Personal spending and income rise in November
Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery. Read Full Article here.
U.S. Senate health bill creates new insurance program
A new government insurance program that would help the elderly and disabled stay in their homes is headed for passage in the U.S. Senate's sweeping healthcare revamp despite doubts about its viability and cost. Read Full Article here.
China's Geely agrees Volvo buy, BAIC eyes expansion
China's automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford's and General Motors' ailing Swedish brands Volvo and Saab in a bid to be global industry players. Read Full Article here.
Outage cripples BlackBerry Americas network
North and South American users of Research in Motion Ltd's BlackBerry smartphone suffered widespread delays in message services on Tuesday, just a week after another outage struck the popular corporate network. Read Full Article here.
ReachLocal files for $100 mln IPO
Internet marketing company ReachLocal Inc on Tuesday filed for an initial public offering of up to $100 million. Read Full Article here.
Harassed Nestle halts Zimbabwe operations
Swiss food company Nestle has suspended operations in Zimbabwe, complaining of harassment after it pulled out of a deal to buy milk from a farm taken over by President Robert Mugabe's family. Read Full Article here.
Daimler to buy fuel cell products from Ballard
Ballard Power Systems will supply Daimler AG with fuel cell products for the automaker's clean energy car and bus programs, Ballard said on Tuesday. Read Full Article here.