Joseph Orovic

The ongoing kerfuffle between classic TV services and the web's intermediaries has a new web-streaming combatant, Aereo, which announced on Wednesday a $20.5 million infusion of funding from media veteran Barry Diller.

The Federal Reserve unanimously approved Capital One Financial (COF)'s $9.2 billion purchase of ING Groep NV (INGA)'s online banking unit in the United States, sealing the biggest merger since the Dodd-Frank law enacted stricter reviews of such deals.

The precious metals market followed Wall Street's skid today, as gold and companies that peddle it were driven down by underwhelming retail figures in the U.S., and ongoing concerns over Greece and the Eurozone.

BorgWarner (BWA) on Tuesday reported a 9.1 percent growth in fourth-quarter profit, boosted by soaring drivetrain sales.

Boeing signed a record $22.4 billion order for 230 aircrafts with Indonesian budget airline PT Lion Mentari Airlines.

Standard & Poor's lowered the credit rating of 15 Spanish banks on Monday, following its downgrade of the nation's sovereign long-term debt last month.

Your next order of bacon or sausage at McDonald's may come from a slightly happier pig, as the world's largest restaurant chain has required its pork suppliers end the use of gestation pens, a nod to complaints by animal rights activists.

Green Plains Renewable Energy, an ethanol producer that has catapulted itself to No. 11 on the IBTimes 1000 list by taking the nap-inducing what is nap inducing mean? route of smart expansion while minding dollars and cents.

The constant rumor mill churning around online megalith Amazon.com (AMZN) has offered up a new hatchling, in brick and mortar form. The world's largest online retailer will open a physical store in Seattle, according to Good E-Reader, making it the first major online retailer to jump from an Internet Protocol address to actual zip code.

Diamond Foods nosedived at the opening of the market after an internal probe found the snack company had obfuscated payments booked to walnut growers, leaving investors uncertain of the company's actual earnings.The revelations have jeopardized a deal between the Proctor and Gamble and Diamond for the sale of the Pringles brand of potato chips.

Alcatel-Lucent (NYSE: ALU) plans on eliminating 1,800 jobs across Europe, nixing positions in Belgium, France and Italy.

Walmart will begin slapping Great For You icons to help consumers identify healthier foods made by its private label brand.

Greek officials Tuesday missed yet another deadline to agree to conditions for receiving $170 billion in bailout money, a particularly disappointing development as Athens had appeared earlier in the day to be close to a final deal.

It was a rare case where a megalith drug company's error could lead to a truly jarring side effect: pregnancy. Which begs the question: Could Pfizer realistically pay damages as the result of an unexpected pregnancy caused by a recall? Could a suit feasibly force the company to cover the cost of an abortion?

Precious metals enjoyed a steady climb on Thursday despite a slow day for the broader market, as gold futures reached an eight-week high while the dollar fell briefly and concerns about the Greek debt crisis subsided slightly.

Macy's (NYSE: M) increased its profit outlook as it reported $26.404 billion in sales for fiscal 2011, a 5.6 percent increase year-on, boosted by its strongest fiscal fourth quarter in years and continued growth in online sales.

JC Penney made its first big splash in what will be a three-year effort to rebrand the 110-year-old department store chain. But makeovers can pay a hefty toll in the business world, and the past is strewn with good ideas gone sour. A change in direction does not always lead to success. Fortunately, some companies have the wherewithal to drop a bad idea soon enough to survive. Here are some corporate excursions gone horribly wrong.

Pfizer, the world's biggest drug company, appeared Wednesday to have escaped negative investor reaction after announcing a recall of birth-control pills, with stock prices fluctuating throughout the trading session before closing up 13 cents to $21.31.

Struggling clothing retailer Esprit Holdings will be closing all of its stores and possibly close all of its outlets in the United States if a last-second partner does not materialize.

JC Penney's new Chief Executive Ron Johnson thinks shoppers have dropped the coupon-hounding, sale-chasing era when department stores reigned. Retail territory has been ceded to bargain sellers such as Walmart and Target. The former Apple retail executive offered a much-hyped solution last week, mixing branding, a new pricing structure and a buoyant ethos.

Consumer confidence took an unexpected dip in January, largely driven down by a tepid job market, negating gains over the last two months and falling short of economists' expectations.

Pfizer remained profitable despite a reported drop in quarterly earnings, beating analysts' dire predictions of lost revenue to generic versions of its best-selling drug Lipitor through its non-pharmaceutical units and cost cutting.

Canadian mining company Semafo forecast its 2012 gold production, with the mid-point dipping below last year's output while cash costs rise.

Harmony Gold plans on selling South Africa-based Evander Gold Mines for $219 million (1.7 billion rand) to Pan African Resources and Witwatersrand Consolidated Gold Resources

Chrysler plans on adding 1,600 production workers to an Illinois assembly plant, the first step in a rejuvenation the company expects will add thousands of workers to its payroll over the next three years.

Eastman Chemical is buying Solutia for $4.7 billion, including debt, in an effort to expand into the specialty plastics and chemicals market as well as the Asia-Pacific region.

Sales of new single-family homes dropped in December for the first time in four months, giving 2011 with the dubious distinction as being the slowest year on record for builders, according to figures released on Thursday by the Commerce Department.

Nucor Corp. beat weak expectations for its fourth quarter profit on Thursday with a 25 percent increase in earnings, marking a swing to profitability fueled by an uptick in steel prices and shipments.

The outlook on platinum prices is cautious, said UBS, due to a deteriorating European truck market fueled by the crisis in Europe. The precious metal is a key component in catalytic converters for heavy duty diesel vehicles, tying platinum's outlook to the continued production of cars and trucks.