GM says cost-cutting nearly done, sales chief out
General Motors Co is on track to complete a wrenching cost-cutting but faces risks from an uncertain U.S. economy and rising unemployment as it tries to win back consumers, the automaker said on Wednesday. Read Full Article here.
Alcoa posts surprise quarterly profit
Alcoa Inc posted a surprise profit on Wednesday through cost cutting and higher aluminum prices after three consecutive quarterly losses, sending its stock 6 percent higher. Read Full Article here.
FCC chief lauds opening of wireless networks
The top U.S. communications regulator praised recent moves by top wireless companies to open their networks and said he would work to overcome a looming shortage of airwaves used by the industry. Read Full Article here.
U.S. airline earnings may show signs of recovery
The U.S. airline industry, battered severely in the last year by volatile fuel costs and an economic recession, may show signs of recovery when carriers begin reporting quarterly earnings next week, experts said on Wednesday. Read Full Article here.
Amazon.com takes Kindle global
Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries, including China and most of Europe, intensifying a battle for the burgeoning digital book market. Read Full Article here.
Dell plans first U.S. smartphone with AT&T: report
Dell Inc plans to launch a smartphone with Google's Android mobile software on carrier AT&T's network as soon as early 2010, the Wall Street Journal reported, marking the PC maker's first foray into a cut-throat U.S. cellphone arena. Read Full Article here.
Telefonica bids $3.7 billion for Brazil's GVT
Spain's Telefonica offered on Wednesday to buy Brazilian telecommunications company GVT for 6.5 billion reais ($3.7 billion) in cash, seeking to trump a bid by French rival Vivendi. Read Full Article here.
Mercedes sticks to Magna, gives gullwing body order
Magna International Inc received a prestigious order from Daimler, its fifth biggest customer, in a sign of faith that it would not pull business from the auto parts supplier despite the Canadian company's planned Opel deal. Read Full Article here.