Business news for Mon, 24 Mar 2008. 1042 news.

Carl Icahn upped the pressure in his proxy battle with Motorola on Monday by filing a new lawsuit, demanding again that the company spin off its mobile phone business.

InPlay Technologies Inc. was put on notice by its auditors who raised doubt about the Scottsdale company's ability to continue as a "going concern."

If the battle royale between Hillary Clinton and Barack Obama proves anything, it is that you have to be crazy to subject your life to the process of trying to get elected to the White House. I have sat in...

(AP) — The San Francisco 49ers forfeited their fifth-round pick in next month's NFL draft on Monday after commissioner Roger Goodell deemed them guilty of tampering with Chicago linebacker Lance Briggs. Goodell also determined the teams will switch picks in the third round of the April 26-27 ...

NEW YORK -- Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average up nearly 190 points while also selling bonds sharply lower.

ST George Bank has confirmed its 2008 guidance of 10 per cent growth in earnings per share, after announcing it has made $75 million before tax on an allocation of shares in Visa.

CHILDCARE provider ABC Learning Centres says it's still in discussions with Morgan Stanley Private Equity about the sale of 60 per cent of its US assets.

The Justice Department on Monday approved Sirius Satellite Radio's proposed $5 billion buyout of rival XM Satellite Radio, saying the deal was unlikely to harm consumers.

Reuters - Valero Energy Corp , the largest independent U.S. refiner, said on Monday its first-quarter earnings could fall as much as 95 percent due to weak profits from gasoline production and unplanned outages at its refineries.

UK-based mobile operator prepares IPO of Qatar subsidiary with a sale of about 20 per cent of the shares expected before the end of the year

THE head of Australian oil and gas explorer Santos will step down as chief executive, effective immediately.

The City regulator will admit it made mistakes in supervising Northern Rock, although it will stop short of proposing dramatic reforms

The collapse of shares in Renovo after the failure of a drug trial in one application was another body blow to the biotech sector

(Crain’s) — Tribune Co. named Chandler Bigelow as chief financial officer, effectively immediately, to succeed Don Grenesko, who retired Monday. Mr. Bigelow, a key member of the team that helped financially engineer Sam Zell’s $8.2-billion plan to become private, was promoted from ...

Market indexes enjoy a good day following reports of a new $10 a share price tag for Bear Stearns.

Warren Jenson, chief financial officer at Electronic Arts for the past six years, has been a key figure in the video game publisher's battle for control of rival Take-Two

Two shareholder advisory firms call for a vote against several directors at next month's annual meeting

Britain's economy is heading 'into much jumpier waters', according to the head of the CBI, as the employers' organisation marked down its latest economic forecast to account for the deepening credit crisis

Redevelopment plans for Hayden Flour Mill could extend Second Street across Mill Avenue as a gateway into the historic landmark.