Hewlett-Packard announced that private investigators that they hired to find the source of leaks to the press broke the law as part of their research. The investigators pretended to be Hewlett-Packard board members in order to convince phone compani...
Shareholders of the telecommunications equipment manufacturers Alcatel and Lucent have approved an $11 billion merger of the two companies. The new company, which will be called Alcatel Lucent, will be the world's largest telecommunications equipmen...
Two Canadian mining companies are merging to become the world's third-largest gold mining company. Goldcorp and Glamis Gold will become a single company named Goldcorp worth about $21.3 billion. (The largest gold mining company, Barrick Gold, is als...
The International Monetary Fund is giving a bigger share of votes to Mexico, Turkey, South Korea, and especially China to account for the growing role their economies play in the world. The United States encouraged this change to give these countrie...
James Bond's car maker is up for sale. The ailing Ford Motor Company needs money, and while they currently have no plans to sell their Jaguar or Land Rover lines of luxury cars, they are offering the Aston Martin brand for sale. Astin Martin was fou...
A Russian bank has been buying shares of EADS, the parent company of European aircraft company Airbus. According to the Russian newspaper Vedomosti, the state-owned Vneshtorgbank has spent a billion dollars on 4.5% of EADS. The bank has not publicly...
China and Venezuela signed an agreement for the South American country to provide a million barrels of oil a day to China by the year 2019, with China promising to help Venezuela join the United Nations security council. China's growing economy make...
Apple Computer has agreed to pay a $100 million settlement for a license to use technology patented by Creative Technology Limited, the world's second-largest maker of MP3 players after Apple. Creative sued Apple in May, claiming that Apple's iPod p...
A series of kidnappings of foreign workers has reduced Nigerian oil production by over 20% since the beginning of the year. Wednesday, six workers were freed after the government paid a ransom, and Thursday, two more workers were kidnapped. After th...
The Association of South-East Asian Nations, or Asean, signed an agreement with the United States to strengthen economic ties and reduce trade barriers. Member countries hope to create a common economic unit similar to the European Union in order to...