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Companies
Lilly Bids $6.5 Billion for ImClone, Bristol Bows Out
October 6, 2008, 4:37 pmEli Lilly and Co LLY.N has agreed to acquire ImClone Systems Inc for $6.5 billion.
With New Tech, POSCO Braces for Strict Carbon Rules
October 5, 2008, 10:48 am
POSCO moves to new technology to cope with stricter emission rules.
Wells Fargo Bids $16 Billion for Wachovia
October 3, 2008, 5:46 pm
Wells Fargo agreed to buy Wachovia for about $16 billion, upstaging a government-backed Citigroup Inc bid.
False iReport News Plays Havoc with Apple Stock
October 3, 2008, 5:45 pm
A false Internet report that Apple Inc’s Steve Jobs had suffered a heart attack briefly slammed his company’s stock Friday.
Ten Percent of People Risk Lost TV Signal in February—FCC Commissioner
October 2, 2008, 10:26 pm
Broadcasters have spent billions informing the public that TV signals in the United States are going digital in February 2009.
GM September Sales Fall 16 Percent
October 1, 2008, 2:32 pm
General Motors Corp said that U.S. light vehicle sales fell 16 percent in September to 282,806 units.
Back-To-School 2008 A Drag on Retailers
October 1, 2008, 12:00 pm
Back to school shopping season left many retailers wishing for more.
Financial Crisis Weighs on Executives’ Minds
October 1, 2008, 10:20 am
The financial crisis has caused business executives to rein in their expectations for growth.
Wal-Mart Asks Suppliers to Avoid Uzbek Cotton
September 30, 2008, 3:34 pm
Wal-Mart said it is requiring its suppliers to stop sourcing cotton from Uzbekistan to stop child labor.
Citi Buys Wachovia Assets
September 29, 2008, 10:46 am
Citigroup Inc. agreed to purchase Wachovia’s banking operations and assets in an all stock deal valued at $2.16 billion.
