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Merrill Offices Likely to Stay Put

Merrill put off plans to build a new headquarters in Manhattan's midtown and is likely to renew its lower Manhattan lease.

McGraw-Hill to Cut Work Force

McGraw-Hill is cutting 611 jobs, or 3% of its staff. The reductions will come from its S&P and education divisions.

Bear Stearns Names Schwartz CEO

Bear Stearns named Alan Schwartz as its new CEO. He succeeds James Cayne, who is stepping down from the post but will remain chairman.

Morgan Stanley Shops Its China Key

Morgan Stanley intends to sell its stake in a top Chinese investment bank as it focuses on new ventures in the country.

Starbucks Shares Rise as CEO Returns

Starbucks shares jumped 8.1% on Schultz's return as CEO, but analysts scaled back their profit and sales-growth forecasts.

Bush Looks to Reprise Tax Relief

The White House is considering a stimulus plan that would offer tax rebates for individuals and tax breaks for businesses.

Airbus Wins Major Order

Leasing company AWAS is expected to announce a deal to buy as many as 100 Airbus jetliners valued at $6.9 billion, a sign that the frothy market for jets has yet to die down.

Former CIA Official Seeks Immunity

Attorneys for Jose Rodriguez told Congress that the former CIA official won't testify about the destruction of CIA videotapes without a promise of immunity.

New Genetic Link to Autism Reported

Researchers have identified a new genetic link to autism using novel gene-scanning technology.

Toyota Eyes No. 1 Spot as Sales Rise

Toyota said global vehicle sales rose 6% in 2007 as a 10% increase in sales outside Japan offset a sluggish domestic market, inching the company closer to overtaking GM as the world's biggest auto maker by sales volume.