Exxon sticks to fossil fuels in near term despite alt energy push in U.S.
Exxon Mobil Corp, the world’s largest traded oil and natural gas company, is keeping fossil fuels as part of its primary strategy for the near term despite a growing U.S. government push for alternative energy sources with less impact on climate change, the company’s chief executive said recently.
Beatles reveal Rock Band details
DENVER - The surviving members of the Beatles unveiled new details about their upcoming Rock Band videogame at the E3 videogame conference in Los Angeles.
Cisco to replace GM in the Dow, stocks rise
Cisco Systems Inc announced on Monday its inclusion in the Dow Jones Industrial Average, replacing General Motor Corp which filed for bankruptcy in the morning, effective on June 8.
JPMorgan, Amex to sell stock to get out of TARP
JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.
NY offers podcasts of famed film and TV spots
Visitors to the Big Apple will be able to scope out some of the city's famous sites that have been featured in films and television shows with free podcasts unveiled by the city on Monday.
ASEAN-EU free trade talks stalled
The free trade talks between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) have been stalled after two years of talks.
Gov. has 'no interest' in running GM
President Obama said on Monday that the U.S. government has no interest in running General Motors although tax-payers will own a majority of the strugling company after it emerges from bankruptcy.
Wall Street jumps on recovery bets and GM; AmEx off late
U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
Bank of America wins in $1 billion-plus Calif lawsuit
California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.
Fed lays out rules for banks wanting to repay TARP
The largest U.S. banks seeking permission to re-pay the government aid received will have to meet some conditions the Federal Reserve said on Monday.
U.S. manufacturing shrinks at slower pace in May
The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.
Cisco Creates New Opportunities for Partners to Participate in $34 Billion Collaboration Market
Networking giant Cisco Systems on Monday introduced new IP phones and expanded opportunities for channel partners to sell Cisco TelePresence systems and licenses.
JPMorgan Chase to raise $5 bln,eyes June TARP exit
JPMorgan Chase & Co said on Monday it plans to raise $5 billion of common equity, which it said will enable it to repay this month the $25 billion it took from the government's bank bailout plan.
What happened to Flight 447?
So what happened to Air France Flight 447? It is early and speculation at this juncture is often wildly wrong. And remember, there are usually several factors that conspire to bring an airliner down.
Microsoft signed deal with Merck & Co. to acquire Rosetta Biosoftware
On June 1, Microsoft Corp. together with Merck & Co. Inc has signed an agreement to acquire certain assets of Rosetta Biosoftware, a business unit of Rosetta Inpharmatics LLC.
Wall Street soars on economic optimism, GM relief
U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
Air France jet crashes into Atlantic with 228 aboard
An Air France plane with 228 people on board was presumed to have crashed into the Atlantic Ocean on Monday after hitting stormy weather during a flight from Rio de Janeiro to Paris.
Oracle Identity Manager gets SoD integration architecture
Oracle has extended its Oracle Identity Manager capabilities which includes a new Segregation of Duties (SoD) integration architecture that provides complete, hot-pluggable support for all leading SoD engines.
Cinedigm touts Q&A as way of digital cinema future
Cinedigm said on Monday it will host the first live, virtual question-and-answer session between a film's cast in one location and audiences in separate theaters to show off a new way that digitally equipped cinemas can lure audiences.
Tired talent star Susan Boyle admitted to clinic
British singing sensation Susan Boyle was admitted to a London clinic suffering from emotional exhaustion after being beaten in the final of the Britain's Got Talent TV contest, judges on the show said on Monday.
Foundation Coal settles litigation with ArcelorMittal
Foundation Coal settles litigation with ArcelorMittal
Foundation Coal Holdings, Inc on Monday said it has reached its settlement agreement ending litigation with the world’s largest steelmaker ArcelorMittal after it had acquired by Alpha Natural Resources Inc for $1.5 billion.
Adobe's new Flash Catalyst, Builder gives edge to Designers and Developers
Adobe's new Flash Catalyst, Builder gives edge to Designers and Developers
Disney buys mom-oriented websites from Kaboose
The Walt Disney Co on Monday said it closed an $18 million deal to buy several Web sites from Kaboose Inc as part of a long-standing effort to beef up its Web presence and advertising muscle among parents, especially mothers.
Delphi in deal to emerge from bankruptcy
Delphi Corp said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.
DirecTV CEO might return to News Corp: reports
DirecTV Group Inc Chief Executive Chase Carey might return to News Corp to succeed the media conglomerate's departing No. 2 executive, Peter Chernin, several news outlets reported on Sunday.
Obama: GM bankruptcy ‘painful’ but necessary
President Barack Obama said Monday the bankruptcy of GM was a “painful” yet necessary step to ensure the company’s survival.
E3 seen returning to glitz
The interactive videogame industry's biggest convention in Los Angeles promising a return to its glitzy past, but on the heels of weak sales and the slumping economy, the future of this fun and games business is no laughing matter.
Citi, Morgan Stanley start brokerage JV early
Morgan Stanley and Citigroup Inc have started their retail brokerage joint venture at least a month ahead of schedule, but have already lost more than 1,500 brokers.
Wall Street advances on economic hopes, GM relief
U.S. stocks rose on Monday, sending the S&P 500 to a seven-month high, as reassuring economic data reinforced hopes of economic stabilization, while General Motor's long-expected bankruptcy petition lifted uncertainty about the automaker's fate.
Philadelphia creates green jobs to weatherize row houses
The City of Brotherly Love is tackling rising unemployment and improving the energy efficiency of homes by training people to weatherize its estimated 400,000 low-income row houses.
