A telecommunications group including Verizon Wireless and AT&T Inc. (T) hired Michael J Abbot, a former executive with General Electric (GE), to run a venture that will let consumers pay for purchases using their smartphone.
Abbot, who was previ…
The consumer technology giant brags that its iTunes announcement later today will be unforgettable. But the news likely won’t be too memorable for investors, even if it turns out to be a Beatles deal, predicts one analyst.
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Warren Buffett’s Berkshire Hathaway has revised its investment portfolio during the third quarter, buying up shares of Bank of New York Mellon while unloading its stake in Home Depot.
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U.S. Bancorp agreed to pay as much as $35 million in cash for Bank of America’s securitization trust administration units in the U.S. and Europe. The deal is part of the U.S. Bank parent company’s efforts to expands its corpora…
GM reportedly plans to raise the price range on its pending initial public of stock to as much as $33 a share. The increase to $31 to $33 a share from the initial $26 to $29 a share is being prompted by strong demand for the st…