Borders Group filed for Chapter 11 bankruptcy protection and said it plans to close about 30% of its stores in coming weeks.
Sanofi-Aventis acquired Genzyme for $74 a share, or a total of $20.1 billion plus a contingent value right, in a giant step toward reshaping the company.
Big companies are urging the SEC to revise rules for awarding bounties to workers under the agency's proposed "whistleblower" program.
The federal government is requiring as many as 1,000 companies to turn over their employment records for inspection, part of an expanding crackdown on businesses suspected of hiring illegal immigrants.
More than a dozen major financial institutions are facing sanctions over problems with internal controls and staffing levels at mortgage servicers.
Google fired another salvo in its broadening competition with Apple, opening a payment system for digital content that will let publishers keep a bigger share of revenues than a service launched by Apple this week.
Indian industrialist Ratan Tata lashed out at the government for allowing media outlets to get hold of wiretap recordings of his lobbyist's phone calls, and said stronger privacy protection is needed to prevent similar episodes in the future.
Federal prosecutors could seek to play more than 170 secretly recorded conversations as part of their insider-trading case against Galleon Group founder Raj Rajaratnam.
German Chancellor Angela Merkel said her government wants Jens Weidmann, her closest economic adviser, to take over from Axel Weber as president of the Bundesbank.
Hawaiian Airlines, facing growing competition ferrying passengers to and from the U.S. mainland, is seeking new growth by spreading its wings to Asia.
Donald Longueuil and Noah Freeman were tight. They worked together as money managers at hedge fund SAC Capital Advisors. They skated together and vacationed together. And, prosecutors say, they traded on inside information together.
What CEO Dimon knew about Madoff's fraud is at the heart of a lawsuit alleging that J.P. Morgan ignored or dismissed warning signs about the fraud even as it earned hundreds of millions from its relationship with the firm.
With few new gold strikes around the world that can be turned into profitable mines, South Africa's gold miners are planning to dig deeper than ever before to get access to rich veins.
Runway fashions get revamped as cotton, wool, leather and silk prices rise.
The flap over sudden acceleration in Toyota cars gave automotive electronic systems a black eye. So what's in store now that officials have concluded that people are to blame for most accidents caused by runaway cars? It may mean even more electronics in cars.
Chinese computer maker Lenovo said its third-quarter net profit rose 25% from a year earlier, boosted by growth in personal-computer shipments, despite a slowdown in the expansion of the global PC market.
A bipartisan group of senators is considering legislation that would order Congress to meet a set of spending targets and other fiscal goals or face automatic tax increases and budget cuts.
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