The trustee liquidating the assets of imprisoned scamster Bernard Madoff has sued J P Morgan seeking damages worth $6.4 billion for allegedly aiding the fraud committed by him.
Wealthy people are now donating less for charitable purposes, although they still feel an obligation towards such social work, a survey has revealed
Mobile phone maker Nokia Corporation has launched a search to replace current chief executive Olli-Pekka Kallasvuo, who has been struggling to mark a place for the company in high-end smartphone market, says a media report.
In January, Google had threatened to close down its operations in China after discovering hacking attempts into email accounts of Chinese human rights activists.
A record 15 million people around the world this year entered America's green-card lottery, an immigration scheme offering a quick path to legal and permanent United States residency for 50,000 people annually, a media report said on Monday.
AIG Rail Services Inc, a Chicago business that is part of AIG's financial-services division, was set up around five years ago and provides rail-car leases and equipment financing to shipping companies, railroads and others.
Private equity firm Elevation Partners has invested $120 million in Facebook Inc by buying shares of the social networking site, a media report said.
United States President Barack Obama is expected to "try his level best to avoid the K-word -- Kashmir" during his three-day trip to India that starts next week, a newspaper has reported.
The Wall Street Journal is working towards aligning its India strategy to the practices it follows globally, that is, to increase focus on digital distribution.
The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.
The US had lost communication with nearly 50 intercontinental ballistic nuclear missiles, one-ninth of its arsenal for 45 minutes over the weekend, even as defence officials said that there were no chance of an accidental launch or foul play, a media report said on Wednesday.
The next-generation iPad, which is unofficially termed the 'iPad 2', is expected to be 'thinner and lighter'.
According to the Wall Street Journal, Pakistan will again raise their demand for a deal -- similar to one the US has with India -- during US Secretary of State Hillary Clinton and Pakistan Foreign Minister Shah Mahmood Qureshi's meeting in Washington on October 22.
In the coming week, the United States and Pakistan will hold their third strategic dialogue since March this year and Pakistan is all set to renew its attempt to push for a civilian nuclear deal with Washington.
Media giant AOL, along with some private equity firms, is 'exploring' making an offer to buy Yahoo Inc, as the Internet company deals with poor financial performance and an exodus of senior executives, a media report said.
Goldman Sachs is seeking to avoid a fraud charge as part of its settlement with the United States market regulator SEC, which had charged the investment banking major with defrauding investors by misrepresenting facts, a media report said.
Lehman Brothers Holdings Inc's estate has filed a lawsuit against JPMorgan Chase, alleging that the Wall Street major siphoned billions of dollars just days before the demise of the company.
Berkshire has reduced its stake as various regulatory inquiries and a slowdown in the business of rating lucrative structured bonds has taken a toll.
Apple is working on less-expensive iPhones, while undertaking an overhaul of applications amid growing competition.
In an interview to The Wall Street Journal, Motorola co-chief executive Sanjay Jha said he is willing to look at using Microsoft's operating system if the software company gets it right.
Attributing to people familiar with the matter, The Wall Street Journal said AIG is preparing to pay Kelly several million dollars in severance after she resigned over federal pay curbs.
India's capacity to deal with terror is better today than what it was two years ago. And I can say with confidence our capacity to deal with terror next year would be even better from what it is today, says home minister
Jobs has been taking business meetings at home and on the phone.
The new version of the iPad will have a camera on the front of the device for features like video-conferencing, the Wall Street Journal quoted people familiar with the matter as saying.
Lawyers of embattled Goldman Sachs met with representatives of the US market regulator SEC this week, a move seen as an attempt to settle the lawsuit against the banking major, according to reports.
Attributing to people familiar with the matter, The Wall Street Journal reported that HP's board met for nearly three days through September 17 for discussions that included an update on the CEO search.
The conviction of Pakistani national Ajmal Kasab by a Mumbai court in 26/11 terror attack case has been widely carried in the US media on Tuesday, the day on which it was itself grappling with trying to find out who was behind the failed Times Square car bombing.
Indian American Reshma Saujani hopes to become the next United States Congresswoman from New York. It is a difficult race to win the New York primary slated to be held on Tuesday, but she is counting on immigrant power and her Wall Street connections. Aseem Chhabra speaks to the candidate.
Hewlett-Packard Co sued its former chief executive Mark Hurd to block him from joining rival Oracle Corp as a senior executive, alleging the hiring breaches his exit agreement and will lead to a transfer of technology giant's trade secrets to a competitor.
Goldman Sachs' director Rajat Gupta tipped off Raj Rajaratnam, an accused in insider trading scam, about a deal between Buffett-led Berkshire Hathaway and the Wall Street giant, before the public announcement.
The US government is examining the possible role of Goldman Sachs and well-known investment banker Rajat Gupta in the Galleon hedge fund insider trading scam, says a media report.
'Is it too much when senior -- very senior --politicians fear the law so little that they accept payment through cheques, something that can be easily traced?'
Joining the debate on the controversy over the proposed mosque near Ground Zero, the father of Wall Street Journal reporter Daniel Pearl, who was beheaded by militants in Pakistan, has said the mosque should not be built there and should be moved to another location.
The US Federal Trade Commission is understood to be preparing for an antitrust challenge against Internet giant Google's proposed purchase of mobile advertising firm AdMob, a media report says.
The US-hosted Nuclear Security Summit, to be attended by leaders of 40 countries including Prime Minister Manmohan Singh, is expected to issue a communique endorsing a global crackdown on illicit trade of nuclear material. A draft communique also calls for securing all vulnerable nuclear materials within 4 four years, The Wall Street Journal reported on Wednesday.
As per the study of CEOs of 200 major US companies, the median compensation fell marginally by 0.9 per cent to $6.95 million in 2009, the Wall Street Journal said, citing an analysis by Hay Group management consultancy.
Ajit Balakrishnan on the surprising drivers of mathematical innovation.
Time Warner Inc's popular business magazine Fortune is planning to publish fewer issues annually and make other changes that could result in job cuts, says a media report.
A few weeks ago, contrary to speculations among the Chinese, Zhao Baige, deputy director of the National Population and Family Planning Commission of China, announced that the country would be continuing with its one-child policy for another five-year term starting 2011.
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