A123 Ch. 11
A123 Systems, the electric car battery maker that received a $249.1 million federal grant, filed for bankruptcy in Delaware and said it would sell its automotive business assets to Johnson Controls.
Clear the air
Sprint Nextel, which agreed to sell a 70 percent stake to Softbank for $20.1 billion, has no immediate plans to take over Clearwire, said people with direct knowledge of the situation.
Target prices
Target stores will match the online prices of retailers including Amazon.com, Walmart and Best Buy during the holiday season as it works to stem the loss of sales to rivals' websites.
Bigger Blue
IBM reported third-quarter revenue of $24.7 billion and net earnings of $3.9 billion as demand for its software services and tight cost control offset the effect of a stronger dollar on the tech and consulting firm.
Street talk
Goldman Sachs earned $1.5 billion, or $2.85 per share, in the third quarter, compared with a year-earlier loss of $428 million, or 84 cents per share.
StuyTown sale
Tenants of Stuyvesant Town-Peter Cooper Village are asking bondholders of the defaulted mortgage to pursue a sale of the property, bypassing the company working out the loan.
Copyright 2010 Thomson Reuters. Click For Restrictions
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