War Horse.
The four words that envelop the headline nag along behind Mitt Romney wherever he campaigns on stops in Michigan. Let Detroit Go Bankrupt.
These were the four words that served as the theme and message of an opinion-editorial Romney penned more than three years ago for The New York Times. It came in the midst of bipartisan bailouts to the swooning auto industry, in a time of debate over how to save what was once Michigan's most prestigious industry in its most prestigious city.
This week there is one pivotal thing on the mind of many actresses - the Oscars red carpet. As everyone knows, on Oscars night that red carpet is transformed into a runway, a runway seen by millions. Actresses, particularly nominees, become models for some of the best and most promising designers in the biz. In fact, Oscars night could make or break an entire career.
A mother of a 13-year-old boy is blaming an alcoholic energy drink for her son's death. Michael Truluck, an eighth grader in Maryland, died after falling out of a moving car, and being struck by another vehicle. The young teen had been drinking an energy drink with alcohol prior to getting in the car.
Jessica Biel and Justin Timberlake are definitely engaged, according to reports that people saw Biel wearing a healthy rock at a Saturday Night Live afterparty over the weekend. Check out the 'N Sync singer's hot ladies over the years in this sexy photo gallery.
When this year's Oscar nominations were announced, one person's name was expected to be called for the Best Actor category. Michal Fassbender, who gave one of the best performances of 2011 was left of the nominee's list. His snub shocked film fans and bevy of Fassbender supporters (known as Fassinators) took to the web to protest.
One fan possibly speaks for thousands as he makes his plea via YouTube to Lebron James to take part in the 2012 NBA Slam Dunk Contest.
It's understandable why Kim Kardashian looked to Tim Tebow and Jeremy Lin as potential boyfriends. After a series of failed relationships, the reality TV star and two-time divorcee is looking for a nice guy to settle down with (and improve her image along the way).