Toyota head: returning to profit hard with weak dollar
The head of Toyota Motor Corp on Friday called the current dollar-yen rate very tough, saying the weak U.S. currency made it difficult to return to profit on an unconsolidated level. Read Full Article here.
GE looking at partnership or IPO for NBC Universal
General Electric Co is holding discussions on partnerships or an IPO for its NBC Universal unit, Chief Executive Jeffrey Immelt said, as expectations grow about a deal with cable operator Comcast Corp. Read Full Article here.
U.S. restructuring wave to come over 18 months: GE
An avalanche of large U.S. businesses will need to be restructured over the next 12 to18 months, said Rob McMahon, head of General Electric Corp's Restructuring Finance Group. Read Full Article here.
World stocks tumble, dollar steady
Equity markets across the globe tumbled and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large. Read Full Article here.
CIT launches debt-swap plan, warns about bankruptcy
CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy. Read Full Article here.
IBM takes on Google in business Web-mail market
IBM is introducing an inexpensive Web-based corporate email service that will compete with Google Inc's Google Apps, which has recently suffered several high-profile outages. Read Full Article here.
No IPO resurgence, wait for 2010: venture cap group
Initial public offerings will rebound only in 2010, despite a pick-up in activity that some investors say signal a resurgence, the National Venture Capital Association said on Thursday. Read Full Article here.
Strong dollar 'very important': Geithner
U.S. Treasury Secretary Timothy Geithner said on Thursday that a strong dollar was very important to the United States and the rest of the world needs to be convinced Americans will be more thrifty in future. Read Full Article here.
Northrop beats Boeing in $3.8 bln tanker service work
Northrop Grumman Corp beat rival Boeing Co to win a major $3.8 billion contract to maintain and service the U.S. Air Force's fleet of KC-10 refueling tankers, the Pentagon said on Thursday. Read Full Article here.
Washington Post, Bloomberg will start news service
The Washington Post and Bloomberg will start a service in January to distribute a selection of their news to newspapers, Websites and other subscribers, a day after the Post ended a similar arrangement with Tribune Co's Los Angeles Times. Read Full Article here.