Bank of America Corp will slash 3,500 jobs in the current quarter and is working on broader restructuring that could eliminate thousands of additional positions, a media report says.
A new report on American journalist Daniel Pearl's killing presents fresh evidence that 9/11 mastermind Khalid Sheik Mohammed executed the reporter in Pakistan nine years ago and four men imprisoned for the crime were convicted on the basis of perjured testimony.
Justice Department staff lawyers have begun preparing legal documents for use in a possible court challenge to the $700 million deal for ITA Software, the report said adding that no decision to proceed has been made.
Research In Motion has denied an Indian media report that said the company has offered to install a network data analysis system at its India office to allow access to emails sent through its BlackBerry smartphones to Indian security agencies.
Heads continued to roll in the News of the World phone hacking scandal as Rupert Murdoch's top executive and Dow Jones CEO Les Hinton became the latest high-profile personality to resign from his post. Hinton was the chief executive of Dow Jones, publisher of the Wall Street Journal. Rebekah Brooks, chief executive of the media group's UK newspaper arm News International had quit on Friday.
According to the daily, the fine is expected to be the largest penalty ever levied on a single company by the US Federal Trade Commission.
The Wall Street Journal has reported the civil probe, which has the potential to reshape how companies compete on the Internet, is the most serious legal threat yet to the 12-year-old company.
Attributing to people familiar with the matter, The Wall Street Journal said, 'federal prosecutors, after a two-year investigation, may soon decide not to charge executives for their role surrounding financial contracts that nearly brought down the company.'
Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.
Social networking giant Facebook's growth appears to be slowing down, especially in the United States, according to a report.
Internet search giant Google has sued the US Department of the Interior alleging that the federal agency favoured rival Microsoft while considering bids for e-mail and collaboration software for its 88,000 employees.
Cook revealed only a handful of incremental insights on Apple''s products and strategies.
Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report.
The Justice Department investigation, involves card company policies that prevent merchants from encouraging customers to use cards that have lower processing fees.
Top US officials are unhappy over some Inter-Services Intelligence elements continuing to support the Haqqani network to counter India's presence in the region, amid fears that Pakistani military is "unable or unwilling" to act against Taliban and Al Qaeda in the restive tribal belt.
US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.
Amazon, in recent years, has emerged as a disruptive force in shopping, attracting millions of customers across the globe - the US and India in particular - to shop online.
Julka recalls that after the May conviction of Gupta's billionaire friend hedge fund founder Raj Rajaratnam, Gupta seemed worried and nervous about his own future.
The proposed agreement is not final, and could fall apart, the report noted.
Morgan Stanley plans high-level management changes, which includes finance chief Colm Kelleher and veteran banker Paul Taubman taking charge of the company's institutional securities unit.
Blankfein will at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam.
The US said that there has been no "significant impact" on its military to military relationship with Pakistan after Islamabad refused to release an American diplomat detained on possible murder charges.
Indian-American Deven Sharma, the president of Standard and Poor's, is stepping down by year end, an announcement coming only weeks after the credit rating agency downgraded American credit rating.
The Wall Street Journal has reported that the SEC has contacted many investment banks whose analysts cover generic drug-maker Mylan, asking about a meeting the company hosted last September with those analysts and a group of investors.
In written responses to questions from The Washington Post and The Wall Street Journal published on Monday, Chinese President Hu Jintao insisted that his country believes in the principle of peaceful co-existence, as he prepared to meet his counterpart Barack Obama at the White House next week.
SEC rules require companies with 500 or more shareholders of record in a given type of stock to publicly disclose certain financial information.
Attributing to people familiar with the matter, The Wall Street Journal said the software company could announce major organisational changes at its entertainment and devices division as early as this week.
The US markets regulator is investigating Mark Hurd's departure from Hewlett-Packard Co as part of a broad inquiry that will also look into claims that the former chief executive leaked inside information on a multi-billion dollar deal, says a media report.
Their recommendations have something to take note by Indian exporters and policy makers.
In December last year, United States President Barack Obama issued a secret directive to all the top officials in his administration dealing with internal security and foreign policy affairs, urging them to find out ways to increase America's involvement in alleviating the rising tension between India and Pakistan, according to a report in the Wall Street Journal.The directive was mentioned, says WSJ, in a memo written by National Security Adviser James Jones.
"Citigroup has struck a deal to sell a $ 1.7 billion portfolio of private-equity assets to European buyout firm AXA Private Equity," The Wall Street Journal reported citing a source.
The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase.
Negotiations that continued till 2009 eventually failed and the money could not be recovered.
United States President Barack Obama will be in India on November 6 for his longest State visit yet. Apart from our own coverage, we provide you this one-stop blog of what the world media is saying about the visit and its significance
Insurer American International Group will recover $45 million from its employees given as retention payments last year and return the amount to the government, a media report says.
According to a Wall Street Journal report, on the night of November 27 at least 60,000 couples will be tying the knot in the romantic Delhi winter. As the long season of weddings gets underway, we find out just what this nuptial boom spells out for those in the business of marriage and others who're getting married.
Wealthy people are now donating less for charitable purposes, although they still feel an obligation towards such social work, a survey has revealed
Were you desperate to land an astrologically auspicious date for your wedding? How did it pan out?
In January, Google had threatened to close down its operations in China after discovering hacking attempts into email accounts of Chinese human rights activists.
Pakistan's Inter-Services Intelligence is pushing the Taliban to attack American troops and their allies based in Afghanistan, the media here has said, close on the heels of a White House report that slammed Islamabad for not doing enough to battle terrorists holed up near the Afghanistan-Pakistan border.
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