Mark Zuckerberg, who's been portrayed in a Hollywood movie this year and has seen his social media empire grow ever larger, has been named TIME magazine's 'Person of the Year' for 2010. Mark Zuckerberg launched Facebook in 2004.
Charity donations pledged by the world's wealthiest are picking up as The Giving Pledge attracts new billionaires. So far, 57 have joined the Gates-Buffett effort.
Bankruptcy: MGM favors a plan calling for Spyglass Entertainment chiefs Gary Barber and Roger Birnbaum to take over a significantly slimmed down MGM following a prepackaged bankruptcy.
MGM bankruptcy: Privately held production company Spyglass Entertainment, a co-financier of such recent films as "Star Trek" and "G.I. Joe: Rise of Cobra," will contribute some assets and merge two subsidiaries into MGM for a 4.69 percent stake in the company, according to the plan.
Bankruptcy protection: In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, Blockbuster said it reached an agreement with bondholders on a recapitalization plan.
Blockbuster is reportedly about to file for Chapter 11 bankruptcy protection. Blockbuster, at one time, was the nation's leading video rental outlet.
Carl Icahn has relaunched a hostile bid for the Hollywood studio, known for film and television hits like 'Precious' and 'Mad Men.'
With a high-speed passenger rail network proposed for the US, companies are gearing up to build the equipment on American soil.
His performance showed that not every start-up whiz can be a turnaround CEO.