25 Mar 2005 10:06 AM

Sears, Roebuck and Co. and Kmart Holding Corp. received approval from their shareholders for the merger that is expected to help retail giants turn into the US third-largest retail chain. The $12.3 billion merger was approved by the holders of 69% of the shares, the companies said in a joint statement

24 Mar 2005 06:01 PM

Eleven former board members of WorldCom Inc. agreed to settle a lawsuit related to the company’s accounting fraud by paying $20.2 million out of their own pockets. The agreement, reached late Friday, is the latest in a string of settlements in a class-action case led by New York

24 Mar 2005 12:11 PM

Novell Inc., producer of the NetWare network server operating system, announced Wednesday it agreed to acquire Tally Systems Corp., a provider of information technology asset management services, in order to boost its Novell ZENworks systems management offering.

24 Mar 2005 11:49 AM

An innovation was designed by Hyundai Motor America – the first cars with installed Satellite radios as standard equipment.

24 Mar 2005 09:15 AM

Yahoo Inc. has an option to lift the storage for its free e-mail accounts to 1 gigabyte within growing competition with Google’s Gmail.

24 Mar 2005 09:12 AM

Lufthansa, the biggest airline group in Germany, expects its profits to grow on takeover of the loss-making Swiss carrier Swiss International Air Lines. The company received approval from Swiss’s board and the Swiss government.

24 Mar 2005 09:04 AM

Federal regulators fined four companies for improper sales practices in an attempt to clean up mutual funds sales. The companies are to pay total of as much as $81 million in fines.

24 Mar 2005 09:02 AM

Adelphia Communications Corp. is expected to pay as much as $725 million to the Justice Department and the Securities and Exchange Commission, one of the biggest penalties for corporate fraud, aimed at the settlement of the charges of massive fraud in the company.

24 Mar 2005 08:43 AM

Conrad Black, his former deputy David Radler and Richard Perle, a member of Hollinger International’s executive committee, are already facing an avalanche of civil lawsuits and allegations for alleged looting of Hollinger International Inc.

23 Mar 2005 10:51 AM

A trial over the intellectual property theft was settled by the computer giant International Business Machines Corp. with software maker Compuware five weeks after the launch. Compuware accused IBM of obtaining information from the former Compuware employees it had hired that allowed IBM to be more competitive in the market of software products.

23 Mar 2005 08:49 AM

Microsoft and Symbian all along were engaged in tough competition, both selling rival operating systems for mobile computing devices. But on Mar. 22, they reasonably agreed to cut a licensing deal. London-based Symbian announced its determination to license Microsoft’s Exchange Server ActiveSync. The feature

23 Mar 2005 08:41 AM

Time Warner Inc. has agreed to pay the Securities and Exchange Commission $300 million as a settlement for charges that the company’s AOL overstated online ads revenue, conducted illegal transactions and abetted frauds at other companies. In spite of the settlement with the S.E.C.’s commissioners, the world’s largest

23 Mar 2005 08:29 AM

The biggest airline group for Germany Lufthansa said it will take over the loss-making Swiss carrier Swiss International Air Lines after last night’s approval from the boards and the Swiss government. The

23 Mar 2005 08:22 AM

Conrad Black , his former deputy David Radler and Richard Perle, a member of Hollinger International’s executive committee, are already facing an avalanche of civil lawsuits and allegations for alleged looting of Hollinger International Inc.. Security

23 Mar 2005 08:07 AM

Oracle, the second-largest software company on the globe, reported that its third-quarter profit declined on its $10.3 billion takeover of PeopleSoft.