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NBC Universal to buy Weather Channel
NBC Universal to buy Weather Channel
5:04pm: The GE unit seals deal after several media and cable companies had dropped out of bidding. Purchase price not yet disclosed but said to be $3.5 billion.  more
How Lehman lost its way
Jul 3: The venerable Wall Street firm once looked like it would escaped the worst of the credit crisis. Now there's talk of a Bear Stearns-like collapse - or a sale. more
Banks: Everything must go!
7:20am: Financial firms may look to sell assets to get their balance sheets in shape. But finding buyers won't be easy. more
American Airlines to cut 8% of staff
Jul 3: The airline plans to cut nearly 7,000 jobs to offset the pain of rising fuel prices, on top of previously announced capacity reductions. more
Starbucks: More pain ahead
Jul 2: The brand is approaching 'saturation' in some markets and further store closures may be necessary as consumers shun high-end coffee.  more
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Green BizU.S. companies are racing to reduce their carbon footprints and adopt 'greener' business practices. Here's a look at environmental news and other sustainability issues that affect global business. more
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