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MGM Weighing Options, Including Being Sold

The U.S. movie studio MGM, facing major debts, says it is weighing its options for the future, including a possible sale.

Recession-style Economy to Last Through 2010, Says College Business Dean

The national economy has been propped up by artificial means and could face a long, jobless recovery, according to the dean of the Merrimack College business school. Robert Cuomo, speaking to about 75 people gathered for yesterday's final installment of the Weathering Storm lecture series at The Eagle-Tribune, said things won't get better in Massachusetts, and most of the rest of the country, until 2011.

Ford Workers Vote on Strike

Less than two weeks after UAW workers rejected modifications to a national labor contract with Ford Motor (NYSE:F), workers in Claycomo, Mo., are voting to authorize a strike.

Europe Emerges From Recession

Europe climbed out of recession in the third quarter, data released Friday showed, as a recovery from its steepest downturn in a generation slowly took shape.

Priceline.com Beat Expected Earnings

Priceline.com Inc. (PCLN) recently reported third quarter results that beat big for the fourth consecutive quarter. Analysts expect earnings growth of 35.34% in 2009.

Intel to Pay AMD $1.25B Settlement

U.S. chipmaker Intel (INTC) agreed to pay Advanced Micro Devices (AMD) $1.25 billion to settle anti-trust issues despite admitting no wrongdoing, the company said.

Starbucks CEO Says Via Instant Coffee Besting Expectations

Starbucks Corp.'s (SBUX) Via instant coffee has outperformed expectations in the seven weeks since it was introduced in the U.S., the coffee shop chain's chief executive, Howard Schultz, said Thursday.

Intel to Pay $1.25 Billion in AMD Settlement

Computer chip giant Intel is to pay smaller rival Advanced Micro Devices $1.25 billion to settle claims that it violated antitrust and patent laws the companies said Thursday.

Land Mines in the Economic Recovery

Investing is never easy. But now, even as the global economy takes regular steps toward recovery, investors are wary of more land mines than usual.

Citigroup, Morgan Stanley, UBS Run Longfor Properties' IPO

Chinese property firm Longfor Properties raised USD912m in an initial public offering of shares in Hong Kong, handled by Citigroup (NYSE:C), Morgan Stanley (NYSE:MS) and UBS, Reuters reported on Tuesday.

Ford Sales Surge in Europe in October

Ford Motor Co. (NYSE:F) on Wednesday reported its best October sales in 12 years in Europe, but said both Ford and industry sales are likely to decline next year as government incentive programs end.

Citigroup (C) Defends Its Asset Valuation

Citigroup Inc.'s (NYSE:C) management indicated that it is comfortable with its valuation for an asset that is expected to be written down by an accounting expert.

Wal-Mart Sales Disappoint Investors

Wall Street saw a lower opening Thursday, as Wal-Mart Stores Inc. (NYSE:WMT) disappointed investors with declining sales.

Forbes Magazine Most Powerful Topped by Obama

U.S. President Barack Obama emerged as the world's most powerful man in Forbes magazine's assessment of the world's most powerful people released Thursday. Other people making the eclectic list include Wal-Mart Chief Executive Officer Mike Duke at No. 8, Russian Prime Minister Vladimir Putin at No. 3, Pope Benedict XVI at No. 11, Mexican drug lord Joaquin Guzman at No. 41 and media personality Oprah Winfrey at No. 45.

Microfinance Programs Harness Web to Connect Borrowers & Lenders

The idea of providing relatively small loans, rather than donations, to help residents of developing nations start small businesses and work their way out of poverty has been kicking around for years. But experts say the Silicon Valley nonprofit Kiva has demonstrated how social networking and Web technology allows hundreds of thousands of people to turn traditional banking and finance on its head.

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