Struggling video rental chain Blockbuster has filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt.
The company filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York,…
Be prepared to pay more for your venti-sized extra-hot half-caff soy caramel macchiato at Starbucks starting soon. As the price of green Arabica coffee greens skyrockets, the company says it will raise prices for some of its mo…
Brocade Communications shares surged today on investor speculation that IBM may acquire the company, which makes switches for data-storage networks.
Continue reading Brocade Shares Jump on Rumors of IBM Buyout
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General Electric, which is eager for a big slice of the emerging electric car market, is teaming up with a Silicon Valley startup, Better Place, to promote their charging station and battery-swapping businesses. GE gets homes f…
Ford earnings are expected to be weaker next year due to higher costs for pensions and materials, according to a research note released Wednesday by Credit Suisse Securities. Forecasts call for pretax income from Ford’s North A…