BERLIN (AP) - Daimler AG and British sports car maker Aston Martin Lagonda Ltd have signed a deal that will see the two companies develop engines together and the German company get a stake in Aston Martin.
The companies said Thursday that Aston Martin and Daimler subsidiary Mercedes-AMG will
By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Darden Restaurants wants to set Red Lobster adrift.
The company said Thursday that it is looking to either spin off or sell Red Lobster as part of its plan to boost value for its shareholders. Those plans also include suspending the opening of
MENLO PARK, Calif. (AP) - Facebook plans to offer 70 million shares of its Class A stock in a sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg, who also will buy Class B shares that carry more voting weight.
The secondary offering of stock comes as the social
JERUSALEM (AP) - An Israeli court has sentenced the former chairman of a major Israeli bank to a year in prison following his conviction on charges of fraud and breach of trust.
Danny Dankner served as chairman of Bank Hapoalim between 2007 and 2009 and in October confessed in a plea deal to the
By ANNE D'INNOCENZIO and MICHELLE CHAPMANAP Business Writers
Target says that about 40 million credit and debit card accounts may have been affected by a data breach that occurred just as the holiday shopping season shifted into high gear.
The chain said that accounts of customers who made
By MARIA DANILOVA and YURAS KARMANAUAssociated Press
KIEV, Ukraine (AP) - Ukraine's embattled president slammed the West on Thursday for supporting the massive street protests calling for his ouster and announced plans to partially join a Moscow-led economic union - a move that was likely to
BERLIN (AP) - Germany's Bayer AG is set to acquire cancer drug maker Algeta ASA after raising its offer for the Norwegian-based company to nearly $2.9 billion.
The two firms said Thursday drug and chemical company Bayer will make a cash offer of 362 kroner ($59.24) per Algeta share. Last month
By DANICA KIRKAAssociated Press
LONDON (AP) - Anglo-Swedish drugmaker AstraZeneca PLC will buy out Bristol-Myers Squibb Co.'s stake in their partnership to develop and sell diabetes drugs in a deal worth $4.1 billion - seizing an opportunity to serve the projected explosion of patients
STOCKHOLM (AP) - Scandinavian airline group SAS says it swung to a profit from a loss in the fourth quarter, but that tough competition and weak economic growth means it won't reach its financial targets in time.
The airline said profit for the quarter ending Oct. 31, was 352 million kronor ($
By VLADIMIR ISACHENKOV and NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - President Vladimir Putin said Thursday he will pardon jailed oil tycoon Mikhail Khodorkovsky, a surprise decision that will let his top foe and Russia's formerly richest man out of prison after more than a decade.
His stat line isn't overwhelming, but the imposing presence of 7-foot-6 Mamadou Ndiaye and his team's defense certainly is.
For the second time this season, UC Irvine held Eastern Washington University to 33 percent shooting or less and went on to hand EWU its first home loss in four tries
By DENISE LAVOIEAssociated Press
BOSTON (AP) - A Harvard student accused of making a bomb threat to get out of a final exam was under a great deal of pressure and seems remorseful, his lawyer said Wednesday after his client was freed on bail.
Eldo Kim, 20, was released on $100,000 bond into the
Daniel Lazcano and his brother Frank were arrested for the murder of Marcus Schur two years ago in Whitman County. Frank Lazcano has already been convicted in the case, and on Wednesday afternoon, after two previous mistrials, Daniel was found guilty by a jury in Spokane County.