The Semiconductor Industry Association, which represents the top U.S. chipmakers, lauded bipartisan approval in the U.S. Congress to boost funding for both the National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST).
Medical device and drugmaker Abbott Laboratories (NYSE: ABT) said it will pay $1.6 billion to settle federal and state claims regarding illegal off-label sales and marketing of its neurologic medication Depakote.
Micron Technology Inc. (NYSE: MU), the only U.S. maker of memory chips, has won a bid for the assets of rival Elpida Memory of Japan, which collapsed in February.
The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.
British bank Barclays PLC (London: BARC) is making a grand entrance into the U.S. retail banking space, debuting an online savings account this week that pays substantially more in interest to accountholders than its closest competitors.
First-quarter earnings season is winding down, with about 84 percent of the S&P 500 constituents already out with their results. However, we will still see a number of bellwether companies reporting results this week, including: Walt Disney, Macy's, Kohl's, OfficeMax, Cisco Systems, Nvidia, News Corp., AOL, Tyson Foods and Priceline.
Two weeks from now, management at Facebook (Nasdaq: FB), the No. 1 social network, will likely be partying. CFO Dave Ebersman probably will be tallying up at least $6.3 billion in cash from its initial public offering.
Layoffs, store closures, massive loss of earnings, and the departure of its CEO -- nothing is going right with the world's largest consumer-electronics specialty retailer.
Disappointing jobs growth in the U.S., together with shrinking manufacturing and services activity in the euro zone, had equities and commodities in retreat and bond yields down. News this weekend isn't likely to calm jitters, with elections in both Greece and France, which may get its first new socialist president since 1981.
Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 337.4 million shares at $35 apiece, which could raise as much as $13.6 billion, assuming over-allotment options.
The Obama administration will reportedly restrict hydraulic fracturing, or fracking, by promulgating a set of rules governing such practices on federal land.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it agreed to acquire privately held Tealeaf Technology, a specialist customer analytics software.
The California State Teachers' Retirement System (CalSTRS) is suing Wal-Mart Stores Inc. (NYSE: WMT), accusing leaders of the world's biggest retailer of not upholding the best interest of shareholders by quashing an investigation of bribery of public officials by its Mexican subsidiary.
The top aftermarket NYSE gainers Thursday were: Dolby Laboratories, Heckmann Corp, Leapfrog Enterprises, Cincinnati Bell, LinkedIn Corp and Active Network. The top aftermarket NYSE losers were: TAL International Group, Proto Labs, Northstar Realty Finance, InvenSense and Assisted Living Concepts Inc.
Nokia (NYSE: NOK), the ailing Finnish mobile products maker, will add tablets to new smartphones as part of its turnaround, Chairman Jorma Ollila said.
The initial public offering of private equity firm The Carlyle Group LP (Nasdaq: CG) opened slightly below the IPO price of $22 on Thursday before climbing as high as $22.39. Shortly before the closing bell, shares were trading at $22.02.
The part-nationalized bank is expected to make the announcement on Friday during its first-quarter update, where it will also announce pre-tax losses of under £50 million, down from losses of £106 million this time last year.
Facebook, the 901-million-member social network priced its initial public offering at $35. It could be the biggest-ever IPO.
Temasek Holdings, the Singapore state-owned investment group sold $2.48 billion of shares in Bank of China Ltd. and China Construction Bank Corporation as profit growth in banks is decreasing with tighter controls on lending in the country.
BP Plc. (NYSE: BP) won preliminary approval of its proposed $7.8 billion settlement of claims relating to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.
Shares of auctioneer Sotheby?s (NYSE: BID), which handled Wednesday?s record-breaking sale of Edvard Munch?s ?The Scream,? dropped as much as 5.1 percent in Thursday trading.
