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2012-03-08
Former world No. 1 Roger Federer has paid tribute to his "wonderful friend" Ivan Ljubicic after the Croat announced on Wednesday he will end his 14-year playing career next month.

2012-03-06
Apple's stock market value topped the $500 billion mark in early trading Wednesday, another record high for what was already the world's most valuable company.

2012-03-05
Carlos Slim, the telecommunications tycoon who controls Mexico's America Movil SAB (AMXL), is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world's 20 wealthiest individuals.

2012-03-01
Unemployment in the 17-member eurozone jumped to an all-time high of 10.7 per cent in January, underlining the challenges facing European leaders as they gather in Brussels for a summit dedicated to finding ways to restart the continent's economy.

2012-02-26
Apple CEO Tim Cook says he believes the world's most valuable company has more money than it needs. His next challenge is to figure out whether Apple should break from the cash-hoarding ways of his predecessor, the late Steve Jobs, and dip into its $98 billion bank account to pay shareholders a dividend this year.

2012-02-26
The Oracle of Omaha earned his nickname and more than a few billion dollars by spotting investments that others overlooked, but Warren Buffett makes mistakes.

2012-02-22
Chinese Internet giant Alibaba, which has been in the headlines lately for its tussles with stakeholder Yahoo, wants to take its publicly traded Web portal private.

2012-02-15
Pringles will be getting a little extra snap, crackle and pop. Kellogg Co., (K, Fortune 500) the maker of Rice Krispies and other cereals, has agreed to buy the Procter & Gamble unit that makes the potato chip maker for $2.7 billion. Wednesday's announcement came a week after P&G's previous deal to sell Pringles fell through in the wake of a scandal at would-be buyer Diamond Foods (DMND). "The Pringles business is an excellent strategic fit for Kellogg, and it will significantly advance their goal of building a global snacks business on par with its global cereal business," P&G (PG, Fortune 500) said. Kellogg did not have an immediate comment on the deal. In the accounting scandal, Diamond Foods replaced its chief executive and chief financial officer, and announced it would restate two years of a results. Diamond -- which sells Diamond-brand nuts and Pop Secret popcorn -- said it will not have to pay a break-up fee for collapse of the deal. P&G: 5th most admired "Diamond has enjoyed a positive and constructive working relationship with P&G throughout this process, and the mutual termination of our agreement and release of all associated liabilities was reached in the same spirit," said Diamond's Acting CEO Rick Wolford in a statement. P&G said the all-cash deal is expected to give the maker of Tide detergent, Crest toothpaste and Pampers disposable diapers a one-time, after-tax gain of between $1.4 billion to $1.5 billion. But the gain, which comes to between 47 cents and 50 cents a share, is less than the 55 to 65 cents a share P&G expected from the deal with Diamond Foods before the accounting scandal. The previous deal, initially valued at $2.35 billion, was primarily a stock transaction, not cash, and the higher return estimate was due to an increase in Diamond's share price after the deal was announced last April. The stock transaction also would have been considered a tax-free transaction, while the cash deal will be taxed as a capital gain.

2012-02-09
Kodak is exiting the digital camera business and it will instead license its brand name to other camera manufacturers, the company announced Thursday.

2012-02-09
Greek political leaders agreed to a package of austerity reforms Thursday, marking the first step toward securing much-needed bailout funds.

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