British MP chairs Kazakhstan company
Sir Tony Baldry was elected new chairman of Kazakhstan paper producer Kagazy Plc.
US sues Bank of America for fraud over mortgage bonds
The US government on Tuesday sued Bank of America for defrauding investors in the sale of $850 million in mortgage-backed securities ahead of the housing bust.
Airbus complaint against Boeing ad dismissed
Boeing did not mislead readers of a trade magazine when touting the advantages of its 747-8 jumbo jet over rival Airbus' A380 model.
South Korean businessmen rally for reopening of Kaesong
Hundreds of S. Korean businessmen rallied Wednesday near the border with N. Korea, urging the swift resumption of operations at their abandoned plants in a shuttered inter-Korean industrial zone.
China fines baby formula firms $108 million for price-fixing: Xinhua
China has fined six mostly foreign baby formula companies a total of $108 million for price-fixing.
Amazon's Bezos buys Washington Post for $250 mn
The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.
Virgin Australia expects loss of $98 mln for year
Virgin Australia said Monday it was expecting a full-year loss of Aus$95-$110 million (US$84-98 million).
New York Times sells Boston Globe to baseball team owner
The New York Times Company announced Saturday that it has agreed to sell The Boston Globe newspaper for $70 million cash to the principal owner of the Boston Red Sox baseball team.
US antitrust regulators bid to rein in iTunes
The US Department of Justice on Friday launched a bid to more tightly regulate Apple's wildly lucrative iTunes storefront, after the tech giant lost a price-fixing case.