MANAGEMENT

Energy conglomerate Reliance Industries reported its first quarterly profit drop in more than two years, and moved to bolster its underperforming shares by announcing a share buyback of up to 104.4 billion rupees.

Morgan Stanley CEO James Gorman was awarded a $10.5 million bonus for 2011, down 25 percent from the previous year, according to a source familiar with the matter.

Oklahoma City guard Russell Westbrook signed a max contract extension worth $80 million over five years on Wednesday.

Billionaire investor Carl Icahn is buying some of the debt of hedge fund manager Philip Falcone's LightSquared Inc. as the ailing wireless-network company runs short of cash, according to two sources familiar with the matter.

Apple unveiled three new pieces of education software on Thursday -- iBooks 2, iBooks Author and iTunes U -- to collectively kill the school textbook once and for all. Despite this brilliant move, the hardware restrictions of the iPad 2 hold back the power of the iBooks software. This will change with the iPad 3.

Europe's telecom shares have long been seen as safe houses when the wolf is at the door, but recession, fierce competition and costly network upgrades are huffing and puffing at their capacity to pay generous dividends.

General Electric Co's (GE.N) fourth-quarter revenue fell short of Wall Street expectations because of slower-than-expected growth in Europe, sending its shares down 2.5 percent in premarket trading.

Just 12 for 44. That's what Amare Stoudemire and Carmelo Anthony combined from the field last night. No way 27% shooting will cut it for the Knicks' top scorers. Another lackluster performance by the offense led the Knicks to drop their fourth straight game as they fell to the Suns 91-88.

A pricey settlement over bond insurance pushed Morgan Stanley into the red in the fourth quarter, but the Wall Street bank still posted better-than-expected results, due to a focus on cost cuts and relatively strong performance in equities trading.

There is a looming environmental disaster since the Costa Concordia ran aground on Friday. Officials are worried that the 2,400-tons of diesel fuel may leak into Italy's west coast.

Priceline, the travel bargain site, is killing off their iconic Priceline Negotiator, played by William Shatner for the last 5 years, by sending him off a cliff.

Photography firm Eastman Kodak Company and its U.S. subsidiaries have filed for chapter 11 business to boost liquidity, monetize non-strategic intellectual property and fairly resolve legacy liabilities.

Spain passed its biggest test of market sentiment so far this year on Thursday, selling far more longer-term debt than expected as the government pressed ahead with efforts to tackle its problems with the help of a European Central Bank backstop.

Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies.

Samsung has said that the company is looking into ways of bringing out new smartphones with batteries that last an entire day under average to moderately heavy use, according to the latest report. This could be incorporated in the Samsung Galaxy S3, expected to be launched early this year.

Federal authorities announced at a press conference on Wednesday that seven individuals were brought up on insider trading charges as part of a five-year investigation conducted by the Justice Department.

EBay Inc gave a conservative quarterly sales forecast despite unveiling better-than-expected results, warning that a weak European economy may take the gloss off rip-roaring growth in online commerce.

Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds.

A 2.5-magnitude earthquake hit south of Washington, D.C., on Wednesday morning, causing no reported damage, but resulting in two aftershocks.

The New York Knicks will get an up close look at their top point guard target on Wednesday when they take on Steve Nash's Phoenix Suns.

Republican presidential candidate Mitt Romney’s admission that his income tax rate was “probably closer to 15 percent than anything” may re-ignite the debate on the lower tax rate for capital gains and carried interest than for ordinary income -- the income category for most typical Americans.