The city council of Birmingham, England, is prosecuting candy and beverage company Cadbury Schweppes for manufacturing and selling chocolate contaminated with salmonella bacteria last year. The company recalled more than one million chocolate bars,
Rupert Murdoch's media conglomerate the News Corporation has bid $5 billion for Dow Jones, the parent company of the Wall Street Journal newspaper. There had been no announcement that Dow Jones was available for sale. Although the Dow Jones board of
The News Corporation is not the only media conglomerate trying to buy a well-known financial news publisher. British news and financial information provider Reuters announced that Canada's Thomson Corporation has made a bid to buy them out. Thomson
Venezuelan President Hugo Chvez celebrated May Day, the international workers' holiday, by issuing a decree that transferred control of the country's last privately owned oil fields to government control. The state will own at least 60% of every oil
Several days after long lines of people waited for hours in Japan to try to get one of the few Sony PlayStation 3 game machines being released to each store, the same thing happened in the United States. After being sold for 500 to 600 dollars aroun
German sports car maker Porsche exercised an option on 3.6% of stock in German car maker Volkswagen. Because this puts their ownership in VW over 30%, German law required Porsche to make a takeover offer to other VW shareholders, so they did: 101 pe
Two North American mobile phone companies are trying to buy a controlling interest in Telecom Italia, Italy's largest telephone company, but there are complications. US company ATT and Mexico's America Mvil have made a combined offer of 4.5 billion
Computer company Apple Inc. had claimed that it was the record companies decision, not theirs, to offer music on their iTunes service that could only be played on their iPod player. Apple and the EMI music company have just announced that songs from
European leaders are pressuring Paul Wolfowitz to resign his position as Wold Bank president. Wolfowitz, who has withheld World Bank loans from several countries until they show greater progress in fighting corruption, recently arranged for his girl
The chairman of Indian telecommunications company Bharti Enterprises has announced a joint venture with Wal-Mart that will let the American superstore chain open hundreds of Wal-mart stores in India over the next five years. Large retailers such as
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