Chevron, the No. 2 U.S. energy company, won two small legal victories this week that could lessen potential liabilities over alleged pollution in South America. A court in Ecuador had previously levied an $18 billion fine.
Bit by tiny bit, the economy is improving. The progress might at times seem too small or slow to be evident, but it is unmistakably occurring. People may not feel things are good yet, but they are beginning to feel the worse is subsiding, Gary Thayer, chief macro strategist at Wells Fargo Advisors, said.
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.
General Electric Chief Executive Jeffrey Immelt on Monday defended the U.S. Export-Import Bank against charges the export-facilitating lender is corporate welfare and should be shut down.
General Electric Chief Executive Jeffrey Immelt on Monday defended the U.S. Export-Import Bank against charges the export-facilitating lender is corporate welfare and should be shut down.
General Electric Co., the blue-chip U.S. conglomerate widely seen as a bellwether of the state of the American economy, is going on a hiring spree. The company is set to employ 12,000 new workers over the next five years, including 5,000 veterans hired through a special priority-placement program, GE said Monday.
General Electric Co plans to hire 5,000 U.S. military veterans over the next five years and to invest $580 million to expand its aviation footprint in the United States this year.
Stocks and high-yield bonds rallied in U.S. markets Friday, after yet another round of positive economic data proved a boon to investors betting that the economy will improve at a faster rate than previously forecast.
The risk to public health from a severe nuclear power plant accident in the United States is very small because reactor operators should have time to prevent core damage and reduce the release of radioactive materials, U.S. nuclear regulators said in a study on Wednesday.
Even in defeat, Carl Icahn can change companies.
Philips swung to a fourth-quarter net loss as government cuts ate into its healthcare equipment business and a slowdown in European construction activity and consumer spending hit its lighting operations.
Swiss engineering group ABB said it had agreed to buy U.S. electrical components maker Thomas & Betts for $3.9 billion to ramp up its presence in the world's largest market for low-voltage products.
Swiss engineering company ABB (ABBN.VX) was near an agreement Sunday to acquire U.S. manufacturer Thomas & Betts Corp (TNB.N) for about $ 4 billion, the Wall Street Journal reported, citing people familiar with the matter.
“Ron Paul’s followers are not party regulars. He’s not a party regular.
Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
Roche Holding AG's rivals Sanofi SA and Novartis AG see no need to match the Swiss drug maker in buying a gene-decoding business like Illumina Inc and reckon they can do partnerships instead.
With worries about the debt crisis in Europe and high unemployment in the United States drawing the public's attention, the sliding value of corporate pension funds has largely gone unnoticed.
A huge banner in Davos trumpets India's launch of a $35 tablet computer and U.S. group Medtronic Inc is hoping to launch a similar low-cost revolution in medical devices like pacemakers.
United Technologies Corp., manufacturer of jet engines, elevators, and products for the aerospace and building sectors, is expected to report another sizeable profit growth for the fourth straight quarter. But the company and analysts expect a step back in 2012.
While New York technology jobs increase in 2012, America's middle class will be shrinking.
While IBM's rivals have suffered through earnings misses, massive executive upheaval or seismic strategic shifts, Big Blue has been the technology world's most consistently performing company since narrowly avoiding bankruptcy 19 years ago.
