UK-based leisure group Rank, which owns the Hard Rock Café chain, announced that it will delist from Nasdaq and end its registration with the US Securities and Exchange Commission. They will, however, continue to trade on the London Stock Exchange. In order to untangle itself from US exchanges, it will change its Articles of Association [...]

Legislation to open up the credit rating industry to more competition has been proposed in a bill introduced by Representative Michael Fitzpatrick. The legislation would let any rating agency that meets certain standards register with the Securities and Exchange Commission. It would also allow the SEC to inspect rating agencies and regulate how they handle [...]

If Abbot Laboratories will not cut the price of one of its AIDS drugs, Brazil has said that it will break the company’s patent on the drug and begin manufacturing the drug itself. Brazil is in talks with Abbot to try to convince the drug maker to cut the price of Kaltera, an anti-retroviral drug, [...]

It has been revealed that AMC Entertainment and Loews Cineplex Entertainment will merge into the second-largest chain of movie theaters in the United States. Terms of the deal, which comes at a time when US movie attendance is at its lowest in nearly 10 years, were not made public, but when each company was purchased [...]

Legislation has been introduced in the United States that would require aircraft capable of carrying over 800 passengers to have the technology to combat weapons such as Stinger missiles. If passed by Congress and signed by President George W. Bush, it would mean that the A380, currently under development by European aircraft manufacturer Airbus, would [...]

A US company with the same name as an Indian airline scheduled to begin flights to the US on June 23 has alleged that the Indian company is tied to al-Qaeda. Jet Airways of India, based in Mumbai, currently has a 43 percent share of the domestic market in India and in it’s last phase [...]

When it comes to selling houses, there are all sorts of unwelcome delays that can leave a sale dragging on for months after the property has first been put on the market. However, there are now a number of property investment companies and house purchasers who will offer up cash for house and homes, in [...]

The US Food and Drug Administration has confirmed that it investigating reports that up to 38 men who used the impotence drug Viagra have suffered vision loss. Pfizer, the company that makes Viagra and the largest pharmaceuticals group in the world, defended its product, saying that there is no evidence that the type of vision [...]

Hyundai has opened its first plant in the US, located in Montgomery, Alabama. It is a $1.1 billion facility that the company claims to be the most advanced in the world. Hyundai joins Honda and Mercedes in Alabama, to become the third foreign automobile manufacturer located there. Once the plant swings into full production, Alabama [...]

Warner Music Group stocks fell 7 percent Wednesday on the debut of its Initial Public Offering. This was seen as an expression of lack of faith in an unsettled music industry by investors. Among the factors that investors might be thinking about are the constant technological changes affecting the industry, the fact that the music [...]