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Icahn Drops Bid to Takeover Commercial Metals

Investor Carl Icahn
Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co (CMC.N) after failing to pick up support among the metal company's other shareholders.
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NYSE-Deutsche Boerse Merger Hits Another Rock

European Union regulators have preliminarily rejected the proposed $17 billion tie-up of NYSE Euronext (NYX) and Deutsche Boerse (DBOEF), the Wall Street Journal reported, citing a senior European Union official.
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Was Beyonce’s Blue Ivy Born Via Surrogate? More Details Emerge

There is, as yet, no exact knowledge of what happened behind the scenes at the birth of American pop singer Beyonce Knowles' daughter. However, there are certainly several rumors flying about. The biggest, probably, such rumor suggests the singer was never really pregnant. Sources are now saying the baby was born via a surrogate.
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Hostess Returns to Bankruptcy Protection over Pensions

U.S. wholesale baker Hostess Brands Inc filed for Chapter 11 bankruptcy protection in Manhattan on Wednesday, just months after emerging from a similar process last year, after failing to reach an agreement with workers on pension and health benefits.
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

BofA and others being probed over home insurance: source

The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
Tumblr Joins Google, Microsoft as NY Tech Meetup Sponsor

Tumblr Joins Google, Microsoft as NY Tech Meetup Sponsor

One of New York's hottest start-ups, Tumblr, will join the likes of Google and Microsoft as it becomes a sponsor for New York Tech Meetup, the place where Tumblr fostered its growth in the early days of the company's existence back in 2007.
Eastman Kodak black and white film, negatives, film development reels and black and white photographic prints are shown in this studio illustration in Washington

Struggling Kodak Film Group Split up; Shares Soar

Eastman Kodak Co announced a new business structure on Tuesday that divides its film group into its two other business units as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties.
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Cookshop: New York's Go-To Brunchspot in Chelsea

When a restaurant can prove itself as a consistently reliable way to cure a hangover and please the taste-buds in a stylish room, the lines are guaranteed to be long, and in the case of Chelsea's Cookshop, all of the above have been true for years.
Rick Santorum

Santorum Sweater Vests Can be Yours with a $100 Donation

Rick Santorum, presidential candidate and internet meme, is now offering Santorum 2012 sweater vests to Americans who donate more than $100 to his campaign by tomorrow. Don't let sleeves slow you down - donate today! reads the GOP hopeful's website.
Another New York Tech Campus Coming Soon

EDC Alludes to More New York Tech Campuses

A city official said the Economic Development Corporation remained hopeful about creating another tech partnership. If the new plans go through, the EDC could be making an announcement in the coming weeks.
Romney Gingrich

Gingrich and Romney Super PACs Fuel 2012 Fight

If the current Republican primary has taught us anything, having rich supporters with high incomes has become the difference between first and fifth place. Thank the Supreme Court. Its controversial Citizens United decision has prolonged the shelf life of candidates that once would have been long dead. Ask Newt Gingrich.
U.S. Banking System

Bank Bailout - How the U.S. Can Prevent Another One

Regarding its banking system, the United States has now experienced its third generation of "heads the banks win, tails the taxpayer and the public loses.” Is there a better way? Is it possible to create a bank that serves the people of the United States?

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