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Mr. Weiss made major gifts to Cornell, his alma mater, of both time and money, as chairman of the board of trustees from 1989 to 1997 and as a board member for 16 years before that.
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As the original $2 billion offer expires, Take-Two’s board recommended that shareholders reject the renewed offer because it asserts that the bid is too low, and ill-timed.
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The move to ban polycarbonate infant bottles is the first action taken by any government against bisphenol-a, a chemical that has induced long-term changes in animals exposed to it.
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The turmoil in real estate has meant that home equity — often a fallback for college funds — is difficult to tap, forcing many parents to reconsider high-priced colleges.
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A growing portion of some drug benefit managers’ revenue comes from being exclusive or semi-exclusive distributors of expensive specialty drugs.
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Higher sales, and contracts from Embraer, Gulfstream and Airbus, helped lift profit at the manufacturer.
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While airlines in the United States have shunned the use of cellphones in flight, some European and Mideast carriers are preparing to offer the service as early as this summer.
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A report indicating that Merck used ghostwriters to produce articles in support of its drug Vioxx has galvanized opponents to a proposal that would relax some restrictions on drug promotion.
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Now added to the endangered species list in New York City: the neighborhood record store. But the survivors aren’t giving up just yet.
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Rising prices for organic groceries are prompting some consumers to question their devotion to food produced without pesticides, chemical fertilizers or antibiotics.
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Iceland’s long economic boom has ended in a painful bust, with a collapsing currency, rising inflation, double-digit interest rates and predictions of its first recession since 1992.
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Third-quarter profit slipped as the world’s largest maker of construction and mining equipment said higher raw material costs offset record global sales.
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The Internet search giant on Thursday reported better-than-expected financial results for the first three months of the year, igniting a huge rally in the company shares.
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The telecom company said it will cut 1.5 percent of its work force, and plans to take a $374 million first-quarter charge against earnings due to the job cuts.
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Net income rose 14 percent from a year ago, but the oilfield services company missed the Wall Street forecast.
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The results contained few surprises, and investors responded to the bank’s $5.1 billion loss by pushing markets sharply higher.
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Franklin Raines and two other top Fannie Mae executives are paying a total of nearly $31.4 million in the settlement with the government over their roles in a 2004 accounting scandal.
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Plum may become the new black for advertisers and media companies.
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The country’s agreement to allow American beef imports, was an indication of the eagerness of President Lee Myung-bak to mend ties with Washington.
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The shrinking of hours and pay for millions of workers appears to be a bigger contributor to the economic decline than the loss of jobs.
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The managers’ raises were part of a compensation package that would grow considerably should the video game company be acquired by Electronic Arts.
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The office equipment maker said a litigation charge left it with a loss of $244 million in the first quarter, but its results excluding the one-time item matched Wall Street expectations.
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A spokesperson for the supermarket chain said that the virus for infectious salmon anemia, which does not pose a risk to humans, was affecting the size and taste of the fish.
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Since the big banks first realized last fall that their capital situations were perilous, more than $100 billion has been poured into them.
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Wall Street finished an erratic session mixed on Thursday after an uneven batch of earnings reports made investors cautious about buying stocks.
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Students will now be able to borrow a total of $31,000 though federal programs to pay for undergraduate education.
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Mr. Zucker was a self-made billionaire who turned a small holding company into an empire that eventually bought the Hudson’s Bay Company of Canada.
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Société Générale said late Thursday that Daniel Bouton will be succeeded by Frédéric Oudea as a deputy chief executive.
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US Airways pilots ousted their union, replacing it with an insurgent group, which raised questions about the airline’s ability to merge operations after its 2005 merger with America West.
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About 2,300 members of the U.A.W. union went on strike at a G.M. plant in Michigan, halting production of three popular vehicles that have been bright spots in a dismal market.
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The New York Times Company reported a $335,000 first-quarter loss on Thursday.
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Continental and Southwest, two of the healthiest major American carriers, said on Thursday that they would cut growth plans after record-high fuel costs led to disappointing quarterly earnings.
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Hours after reporting its worst results in years on Wednesday, JPMorgan Chase quietly disclosed plans to raise $6 billion in expensive debt.
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John A. Thain, chairman and chief executive of Merrill Lynch, dialed onto a conference call with some of the bank’s 16,660 financial advisers to answer tough questions.
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The attorney general of New York, Andrew M. Cuomo, has subpoenaed 18 banks that underwrote and brokered the investments.
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The chip maker Advanced Micro Devices posted its sixth consecutive quarterly loss on Thursday.
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Federal regulators plan to announce on Friday a legal settlement with executives over their roles in an accounting scandal that surfaced in 2004.
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The Bank of England and the British government are considering actions that would mirror steps taken by the United States Fed to restore liquidity to the money markets.
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In a shake-up that reflects the end of an era, Sony BMG Music said Thursday that the longtime industry executive Clive Davis would relinquish daily control of his label, the RCA Music Group.
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Lee Kun-hee was charged with evading taxes on billions of dollars he had hidden in accounts under other names.
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Linens ’n Things, the troubled housewares and bedding chain, has hired Financo, an investment bank specializing in retail companies.
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The House has backed a measure aimed at ensuring that students get college loans amid the turmoil in the credit markets.
