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    • File of pedestrians walking past a Sprint store in New York
      Analysis: Sprint should raise Clearwire bid to avoid Dish tension Reuters - 2 hrs 37 mins ago

      By Sinead Carew and Liana B. Baker NEW YORK (Reuters) - Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious … More »Analysis: Sprint should raise Clearwire bid to avoid Dish tension

      File of pedestrians walking past a Sprint store in New York

      By Sinead Carew and Liana B. Baker NEW YORK (Reuters) - Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen. Shareholders of Clearwire, already majority owned by Sprint, …

    • Sony Corp's President and CEO Hirai speaks during the Sony Corporate Strategy Meeting at the company's headquarters in Tokyo
      Sony to consider Third Point's proposal: Sony CEO Hirai Reuters - 9 mins ago

      TOKYO (Reuters) - Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics … More »Sony to consider Third Point's proposal: Sony CEO Hirai

      Sony Corp's President and CEO Hirai speaks during the Sony Corporate Strategy Meeting at the company's headquarters in Tokyo

      TOKYO (Reuters) - Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics company's profitable entertainment arm. Hirai made the comments at an annual shareholders' meeting in Tokyo. Hirai said it was important for Sony to …

    • Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange
      Icahn reiterates commitment for Dell buy Reuters - 6 hrs ago

      By Michelle Sierra NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his … More »Icahn reiterates commitment for Dell buy

      Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange

      By Michelle Sierra NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day …

    • Euro ministers to decide direct bank recapitalization rules on Thursday Reuters - 42 mins ago

      By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, … More »Euro ministers to decide direct bank recapitalization rules on Thursday

      By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth. Ministers from the 17 countries using the euro will also set guidelines …

    • Exclusive: Forest mulls bid for Irish drugmaker Elan - sources Reuters - 5 hrs ago

      By Jessica Toonkel and Soyoung Kim NEW YORK (Reuters) - Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among … More »Exclusive: Forest mulls bid for Irish drugmaker Elan - sources

      By Jessica Toonkel and Soyoung Kim NEW YORK (Reuters) - Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp Plc, two people familiar with the situation said. Elan, which has a market capitalization …

    • SandRidge ousts CEO Ward, Bennett takes the helm Reuters - 1 hr 53 mins ago

      By Anna Driver and Michael Erman (Reuters) - SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday … More »SandRidge ousts CEO Ward, Bennett takes the helm

      By Anna Driver and Michael Erman (Reuters) - SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders. Ward, who was …

    • Rocket's Lazada gets $100 million in bid to be Southeast Asia's Amazon Reuters - 24 mins ago

      By Jeremy Wagstaff (Reuters) - Lazada, the Southeast Asian online retail company founded by Germany's Rocket Internet Gmbh, has secured another $100 million from investors … More »Rocket's Lazada gets $100 million in bid to be Southeast Asia's Amazon

      By Jeremy Wagstaff (Reuters) - Lazada, the Southeast Asian online retail company founded by Germany's Rocket Internet Gmbh, has secured another $100 million from investors in its bid to lift the region from its status as an e-commerce backwater. While online shopping is big in Europe, the United States and even in China, …

    • FILE - In this Thursday, May 6, 1999 file photo, George Zimmer, second from left, gestures to Andy Dolich prior to a meeting, in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive chairman. In a terse release issued Wednesday, June 19, 2013, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from one small Texas store using a cigar box as a cash register to one of the nation's largest specialty retailers in men's clothing, with 1,143 locations. (AP Photo/Ben Margot, File)
      Men's Wearhouse ousts founder, pitchman Zimmer Associated Press - 2 hrs 26 mins ago

      NEW YORK (AP) — Men's Wearhouse doesn't like the way its founder looks anymore. More »Men's Wearhouse ousts founder, pitchman Zimmer

      FILE - In this Thursday, May 6, 1999 file photo, George Zimmer, second from left, gestures to Andy Dolich prior to a meeting, in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive chairman. In a terse release issued Wednesday, June 19, 2013, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from one small Texas store using a cigar box as a cash register to one of the nation's largest specialty retailers in men's clothing, with 1,143 locations. (AP Photo/Ben Margot, File)

      NEW YORK (AP) — Men's Wearhouse doesn't like the way its founder looks anymore.

    • Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, June 19, 2013. The Federal Reserve signaled Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. Bernanke said the Fed could start scaling back its $85 billion in monthly bond purchases later this year if the economy continues to improve. He said the reductions would occur in "measured steps" and that the purchases could end by the middle of next year. (AP Photo/Susan Walsh)
      Fed suggests it's closer to slowing bond purchases Associated Press - 1 hr 47 mins ago

      WASHINGTON (AP) — In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely … More »Fed suggests it's closer to slowing bond purchases

      Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, June 19, 2013. The Federal Reserve signaled Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. Bernanke said the Fed could start scaling back its $85 billion in monthly bond purchases later this year if the economy continues to improve. He said the reductions would occur in "measured steps" and that the purchases could end by the middle of next year. (AP Photo/Susan Walsh)

      WASHINGTON (AP) — In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.

    • FILE -This Nov. 27, 2012 photo shows a 2013 Honda Civic is shown in Detroit. Porsche and GMC have the highest-quality vehicles in a new survey of U.S. car owners. But the survey suggests overall quality is falling because of glitches with new technology, like navigation and voice recognition systems. The survey, released Wednesday, June 19, 2013, questioned 83,442 owners and lessees of 2013 model year vehicles who were contacted at random through state registration data. Honda had the top-performing small car and small SUV, with the Honda Civic and Honda CR-V. The best midsize car was the Toyota Camry and the best large car was the Chevrolet Impala. Chevrolet also had the best large SUV, the Tahoe and the best pickups , the Avalanche and Silverado. (AP Photo/Paul Sancya, file)
      Car quality dinged by tech glitches, survey finds Associated Press - 3 hrs ago

      DETROIT (AP) — Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems … More »Car quality dinged by tech glitches, survey finds

      FILE -This Nov. 27, 2012 photo shows a 2013 Honda Civic is shown in Detroit. Porsche and GMC have the highest-quality vehicles in a new survey of U.S. car owners. But the survey suggests overall quality is falling because of glitches with new technology, like navigation and voice recognition systems. The survey, released Wednesday, June 19, 2013, questioned 83,442 owners and lessees of 2013 model year vehicles who were contacted at random through state registration data. Honda had the top-performing small car and small SUV, with the Honda Civic and Honda CR-V. The best midsize car was the Toyota Camry and the best large car was the Chevrolet Impala. Chevrolet also had the best large SUV, the Tahoe and the best pickups , the Avalanche and Silverado. (AP Photo/Paul Sancya, file)

      DETROIT (AP) — Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.

    • Fed Chairman Ben Bernanke is on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)
      Stocks slide as Fed says bond purchases could slow Associated Press - 2 hrs 7 mins ago

      NEW YORK (AP) — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and … More »Stocks slide as Fed says bond purchases could slow

      Fed Chairman Ben Bernanke is on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)

      NEW YORK (AP) — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.

    • FILE - This March 22, 2013 file photo shows the exterior of the Internal Revenue Service building in Washington. The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. (AP Photo/Susan Walsh, File)
      IRS draws new criticism over $70M employee bonuses Associated Press - 4 hrs ago

      WASHINGTON (AP) — Already reeling from a pair of scandals, the Internal Revenue Service is drawing new criticism over plans to hand out millions of dollars in employee … More »IRS draws new criticism over $70M employee bonuses

      FILE - This March 22, 2013 file photo shows the exterior of the Internal Revenue Service building in Washington. The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. (AP Photo/Susan Walsh, File)

      WASHINGTON (AP) — Already reeling from a pair of scandals, the Internal Revenue Service is drawing new criticism over plans to hand out millions of dollars in employee bonuses.

