The city council of Birmingham, England, is prosecuting candy and beverage company Cadbury Schweppes for manufacturing and selling chocolate contaminated with salmonella bacteria last year. The company recalled more than one million chocolate bars,...
Rupert Murdoch's media conglomerate the News Corporation has bid $5 billion for Dow Jones, the parent company of the Wall Street Journal newspaper. There had been no announcement that Dow Jones was available for sale. Although the Dow Jones board of...
The News Corporation is not the only media conglomerate trying to buy a well-known financial news publisher. British news and financial information provider Reuters announced that Canada's Thomson Corporation has made a bid to buy them out. Thomson...
Venezuelan President Hugo Chvez celebrated May Day, the international workers' holiday, by issuing a decree that transferred control of the country's last privately owned oil fields to government control. The state will own at least 60% of every oil...
When investigations began looking into corruption charges at 160 year-old German technology company Siemens AG, Chief Executive Klaus Kleinfeld pledged to restore the company's reputation. When the company's supervisory board wanted to postpone disc...
For the first quarter of 2007, Toyota sold 2.35 million cars, more than any other auto maker in the world. U.S. company General Motors had held the title of world's top auto seller since 1931, not counting two brief periods in the 1970s and 1980s wh...
Millions of people in North America, Asia, and Europe lost access to their email for up to 12 hours when a software upgrade caused problems with central systems at Canadian company Research In Motion, maker of the BlackBerry email device. The softwa...
The British pound's value reached its highest point against the US dollar in 26 years. On Tuesday, the pound was worth two United States dollars for the first time since 1992, and the dollar later slipped to its lowest point against the pound since...
Search engine Google has made the biggest deal in their history, outbidding Microsoft to pay $3.1 billion for web ad supplier DoubleClick. Until now, Google's advertising business has focused on small advertisers, but DoubleClick's relationships wit...
