Standard & Poor's cut its credit rating on Portugal by one notch on Tuesday to just above junk status, its second downgrade in less than a week as the debt-ridden country grapples with a political crisis.
General Electric Co reached a USD 3.2 billion agreement to acquire a maker of automation systems used in the oil and gas sector, marking the latest in a series of deals in the energy industry.
Amazon.com Inc is introducing an online service to allow customers to store their music files remotely and access them through their smartphones and computers in a move aimed at drawing music buyers from rivals such as Apple Inc's iTunes.
Japanese automakers including Toyota Motor Corp and Nissan Motor Co said on Tuesday it would be some time before they could return to full production after Japan's devastating March 11 earthquake and tsunami disrupted supplies to their plants.
Cisco Systems Inc said on Tuesday it plans to buy privately held software company newScale Inc, in a deal that would ramp up its cloud computing services.
Wal-Mart Stores Inc will argue on Tuesday that the US Supreme Court should halt the largest class-action sex-discrimination lawsuit in history by female employees who seek billions of dollars.
Essar Energy has agreed to buy Royal Dutch Shell's Stanlow refinery in northwest England for USD 350 million, in the latest Asian push into European refining, as western oil majors withdraw.
US policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalising loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.
Global miner Rio Tinto is in talks with Brazil's CSN to secure a majority stake in Africa-focused Riversdale Mining in a last-ditch bid to save its A$3.9 billion (USD 4 billion) takeover offer, a source said on Tuesday.
The US economy still needs support from the Federal Reserve's full USD 600 billion planned bond purchases, despite signs its recovery is becoming self sustaining, top Fed officials said on Monday.
Japan's Prime Minister Naoto Kan today said his government is in a "state of maximum alert" over the crisis at the stricken Fukushima nuclear plant, Jiji Press reported.
Starbucks Corp will unveil its new health and wellness strategy "at some point in the future," Chief Executive Howard Schultz said on a webcast on Monday.
Companies should do more to report their impact on nature to help curb damage that drains trillions of dollars a year from the world economy, a leading UN expert said on Monday.
Plutonium found in soil at the crippled Fukushima nuclear complex heightened alarm on Tuesday over Japan's lengthy battle to contain the world's worst atomic crisis in 25 years.
Social media, video and mobile advertising pushed British online ad spending above 4 billion pounds (USD 6.4 billion) for the first time in 2010, an increase of 12.8%, the Internet Advertising Bureau said.
Volkswagen AG's US unit recalled more than 71,000 Jetta sedans due to a defect in the wiring system controlling the car horn that can cause the car to stall, a company spokeswoman said on Monday.
Sprint Nextel urged regulators to block AT&T Inc's USD 39 billion bid to buy Deutsche Telekom AG's T-Mobile USA.
Facebook founder Mark Zuckerberg lives in California and not in New York, a judge ruled, a setback to a businessman who claims in a lawsuit that he is entitled to a majority stake in the company.
Package delivery companies United Parcel Service and FedEx added freight flights to Asia, tapping into growth in Asia shipments.
Bayer plans to nearly double its revenues from Brazil, Russia, India and China to about 10 billion euros (USD 14.10 billion) by 2015, Chief Executive Marijn Dekkers told German daily Handelsblatt.
Twitter co-founder Jack Dorsey is returning to the microblogging company to oversee product development, but will remain chief executive of his separate mobile payment start-up company.
Chances for a deal this year in long-running world trade talks are fading and likely will remain remote unless world leaders become personally involved, an influential US business group said on Monday.
The owners of a California Web site that sold Beatles songs for 25 cents each before they went on sale legally through iTunes have agreed to pay the band's EMI Group label USD 950,000 to settle a copyright infringement lawsuit, court papers showed on Monday.
The merger of New York state's banking and insurance departments might not create the powerful agency first advertised, according to Governor Andrew Cuomo's recent budget deal with legislative leaders.
China on Monday dampened Brazil's expectations to discuss the yuan's impact on bilateral trade during President Dilma Rousseff's visit to Beijing next month, saying it wasn't an important issue.