Business PR Wire

Launch of the first private spacecraft aimed at docking with the international space station was scrubbed at the last split-second early Saturday, due to a technical problem.

Lawyers for former Goldman Sachs director Rajat Gupta say he was estranged from convicted hedge-fund mogul Raj Rajaratnam at the time of some alleged tips. Prosecutors say the friendship broke down much later.

Space Exploration Technologies is set to launch the first private spacecraft seeking to dock with the International Space Station, carrying with it the aspirations of scores of other commercial space ventures.

J.P. Morgan agreed to hand over $168 million to a bankruptcy trustee representing customers of MF Global.

Microsoft scored a win over Motorola Mobility Holdings on Friday as a judge ruled in favor of the software giant in a closely watched patent dispute over how mobile communication devices operate.

Spanish oil company Repsol said an exploratory well in Cuban waters wasn't successful and will be capped.

Chesapeake Energy is cutting total compensation for its board members by 20%, the latest move by the natural-gas company to quell criticism over its corporate governance.

Dewey & LeBoeuf is readying a possible bankruptcy-protection filing for sometime in the next several weeks, a move that would initiate official liquidation of the beleaguered New York law firm.

Tiffany has a chance to shine on Thursday when it reports first-quarter results, but there is a possibility of some tarnish.

Spain's Repsol is canceling 10 LNG shipments to an Argentine public energy company that it says isn't honoring the supply contract.

General Motors has decided it won't advertise in the next Super Bowl, a surprising reversal of strategy that comes as the auto maker overhauls its global marketing operations.

Megabus plans to expand its network of U.S. intercity coach services by 50%, purchasing assets from a rival to push into Texas and California.

Banco Santander's U.K. unit lost about $316 million of deposits on Friday as jittery customers worried about the lender's financial health.

Winnebago Industries received a $322 million takeover offer from private-equity firm North Street Capital but said it didn't have sufficient information to deem the bid credible.

Facebook shares fell as low as their $38 IPO price, after opening about 11% higher on its first day of trading. Underwriters stepped in to support shares at the offering price.

Tata Steel's net profit for the fiscal fourth quarter plunged 90% from a year earlier, when a one-time gain boosted its earnings, while sluggish demand for steel in Europe limited the company's sales growth.

Tokio Marine's fiscal-year profit plunged 92% while MS&AD Insurance Group and NKSJ Holdings both posted losses, hurt by about $6 billion in payouts related to flooding in Thailand that damaged Japanese manufacturing operations.

The New York Fed postponed an auction of $1.67 billion of complex mortgage-linked bonds on Thursday after it became aware that some information about the securities had not been made available to bidders.

London-based jeweler Graff Diamonds plans to raise $1 billion from a Hong Kong initial public offering that starts Monday.

James Dimon personally approved the concept behind J.P. Morgan's disastrous trades, but didn't monitor how they were executed. A behind-the-scenes account offers details about the drama inside the bank.