Allstate and other insurers brace for disaster claims.

Amazon finds a fierce bidder in Liberty Media's John Malone.

Armani bucks trend, vows to stay private.

Boys & Girls Clubs of America embrace social media.

British Airways among European airlines impacted by Iceland volcanic ash.

Camel Snus target smoke-restricted NYC.

Coach finds buyers returning to priciest bags.Continue reading...

Chicago Bulls guard Derrick Rose named NBA MVP.

Pac-10 signs $3 billion, 12-year deal with FOX and ESPN, the richest ever for a college conference, and plans its own TV network under looming Pac-12 name.

Pfizer weighs break-up.

Apple revamps iMac line.

BlackBerry and Microsoft team up to battle Google search.

BP to pay $85 million for 2006 Alaska oil spill.

CBS picks 60 Minutes reporter Scott Pelley as Katie Couric replacement.Continue reading...

NBC bids adieu to Steve Carell on The Office.

Office boosts Microsoft profits, though Windows sales slip — blame the iPad, with Apple now more profitable than Microsoft.

BlackBerry-maker RIM cuts Q1 earnings and revenue forecast. 

Apple's White iPhone 4 - a PR coup?

Bank of America to hike interest rates for late payments. 

Deutsche Bank announces record first-quarter profits. 

Hulu Plus comes to Xbox Live.Continue reading...

AES to buy DPL in utility-industry consolidation.

AT&T’s first quarter is lifted by wireless growth, even after Verizon gets iPhone.

Aston Martin to sell $4.5-million car in India.

Bank of America to spin off buyout arm.

Burberry gains in China expansion.

Catalina Marketing joins the online boom in discout offers.

Deutsche Bank internal emails reveal extent of bankrolling toxic mortgages.

eBay acquires location-based ad startup WHERE.Continue reading...

ABC cancels legendary US daytime dramas All My Children and One Life to Live.

Airbnb offers country rental with Liechtenstein offer for $70K. 

American Apparel founder Dov Charney, profiled in NYT, says he refuses to be pushed aside.

Applebee's sued by parents of child served alcoholic beverage.

Best Buy expands Buy Back program.

CBS accused of greenwashing.Continue reading...

Allstate sues Citi, Deutsche Bank over mortgages.

BP execs feel oil spill victims are receiving too much.

BSkyB and MTV protest British House of Lords move to limit commercial time.

Facebook's new status options applauded by gay community.

IBM claims in suit it was overbilled by Ogilvy. 

US military sponsorship of NASCAR challenged.

Toyota's new campaign introduces "#1 for a Reason" tagline.

Apple is #1 on Fast Company's list of 50 most innovative companies.

Apple's new iPad subscription policy begins signing up magazine titles, with Elle, Nylon and Popular Science agreeing to terms.

Archie Comics go digital with Graphic.ly.

CBS revenue is up, while CBS College Sports channel to be renamed CBS Sports Network.

Cisco will help city of Barcelona with '2020 Vision' for sustainable urban and economic growth.Continue reading...

Apple won't exhibit at CES in Las Vegas this week, where competitors (including Vizio) will unveil tablets that will take aim at the iPad; and increases Q1 orders for the iPhone in advance of Verizon launch.

Arnold Schwarzenegger leaves office after seven years as governor of California.

Australia braces for damages claims as flooding projected "to last weeks."

Bank of America sees home loan charge, buys back bad loans and mounts defense against WikiLeaks.

Best Buy aims to become a major content creator online.

Buzz Aldrin sues over use of his image on moonwalk trading card.Continue reading...