    • House votes to cut food stamps by $2 billion Associated Press - 1 hr 38 mins ago

      WASHINGTON (AP) — The House voted on Wednesday to cut food stamps by $2 billion a year as part of a wide-ranging farm bill. More »House votes to cut food stamps by $2 billion

      WASHINGTON (AP) — The House voted on Wednesday to cut food stamps by $2 billion a year as part of a wide-ranging farm bill.

    • GAO says airline merger would reduce competition Associated Press - 4 hrs ago

      DALLAS (AP) — A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 … More »GAO says airline merger would reduce competition

      DALLAS (AP) — A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.

    • In this Tuesday, April 23, 2013, photo, a FedEx cargo planes comes in for a landing at the Juneau International Airport in Juneau, Alaska. On Wednesday, June 19, 2013, Fedex Corp. reports quarterly earnings. (AP Photo/The Juneau Empire, Michael Penn)
      FedEx 4Q profit drops as priority services lag Associated Press - 2 hrs 56 mins ago

      DALLAS (AP) — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily … More »FedEx 4Q profit drops as priority services lag

      In this Tuesday, April 23, 2013, photo, a FedEx cargo planes comes in for a landing at the Juneau International Airport in Juneau, Alaska. On Wednesday, June 19, 2013, Fedex Corp. reports quarterly earnings. (AP Photo/The Juneau Empire, Michael Penn)

      DALLAS (AP) — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.

    • In this Tuesday, June 18, 2013 photo, OfficeMax CEO Ravi Saligram, right, and Illinois Sen. Tom Cullerton, D-Villa Park, left, make their pitch asking the state of Illinois for tax breaks to keep the company's headquarters in-state after the office supply chain's merger with Office Depot Inc., during a Senate Executive Committee hearing at the Illinois State Capitol in Springfield, Ill. (AP Photo/Seth Perlman)
      OfficeMax, Office Depot pit Ill. v. Fla. for HQ Associated Press - 4 hrs ago

      CHAMPAIGN, Ill. (AP) — OfficeMax Inc. and Office Depot Inc. want Illinois and Florida to compete to be the home of their combined headquarters if their proposed merger … More »OfficeMax, Office Depot pit Ill. v. Fla. for HQ

      In this Tuesday, June 18, 2013 photo, OfficeMax CEO Ravi Saligram, right, and Illinois Sen. Tom Cullerton, D-Villa Park, left, make their pitch asking the state of Illinois for tax breaks to keep the company's headquarters in-state after the office supply chain's merger with Office Depot Inc., during a Senate Executive Committee hearing at the Illinois State Capitol in Springfield, Ill. (AP Photo/Seth Perlman)

      CHAMPAIGN, Ill. (AP) — OfficeMax Inc. and Office Depot Inc. want Illinois and Florida to compete to be the home of their combined headquarters if their proposed merger is approved by offering the best package of tax breaks that they can.

    • Study: Wiser medication use could cut health costs AP - 7 hrs ago

      TRENTON, N.J. (AP) — If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing … More »Study: Wiser medication use could cut health costs

      TRENTON, N.J. (AP) — If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing medication overuse, underuse and other flaws in care that cause complications and longer, more-expensive treatments, researchers conclude.

    • Photos: Frank Lloyd Wright Homes For Sale @ ABC News - Fri, May 17, 2013

      Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic … More »Photos: Frank Lloyd Wright Homes For Sale

      Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.        

    • Martha Stewart Case Judge Ruling Favors JCP @ ABC News - Fri, Apr 12, 2013

      The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.     … More »Martha Stewart Case Judge Ruling Favors JCP

      The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.        

    • Couple Finds $100,000 in Safe Deposit Box @ ABC News - Fri, Apr 12, 2013

      An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, … More »Couple Finds $100,000 in Safe Deposit Box

      An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, Kathleen Ricigliano, 81, said they opened a safe deposit box account with Sovereign Bank in February....        

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