JPMorgan Chase &Co., America's third-largest bank, said Thursday it is cutting positions at its investment banking division after suffering Wall Street's biggest slump in the leveraged loan market.
Adelphia Communications founder John Rigas and his son, the defunct cable company's chief financial officer, have appealed their fraud convictions to the U.S. Supreme Court.
Madonna's deal to abandon Warner Music for concert promoter Live Nation signals more than just a shift in the music distribution business: It shows how far Live Nation is willing to go to break the hold Barry Diller's Ticketmaster has on online concert and sporting ticket sales.
Motorola Inc., badly in need of hit products to spark a turnaround, announced nine new cell phone handsets Thursday to be available this quarter ?including a luxury Razr2 with gold-plated accents.
The euro gained more than a cent against the dollar Thursday in New York on rising risk appetite among investors, before paring back in light of the upcoming Group of Seven summit.
Despite their dismay that Boeing Co. has pushed back delivery of its first 787s by at least six months, airlines waiting for the plane say they can deal with the delay and do not expect it will hurt their operations substantially.
Electronic Arts Inc., the video game developer known for titles such as "Madden NFL"and "The Sims,"said Thursday it will pay up to $775 million (?545.8 million) in cash and stock to acquire two software studios from Elevation Partners.
The Mexican government said Thursday it is moving to revoke the concession of budget airline Lineas Aereas Azteca after it failed to fix safety problems that led to its grounding six months ago.
EU Telecoms Commissioner Viviane Reding said Thursday she was confident the European Commission will back a controversial proposal to split telecoms giants that use their infrastructure advantage to stifle competition.
Wheat futures surged Thursday as investors bet the U.S. Department of Agriculture will cut its estimates for worldwide supply of the grain due to a rash of poor harvests this year and robust demand.
Stocks in the U.S. retreated from lofty heights Thursday after a European Central Bank official pointed to rising price risks and a major Wall Street bank lowered its sales expectations for Chinese Internet company Baidu.com.
Stan Sigman, the president and chief executive of AT&T Inc.'s mobile phone business, announced Thursday he is retiring after 42 years with the company.
Wal-Mart Chief Executive Lee Scott defended the world's largest retailer's reliance on low-cost imports against what he called emerging economic nationalism.
