The leaders of the 20 major economies failed to back a U.S. plan intended to push China to let its currency strengthen. The leaders released a statement saying all the countries pledged to avoid “competitive devaluation” of currencies, The Associated P…
Newsweek and The Daily Beast have finally agreed to merge. But with each business struggling, the new entity may be more like a marriage of two wounded media operations.
Continue reading Newsweek and The Daily …
One week after one of its jet engines exploded in mid-air, Rolls-Royce said it will miss its profit target for 2010.
Rolls-Royce said that growth in underlying profit will be “slightly lower” than the expected 4% to 5%, Bloomberg News reported.
The…
Japanese automaker Nissan (NSANY) is recalling more than 600,000 vehicles to fix potential problems on the lower steering column joint and shaft, and the positive battery cable terminal.
The company said that corrosion on the lower column joint on ce…
Videogame publisher Activision Blizzard said its “Call of Duty: Black Ops” set a new first-day videogame sales record, generating about $360 million in U.S. and U.K. sales within the first 24 hours of its release Tuesday. The c…