Motorola CEO Ed Zander is being shown the door after failing to revive the mobile device maker's ailing cellphone business. The Brooklyn-born executive - who has been under assault for months by activist investor Carl Icahn - will step down as CEO...
Federal Reserve Chairman Ben Bernanke yesterday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some "headwinds for the...
Dogged pursuit United Rentals, the biggest US construction- equipment rental com pany, wants a judge to force Cerberus Capital Management LP to com plete the $4 billion ac quisition it abandoned earlier this month. United Rentals filed court papers...
Faster iPhone Apple will introduce a version of the iPhone next year that can download from the In ternet at a faster rate, AT&T CEO Randall Stephenson said.Holiday $$ Spending at US retail ers climbed 6.5 percent to $20 billion over the...
Facebook Inc., the owner of the second-most popular social-networking site, gave in to user complaints and agreed to change a program that broadcasts details of members' purchases. Facebook this month started the service, called Beacon, which lets...
Can you Google me now? The online search and advertising giant yesterday said that it plans to bid big bucks for wireless spectrum that the federal government is auctioning off early next year, in a move that could transform the company into a...
Two big New York pension funds were named lead plaintiffs in a series of investor class-action lawsuits accusing mortgage giant Countrywide Financial of inflating earnings and overstating its ability to weather the housing slump. US District Judge...
THE Forbes family, which more than a year ago sold a minority stake in its empire to U2 frontman Bono and his associates at Elevation Partners, continues to dismantle the non-media portion of its family owned empire. The latest to go is the...
TiVo Inc. jumped 25 percent after reporting a narrower loss and saying the U.S. Patent and Trademark Office upheld its patent for digital-video recorders. The decision may bolster its position in a lawsuit against satellite-television provider...
Donald Trump's sweeping $2 billion proposal to build "the world's greatest golf course" in Scotland's breathtaking northeast coast has landed in a sand trap. "Of course I am surprised and disappointed," Trump told The Post yesterday, shortly after...
