Company News

IHOP is teaming with Quaker Oats on an exclusive new line of hot cereals. It's a smart match for the two breakfast behemoths, and it's hardly the only recent clever corporate pairing.

The Internal Revenue Service has awarded an ex-banker $104 million for providing information about overseas tax cheats -- the largest amount ever awarded by the agency, lawyers for the whistleblower announced Tuesday.

Morgan Stanley and Citigroup settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own. The deal clears the way for Morgan Stanley to buy Citigroup's 49 percent interest in the broker, giving Morgan Stanley full ownership.

McDonald's said a key sales figure climbed 3.7 percent in August, as the fast-food chain emphasized the value of its menu offerings amid the challenging global economy.

Children who missed the opportunity to get a free haircut at J.C. Penney last month will get plenty more chances. After an overwhelming response to the chain's free haircut program for children in August -- 1.6 million haircuts, to be exact -- Penney will be making it a permanent offer every Sunday, starting Nov. 4.

In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for July 2012 came in at $1 billion, up 17% compared with July 2011. The Las Vegas Strip accounted for more than half of the state's revenue, with a July total of $597.5 million, up 21% from...

Oil company BP said Monday it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in the BP's drive to cover the cost of its oil well blowout in the Gulf two years ago and concentrate investment elsewhere.