At least one major refiner, BP PLC (NYSE: BP), has said it is shutting down production in the region. Production shutdowns can lead to price spikes at the pump fairly quickly.
In about two weeks, Apple is expected to hold a large media event to debut several new devices, including a new iPhone - the unofficially dubbed "iPhone 5" - as well as a new iPod Nano, a new 13-inch Retina Macbook Pro, and possibly, a brand-new addition to the iPad line, the "iPad Mini." We believe Apple is going to choose Friday, Oct. 5 to launch the new iPad Mini. Apple iPad Mini Release Date Rumors: Why Oct. 5 Makes The Most Sense To Launch
Internet company AOL Inc. (NYSE: AOL) announced plans Monday to return $1.1 billion to shareholders through a special dividend of $5.15 per share and also to buy back $600 million of stock under an accelerated stock-repurchase agreement with Barclays Bank PLC.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it will pay about $1.6 billion to acquire Kenexa Corp. (NYSE: KNXA), for its human-resources software cloud technologies.
Shares of Samsung Electronics (Seoul: 005930) plunged nearly 8 percent in Seoul Monday following the company’s $1.05 billion loss to Apple (Nasdaq: AAPL), the world's most valuable technology company, in a patent case in U.S. District Court in San Jose, Calif., on Friday.
While Samsung Electronics lost out to Apple in the high profile patent trial, wherein the U.S. court ordered the former to pay $1.05 billion for patent infringements, experts aver that the ongoing partnership among the two companies for supplying components will hold good.
Rental-car company Hertz Global Holdings Inc. (NYSE:HTZ) is buying rival Dollar Thrify Automotive Group Inc. (NYSE:DTG) for about $2.3 billion in cash to increase its global reach.
Samsung Electronics shares tumbled more than 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their U.S. patent battle raised concerns about its smartphone business - its biggest cash cow.
In the wake of the $1.05 billion verdict delivered Friday in the widely watched U.S. intellectual-property case won by Apple Inc. (Nasdaq: AAPL) and lost by Samsung Electronics Co. Ltd. (Korea: 005930), Samsung was battered in Korea Exchange trading Monday.
With the approach of Tropical Storm Isaac in the Gulf of Mexico, about 24.2 percent of the gulf's daily oil production and about 8.2 percent of its daily natural-gas production has been shut-in, according to estimates of the U.S. Interior Department's Bureau of Safety and Environmental Enforcement.
After scoring a decisive win over competitor Samsung in the high-profile patent trial Friday, August 24, Apple has now shifted focus toward Microsoft, and is planning to unveil a smaller iPad, popularly referred to as "iPad Mini" to take on the Redmond software giant's tablet, Surface.
Krispy Kreme Doughnuts Inc plans to open its first Indian store this year, but the maker of the Original Glazed will find it is not alone in its bid to cash in on the $13 billion Western fast food market in Asia's third-largest economy.
Apple had the last laugh in its epic Apple v. Samsung patent-infringement lawsuit and was awarded $1.051 billion in damages by a California jury. Take a look at the list of the patents involved in the lawsuit and the devices that were found to infringe on those patents.
Apple Inc scored a sweeping legal victory over Samsung on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages.
In an epic $1.05 billion verdict Friday in the widely watched intellectual-property case between Apple Inc. (Nasdaq: AAPL) and Samsung Electronics Co. Ltd. (Korea: 005930), a jury in California decided for Apple and against Samsung on six of seven patent-infringement claims centered on mobile devices.
The jury reached an earlier-than-expected verdict Friday in the Apple Inc. v. Samsung Electronics Co. Ltd. et al. case being heard by the U.S. District Court for the Northern District of California, according to multiple media reports.
Zynga Inc. lost another high-profile executive, when Alan Patmore, the San Francisco-based social game developer's general manager for its popular Facebook title "CityVille," left the company for Kixeye Inc.
The Newspaper Association of America on Thursday blasted the Postal Regulatory Commission over a plan to give one of the industry's largest competitors a special discount on advertising circulars.
The drug inhibits cancer-cell growth and is approved in the U.S. for use in treating mesothelioma, caused largely by asbestos exposure, and non-small cell lung cancer cause primarily from smoking cigarettes.
A former executive is suing MTV Networks and its parent, Viacom (Nasdaq: VIA), claiming she was bullied by superiors and discriminated for her age and gender before being unjustly fired.
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, set a new year high after the developer of the Kindle and Kindle Fire said it would now offer streaming video from NBCUniversal, including hot shows such as “Friday Night Lights” and “Battlestar Galactica."
Four months after Sony unveiled its "One Sony" concept to recapture its leading role, Sony has finally offered a glimpse into its practical strategies to streamline integration between different hardware products and media platforms.
According to CNN Money, Best Buy has been having difficulty with founder Richard Schulze regarding his attempts at buying out the company’s remaining shares.
A 70-year-old security worker for the exchange was hit by a truck while eating Chinese food outside and died on the sidewalk Thursday.
Bankrupt photography giant Eastman Kodak Co. (Pink: EKDKQ) announced it plans to sell its legacy businesses in cameras, film and photos to become a company that specialized in printers.
Finnish mobile handset manufacturer Nokia finally seems to have made some headway with long-term partner Microsoft. Nokia is planning to introduce two new Windows Phone 8 devices in association with Microsoft Sept. 5.
As technology industry eagerly waits to hear the verdict of U.S. Federal District Court in Apple (AAPL), Samsung (005930) patent tussle a South Korean Court ruled Friday that both the firms were guilty of patent infringement and banned sales of Apple and Samsung smartphones and tablets.
Everyone knows that black licorice tastes pretty bad, but if you notice that your pack of Red Vines Black Licorice Twists are especially terrible, there's a reason: they're full of lead.
Plaintiffs for the class-action lawsuit filed against Rex Venture Group, ZeekRewards, and the company's found and CEO Paul Burks are being represented by James "Cal" Cunningham, a local politician and former member of the North Carolina Senate.
Salesforce.com's (NYSE: CRM) second-quarter results proved its strategy of adapting its software-as-a-service model to the increased use of the cloud by enterprises can pay off handsomely for investors.