Alitalia's board will meet today to pick a preferred bidder for the troubled Italian airline, Alitalia, as key business and labor leaders threw their weight behind domestic airline Air One over much larger rival Air France-KLM.
Wyndham Worldwide Corp forecast 2008 earnings that disappointed Wall Street on Tuesday as the biggest US hotel company expects the first quarter to be burdened by deferred timeshare revenue.
Billionaire investor Warren Buffett criticized US tax policy as being too lenient on the "super-rich", such as himself, during a fundraiser for presidential hopeful Hillary Clinton in San Francisco.
Citigroup Inc named investment banking head Vikram Pandit as chief executive and acting CEO Win Bischoff as chairman on Tuesday, disappointing investors who wanted a big-name outsider to overhaul the bank.
A US economic downturn could give a boost to India's flagship outsourcing industry even though it is being hit by a rupee trading at near decade highs, says the head of leading Indian computer services provider Wipro.
A son of legendary oil investor T. Boone Pickens was sentenced to five years of probation on Monday and ordered to take part in a substance abuse program for orchestrating a fraud scheme that involved distributing fictitious stock tips to investors.
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Raymond Zhou
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