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Corporations News



Eastman Chem hopes to increase business 10% with Solutia acquisition

Eastman Chemical said on Friday that it would acquire the specialty chemicals manufacturer Solutia for $3.38...

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Illumina adopts 'poison pill' to thwart Roche takeover

Illumina has adopted a shareholder rights plan, or poison pill, as it tries to block a hostile takeover by...

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Ontario loses 500 Direct Energy jobs to Texas

Citing Ontario’s failure to fully open energy markets to competition, Direct Energy is moving its...

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Panasonic and Sony downgraded by Moody's

  Moody's Investors Service has lowered its credit ratings for Sony Corp. and Panasonic Corp. one notch...

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Letters show Nortel execs knew they were getting bonuses fraudulently: prosecutors

Crown lawyers in the fraud trial of former Nortel Networks executives say some letters between the fallen...

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Software provider for nonprofits bids to acquire competitor

The combined companies would capture roughly 10 percent of the market for online fund-raising done by nonprofit...

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After Three Months, Only 35 Subscriptions for Newsday's Web Site

 In late October,  Newsday , the Long Island daily that the Dolans bought for $650 million, put its...

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Ex-Nortel staff slam executive bonuses

 Nortel Networks Corp. pensioners reacted with disgust on Friday to reports of new lavish bonuses for the...

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Consumer confidence on the rise heading into 2010

 Confidence among U.S. consumers improved in December for a second month as Americans grew less concerned...

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Antoher media giant goes bankrupt

Another newspaper publisher desperate to dump debt has filed for bankruptcy protection in hopes of recovering...

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New online Atari Star Trek Game

Hollywood director J.J. Abrams has gone where man has gone before, with his 2009 " Star Trek " movie...

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Nortel getting rid of WiMax

Nortel will be ending its WiMax business as it looks to restructure following its bankruptcy filing. I think...

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