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Business News

HP wins 3PAR for $2.4 billion, Dell bows out
NEW YORK (Reuters) - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday. Read more »
Stocks enjoy best day in 8 weeks
NEW YORK (Reuters) - Wall Street posted its best day in eight weeks on Wednesday as investor mood brightened after better-than-expected factory data from the United States and China. Read more »
Investors dump Reliance shares on surprise foray
Investors dumped oil giant Reliance's shares on Tuesday after the company's surprise foray into the hospitality sector with the purchase of a stake in one of the country's top luxury hotel chains. Read more »
Consumer spending gain strongest in 4 months
WASHINGTON (Reuters) - Consumer spending rose in July at the strongest pace in four months, supported by a small gain in incomes that offered hope that consumers will be able to keep contributing to a modest economic recovery. Read more »
AIG insurers cover $60 million of ex-CEO, ex-CFO costs
NEW YORK (Reuters) - Former longtime AIG chief Maurice "Hank" Greenberg and another former executive will get $60 million from the company's insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. Read more »
Record $24.2 million fine proposed for American Airlines
WASHINGTON (Reuters) - The U.S. government on Thursday proposed to fine American Airlines $24.2 million for alleged maintenance violations that led to thousands of flight cancellations two years ago. Read more »
BHP says it won't buy Potash "at any cost"
MELBOURNE/LONDON (Reuters) - BHP Billiton tried to dampen expectations it would sweeten its hostile $39 billion offer for Potash Corp even as the world's biggest miner showed it had the wherewithal to up the ante. Read more »
Burger King sees weak demand, unemployment weighs
LOS ANGELES/NEW YORK (Reuters) - Burger King Holdings Inc , the No. 2 U.S. hamburger chain, forecast weak demand for its new fiscal year amid a struggling economy and said it was unsure how costs for key ingredients like beef would impact the company. Read more »
Air fares seen higher this fall
CHICAGO (Reuters) - Travelers on U.S. airlines can look forward to higher fares and higher fees this fall as demand recovers from the 2009 economic recession, a top fare expert said on Monday. Read more »
Sales strength of Starbucks' Via coffee questioned
LOS ANGELES (Reuters) - Better-than-expected sales of Starbucks Corp's Via coffee are being clouded by concerns that some employees have given customers free drinks in exchange for buying the fast-growing instant-coffee brand. Read more »