GM opts to keep Opel, scraps sale to Magna
The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna. Read Full Article here.
Berkshire Hathaway to buy Burlington Northern
Warren Buffett's Berkshire Hathaway Inc said it agreed to buy railroad Burlington Northern Santa Fe Corp in Buffett's biggest acquisition ever. In a statement, Buffett said railroads are key for the United States' future growth, and will only grow when the nation grows. Read Full Article here.
Kraft says won't overpay for Cadbury as revenue misses
Kraft Foods Inc , which posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday, said it would not overpay for British chocolatier Cadbury Plc. Read Full Article here.
J&J to slash 7,000 to 8,000 jobs
Johnson & Johnson plans to cut up to 7 percent of its workforce in order to generate cost savings needed to finance increasingly costly drug research and to weather future challenges, the diversified healthcare company said on Tuesday. Read Full Article here.
Sony Ericsson unveils first Android phone
Sony Ericsson unveiled its flagship X10 mobile phone on Tuesday, its first to run on Google Inc's Android operating system, hoping the device will help reverse its loss of market share. Read Full Article here.
Rising factory orders bolster recovery prospects
U.S. factory orders rose a stronger-than-expected 0.9 percent in September, and inventories continued to shrink, bolstering prospects for a sustained economic recovery. Read Full Article here.