Most Popular Industries

Carphone Warehouse withdraws Sony Ericsson phone

Britain's Carphone Warehouse has stopped selling Sony Ericsson's flagship smartphone due to software problems, dealing a blow to the loss-making Japanese-Swedish firm's turnaround plans.

GM to present plan to fix Opel this week

General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.

EDF chief plans closer ties with Veolia-report

Incoming EDF chief executive Henri Proglio said he wanted to increase EDF's stake in his previous company Veolia Environnement without merging the two companies, according to a newspaper report. EDF, Europe's biggest power generator and operator of France's 58 nuclear reactors, should become "a partner in the development of Veolia", Proglio told Les Echos on Monday, his first day in his new post.

People's United to buy Financial Federal for $738 mln

People's United Financial Inc said it agreed to buy Financial Federal Corp for about $738 million in stock and cash to boost its equipment financing businesses.

Humana eyes acquisitions in complementary areas-WSJ

Health insurer Humana Inc is looking for acquisitions in complementary areas to adapt to changing healthcare need, its Chief Executive Mike McCallister told the Wall Street Journal in an interview.

Goldman raises Nasdaq OMX to buy

Goldman Sachs upgraded Nasdaq OMX Group to "buy" from "neutral," citing "underappreciated" growth prospects. The brokerage said it sees the Nasdaq Stock Market parent company getting revenue of about $10 million a quarter from its new N2EX British wholesale power exchange, which the company runs along with Nord Pool.

Toyota sees China 2010 sales growth slowing

Toyota Motor said it expects its China sales growth to slow next year, after strong gains in 2009 fueled by government incentives aimed at boosting the national auto sector during the global downturn.

Campbell Soup Co posts profit, shares edge up

Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by price increases and easing costs for ingredients including grains and tomatoes that offset a drop in sales.

JAL seeks 40 pct pension payout cut for survival

Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.

Africa Israel says Tel Aviv rail project on track

The Israeli government has suspended its decision to review and possibly cancel a tender won by the MTS group to build a light rail system in Tel Aviv, group leader Africa Israel Investments Ltd said on Monday.