- Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31
August 24 2012 4:30 PM
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
- Colombian Hunger Strikers Sew Mouths Shut To Protest Firing By General Motors
August 21 2012 5:20 PM
Thirteen former employees of General Motors' Colombian subsidiary are in the fourth week of a hunger strike outside of the U.S. Embassy in Bogota. They say GM fired them when they were injured on the job and has not provided medical care or pensions.
- Chinese City Aims For $236B In New Investments
August 21 2012 12:28 PM
The northeastern Chinese city of Tianjin announced a four-year plan to invest 1.5 trillion yuan ($236 billion) to stimulate industrial growth, Bloomberg News reported Tuesday. The Communist Party's Tianjin Daily also reported that investments have been announced for 10 industries, including petrochemicals and aerospace.
- Fisker On Death?s Door? Big Recall, Exec Shuffling, Money Woes For Electric Carmaker
August 21 2012 11:38 AM
Fisker Automotive Inc. is in a bad place right now, running out of money, recalling its hybrid-electric Karma luxury cars because they burst into flames and shuffling around executives faster than a losing team substitutes pitchers; it's hard to find a bright patch for the company that isn't on fire.
- 'Tailgating For Billionaires' A The Pebble Beach Concours d'Elegance And Monterey Car Week
August 21 2012 5:53 AM
This past weekend's Pebble Beach Concours d'Elegance and the Monterey Car Week brought out the world's top classic car collectors like Jay Leno, auction houses like RM Auctions and Gooding & Co. and luxury brands from Rolls-Royce to Ferrari to Lamborghini for a week of cars, money and society along California's Pacific coastline.
- GM To Recall 249,260 Mid-Size SUVs To Correct Potenial Fire Hazard
August 20 2012 9:11 AM
General Motors Co (NYSE: GM) will recall 249,260 mid-size sport utility vehicles to correct a potential fire hazard, a U.S. government safety agency said.
- A Motorized Unicycle? The RYNO Motors Microcycle May Be Future Of Urban Transit [HOLD, see question]
August 17 2012 7:11 AM
In a world where personal and urban mobility is dominated by the bland dorkiness of the Segway, a 13 year old girl and her inventor father are hoping the RYNO Motors microcycle, a motorized unicycle, will revolutionize how mall cops, Arab sheiks and Hollywood's flush rising stars travel.
- Fate Of Canadian Auto Manufacturing Hangs On CAW-Detroit Negotiations
August 16 2012 6:21 AM
The Canadian Auto Workers and the Detroit Three, General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Chrysler Group LLC, began preliminary contract negotiations on Tuesday, and the fate of Canadian auto manufacturing may hang on the talks.
- El Niño’s Rebound Might Help Deere & Company Sales Next Year
August 15 2012 3:15 PM
Periodic weather pattern is expected to end South America's drought conditions, which might boost farm equipment sales in this key emerging-market region -- and bring some rain to Georgia, too.
- July US Industrial Production Up 0.6% - Better Than Expected
August 15 2012 9:49 AM
U.S. industrial output expanded last month at the fastest pace since April and manufacturing notched another solid advance, hinting at underlying resilience in an economy that has struggled to establish momentum.
- Kia Roars Into Motorsports With Forte Koup, Optima And Unexpected Success
August 15 2012 6:22 AM
The South Korean car manufacturer Kia has become an unexpected success with its Forte Koup and Optima cars on the Grand Am and Pirelli World Challenge racing circuits.
- Auto Bailout To Cost Extra $3.4B
August 14 2012 11:04 AM
The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.
- US Manufacturing Jobs Will Grow As Japan's Carmakers Move Capacity To North America
August 14 2012 6:20 AM
Amid constant political caterwauling about the demise of American manufacturing, Japanese automakers like Toyota Motor Corporation (NYSE: TM), Honda Motor Co. (NYSE: HMC) and Nissan Motor Co. (Tokyo: 7201) are gradually bringing manufacturing jobs to North America by building new factories and adding extra shifts to meet resurgent demand in the U.S. automotive market.
- Wanxiang Lifeline For A123 Faces Anti-China Backlash
August 10 2012 11:47 PM
Chinese conglomerate Wanxiang Qianchao Co. (Shanghai: 000559) is offering a $450 million lifeline to struggling battery manufacturer A123 Systems Inc. (Nasdaq: AONE), but the deal is facing right-wing opposition in the U.S.
- Money's Winners And Losers: Rentech, Goldman Sachs, NASA And Curiosity; Standard Chartered, Apple And Samsung, Social Security Administration
August 10 2012 9:29 PM
Each week, the International Business Times money team picks three winners and three losers. Our choices are made based upon the amount of money involved and how compelling, dramatic, or just generally interesting the story behind the money is.
- Bentley Continental Supersports Convertible Review: Tiger In the Dining Room
August 10 2012 8:58 AM
The Bentley Continental Supersports Convertible embodies contradictions: British class and refinement contain the aggression and power of a tiger about to pounce. The Supersports Convertible strives to be perfect, and in most regards it is. Any review of a car of the Supersports Convertible's caliber has to focus on the details or limit itself to five short words: this is a great car.
- Renault Bets On Africa With Continent's Largest Automotive Factory
August 10 2012 6:17 AM
The Renault-Nissan Alliance headed by superstar CEO Carlos Ghosn is hoping to beat the crowds in the nascent African automotive market with the largest assembly plant on the continent.
- General Motors’ Akerson Wants Company To Stop Being A Dinosaur
August 09 2012 7:24 PM
General Motors Company (NYSE: GM) chairman and CEO Dan Akerson seems to think that it is finally time for the company to leave the 1970s and enter the 21st century. He also implied that it was time for the nation's largest automaker to stop being a dinosaur, according to the Detroit News.
- Why Bloomberg's Plan for More New York City Taxis Is Stupid
August 07 2012 12:46 PM
New York City's Bloomberg administration and the NYC Taxi & Limousine Commission are embarking on a stupid plan to expand the taxi fleet as a way of plugging holes in the 2013 budget.
- GM Calls Spyker's $3B Saab Lawsuit 'Baseless'
August 06 2012 6:49 PM
General Motors Company (NYSE: GM) talked some smack at Dutch carmaker Spyker N.V. following its Monday announcement that it would sue GM for $3 billion over the bankruptcy of Saab Automobile AB.