Burger King Holdings Inc., the nation's perennially No. 2 hamburger chain, said Thursday that it is selling itself to little-known private equity firm 3G Capital in a deal valued at $3.26 billion.
Germany's central bank said Thursday that it will request the dismissal of a board member whose comments stereotyping Muslims and Jews drew outrage at home and abroad.
The woman who blew the whistle on Tom Petters' $3.7 billion Ponzi scheme, even as she was implicated herself, has been sentenced to one year in prison.
American shoppers, taking advantage of deep discounts and tax-free holidays, opened up their wallets a little more for back-to-school spending compared with last year, giving some retailers better-than expected gains for August.
The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.
Researchers say workers are paying a larger portion of health insurance costs as businesses, trying to ride out the economic downturn, shift more of the burden to their employees.
Car rental company Avis Budget Group said Thursday it is raising the cash portion of its bid for Dollar Thrifty as it battles Hertz for the potential buyout.
India has widened its security crackdown, asking all companies that provide encrypted communications - not just BlackBerry-maker Research In Motion - to install servers in the country to make it easier for the government to obtain users' data. That would likely affect digital giants like Google and Skype.
BlackBerry's Canadian manufacturer should give law enforcement agencies around the world access to its customer data, the U.N. technology chief said, adding that governments have legitimate security concerns that should not be ignored.
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
Global stock markets pushed modestly higher Thursday after an upbeat U.S. housing survey as investors await payrolls figures that could well set the tone for the rest of the month.
