General Motors Defends Volt All-Electric Vehicle Claim

General Motors is firing back at the automotive press after critics’ assertions that the much-anticipated Chevrolet Volt isn’t a true electric car — rather merely another hybrid, and not particularly fuel-thrifty.
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Carl Icahn Supports Lions Gate’s Bid to Buy MGM

Billionaire investor Carl Icahn threw his support behind Lions Gate Entertainment’s proposal to acquire debt-laden Metro-Goldwyn-Mayer, according to a filing with the SEC Tuesday. Icahn is Lions Gate’s largest shareholder and a…

Google Invests in Offshore Wind Energy Network

Google is taking an investment stake in the construction of a major undersea power network off the mid-Atlantic coast, the company announced Tuesday. The project is designed to deliver enough energy to power 1.9 million househo…

Pfizer Buys King Pharma for $3.6 Billion

With King in its fold, Pfizer — which makes Lyrica and Celebrex — believes it can build an industry-leading portfolio of pain relievers. Among King’s most appealing entrants in that market is the new Embeda, designed to preve…