WSJ.com US Business
Jerome York Dies at 71
Turnaround expert Jerome York died after being stricken with a brain aneurysm. After helping to revamp IBM, he led Kerkorian's attempts to force changes at Chrysler and GM.
Categories: Stocks
Prius Probe in New York Suggests Driver Error
The results of an investigation of a Toyota Prius accident in Harrison, N.Y., suggest driver error may have been to blame for the crash.
Categories: Stocks
Teva to Buy Ratiopharm
Teva said it will buy generic drug maker Ratiopharm for $4.97 billion, catapulting the Israeli drug maker to a top position in the European generic drug market.
Categories: Stocks
Astra Wins in Seroquel Case
A jury in a New Jersey state court ruled in favor of AstraZeneca, rejecting a Louisiana plaintiff's claims that antipsychotic drug Seroquel caused diabetes.
Categories: Stocks
Apple Races to Strike iPad Content Deals
Apple is still working to secure content for the iPad with just weeks to go before the tablet computer's release, said people familiar with the matter, as the company tempers some of its initial ambitions for the much-hyped device.
Categories: Stocks
Viacom, Google Trade Barbs
Viacom and Google pointed fingers at each other over postings of copyrighted content on the video-sharing Web site, in documents released as part of their litigation.
Categories: Stocks
Cuomo Expands Pension Probe
New York's attorney general said his office will investigate what he called "manipulation" of government workers' salaries and overtime pay to secure inflated pensions in a practice known as "pension spiking."
Categories: Stocks
Toyota Demands ABC Retract Report
Toyota has asked ABC News for a public retraction and formal apology for an "irresponsible broadcast" last month that purported to show how electronics problems in Toyota vehicles could lead to unintended acceleration.
Categories: Stocks
Benetton Revamps Management
Benetton has tapped new managers to run the apparel maker, underscoring the long-running battle to bring the company up to speed with fast-fashion chains.
Categories: Stocks
GameStop Posts Drop in Net but Lifts Outlook
GameStop's earnings fell 7.1% as holiday sales were hurt in part by the weak economy and a shortage of gaming systems, but analysts pointed to signs the videogame retailer's core customer has remained loyal despite overtures from big-box retailers.
Categories: Stocks
Tullett Wins Poaching Claim
U.K. broker Tullett Prebon won its employee-poaching claim against rival BGC Partners in a judgment from the U.K's High Court.
Categories: Stocks
Wachovia Settles Money-Laundering Case
Wachovia agreed to pay $160 million to settle Justice Department allegations that a failure in bank controls enabled drug traffickers to launder money through the bank.
Categories: Stocks
Lehman Blasts Barclays Over Deal
Lehman Brothers renewed its bid to have a federal judge revisit Barclays' purchase of its U.S. operations, claiming the British bank pocketed billions in assets without telling the court.
Categories: Stocks
McLaren Plans High-End Sports Car
One of the most successful teams in Formula One motor racing is gearing up to challenge sports-car makers with its own high-performance vehicles for the road in a move it hopes will secure its long-term future.
Categories: Stocks
Ex-Anglo Irish Chairman Arrested
Irish police arrested Anglo Irish Bank's former chairman Sean FitzPatrick in connection with irregularities at an Irish financial institution.
Categories: Stocks
American Airlines Hit With $300,000 Proposed Fine
Federal air-safety regulators proposed their second civil penalty in less than a week against American Airlines for alleged maintenance lapses.
Categories: Stocks
Carrefour Fills Key Europe Post
French retail giant Carrefour named Vicente Trius, a Wal-Mart Stores executive, to head its European operations outside of France.
Categories: Stocks
Google Pushes TV Initiative
Google has lined up partners, including Intel and Sony, in the Internet giant's recent quest to move its technology into the living room, people familiar with the situation say.
Categories: Stocks
FedEx Cites Stronger Recovery
Fedex raised its full-year earnings forecast and said its fiscal third-quarter profit more than doubled amid strength at the airline freight unit.
Categories: Stocks
Another Departure at Unilever
Unilever said that Vindi Banga, president for global foods, home and personal care, resigned. His is the latest in a series of notable departures under the new CEO.
Categories: Stocks
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