A bankruptcy-court judge approved the liquidation plan of the failed lithium-ion battery maker once known as A123 Systems Inc. that divvies up the proceeds from the sale of the company's assets to a unit of China's Wanxiang Group.
Beleaguered Hewlett-Packard is a notable beneficiary of this year's reversal, with its shares having beaten once-highflying Apple's by 66 percentage points so far.
A lawsuit brought by auto dealers has put a chill on the potential sale of R.L. Polk & Co., owner of the used-car shopping tool Carfax, according to people familiar with the matter.
J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.
ESPN was in the process of laying off a few hundred workers on Tuesday, a sign that the hugely profitable sports cable-TV powerhouse is responding to the rising fees it pays to air games as well as other changes in the media industry.
Apple CEO Tim Cook defended the iPhone maker's tax practices as proper, challenging Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urging a simplification of tax laws.
Apple CEO Tim Cook defended the iPhone maker's tax practices as proper, challenging Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urging a simplification of tax laws.
GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.
