International Business News - Industries http://www.ibtimes.com/rss/feed/industries.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/industries.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif South African media group Naspers has signed an increased $1.6 billion forward start loan with a group of international banks, banking sources said on Friday. http://www.ibtimes.com/articles/20091120/rlpc-naspers-doubles6-bln-forward-start-loan-sources.htm http://www.ibtimes.com/articles/20091120/rlpc-naspers-doubles6-bln-forward-start-loan-sources.htm Fri, 20 Nov 2009 16:26:58 EST U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles. http://www.ibtimes.com/articles/20091120/uelectric-carmaker-tesla-preparing-ipo-sources.htm http://www.ibtimes.com/articles/20091120/uelectric-carmaker-tesla-preparing-ipo-sources.htm Fri, 20 Nov 2009 16:23:41 EST Ford Motor Co plans to invest 4 billion reais ($2.26 billion) in Brazil to boost output as record-low borrowing costs and a recovery in Latin America's largest economy stoke demand for new cars, Mark Fields, the company's president for the Americas, said on Friday. http://www.ibtimes.com/articles/20091120/ford-invest3-bln-boost-brazil-output.htm http://www.ibtimes.com/data/articleimgs/224486-ford-to-invest3-bln-to-boost-brazil-output.jpg http://www.ibtimes.com/articles/20091120/ford-invest3-bln-boost-brazil-output.htm http://www.ibtimes.com/articles/20091120/ford-invest3-bln-boost-brazil-output.htm Fri, 20 Nov 2009 14:21:41 EST Spain's industry minister on Friday said after meeting with a top General Motors executive that no more jobs would be cut at a GM Opel plant near Zaragoza than previously agreed with former prospective buyer Magna. http://www.ibtimes.com/articles/20091120/spain-sees-no-more-than-900-job-cuts-opel-plant.htm http://www.ibtimes.com/data/articleimgs/224485-spain-sees-no-more-than-900-job-cuts-at-opel-plant.jpg http://www.ibtimes.com/articles/20091120/spain-sees-no-more-than-900-job-cuts-opel-plant.htm http://www.ibtimes.com/articles/20091120/spain-sees-no-more-than-900-job-cuts-opel-plant.htm Fri, 20 Nov 2009 14:19:25 EST Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all. http://www.ibtimes.com/articles/20091120/rothschild-star-and-buffett-banker-circle-cadbury.htm http://www.ibtimes.com/data/articleimgs/224483-rothschild-star-and-buffett-banker-circle-cadbury.jpg http://www.ibtimes.com/articles/20091120/rothschild-star-and-buffett-banker-circle-cadbury.htm http://www.ibtimes.com/articles/20091120/rothschild-star-and-buffett-banker-circle-cadbury.htm Fri, 20 Nov 2009 14:14:33 EST The supervisory board of indebted automotive holding Porsche SE signed off on a contract to merge with its majority-owned, cash-rich subsidiary Volkswagen by 2011, Porsche said on Friday. http://www.ibtimes.com/articles/20091120/porsche-board-okays-merger-contract-with-volkswagen.htm http://www.ibtimes.com/data/articleimgs/224480-porsche-board-okays-merger-contract-with-volkswagen.jpg http://www.ibtimes.com/articles/20091120/porsche-board-okays-merger-contract-with-volkswagen.htm http://www.ibtimes.com/articles/20091120/porsche-board-okays-merger-contract-with-volkswagen.htm Fri, 20 Nov 2009 14:11:06 EST With the clock ticking toward a December 31 deadline, Boeing Co executives on Friday said the company is on schedule for the first test flight of its long-delayed and highly anticipated 787 Dreamliner. http://www.ibtimes.com/articles/20091120/boeing-787-flight-on-track-end-executives.htm http://www.ibtimes.com/data/articleimgs/224479-boeing-787-flight-on-track-for-year-end-executives.jpg http://www.ibtimes.com/articles/20091120/boeing-787-flight-on-track-end-executives.htm http://www.ibtimes.com/articles/20091120/boeing-787-flight-on-track-end-executives.htm Fri, 20 Nov 2009 14:04:27 EST Chrysler Group LLC on Friday launched a year-end sale for nearly all of its 2010 model year vehicles with zero percent financing or up to $4,000 cash to draw customers during the typically slower winter months. http://www.ibtimes.com/articles/20091120/chrysler-launches-incentives-on-models.htm http://www.ibtimes.com/data/articleimgs/224472-chrysler-launches-incentives-on-2010-models.jpg http://www.ibtimes.com/articles/20091120/chrysler-launches-incentives-on-models.htm http://www.ibtimes.com/articles/20091120/chrysler-launches-incentives-on-models.htm Fri, 20 Nov 2009 12:05:14 EST Fiat SpA may have to close factories in Italy, given sharp falls in auto sales which have changed the sector dramatically, Chief Executive Sergio Marchionne said on Friday. http://www.ibtimes.com/articles/20091120/fiat-cannot-keep-all-italy-plants-open-ceo.htm http://www.ibtimes.com/data/articleimgs/224471-fiat-cannot-keep-all-italy-plants-open-ceo.jpg http://www.ibtimes.com/articles/20091120/fiat-cannot-keep-all-italy-plants-open-ceo.htm http://www.ibtimes.com/articles/20091120/fiat-cannot-keep-all-italy-plants-open-ceo.htm Fri, 20 Nov 2009 12:03:27 EST Omnicity Corp., the Midwest’s largest and fastest growing fixed Wireless Internet Service Provider, announced today after the closing bell that it has added Mr. Richard H. Reahard to its Board of Directors. Earning his BS in Business Administration from Indiana University in 1971 and his MBA from Butler University in 1975, Mr. Reahard is a [...] http://www.ibtimes.com/articles/20091120/omnicity-corp-omcy-ob-announces-addition-of-new-board-member.htm http://www.ibtimes.com/articles/20091120/omnicity-corp-omcy-ob-announces-addition-of-new-board-member.htm Fri, 20 Nov 2009 11:57:43 EST Nomura Asset Management said on Friday it will suspend new subscriptions of a popular U.S. REIT investment trust fund as heavy inflows from retail investors boosted its size beyond the appropriate level to manage the fund. http://www.ibtimes.com/articles/20091120/nomura-asset-suspend-subscription-reit-fund.htm http://www.ibtimes.com/data/articleimgs/224470-nomura-asset-to-suspend-subscription-of-reit-fund.jpg http://www.ibtimes.com/articles/20091120/nomura-asset-suspend-subscription-reit-fund.htm http://www.ibtimes.com/articles/20091120/nomura-asset-suspend-subscription-reit-fund.htm Fri, 20 Nov 2009 11:55:15 EST Muscle Flex Inc. announced today during trading hours that it will release the BUDDY Tablet Caddy two-minute commercial and the one-page landing page tonight at 8pm PST for the American Music Awards weekend. The commercial and landing page can be viewed at www.GetTheBUDDY.com once launched. Muscle Flex believes the American Music Awards weekend is an ideal [...] http://www.ibtimes.com/articles/20091120/muscle-flex-inc-mfli-pk-announces-release-time-for-the-buddy-tablet-caddy-two-minute-commercial-and-.htm http://www.ibtimes.com/articles/20091120/muscle-flex-inc-mfli-pk-announces-release-time-for-the-buddy-tablet-caddy-two-minute-commercial-and-.htm Fri, 20 Nov 2009 11:54:16 EST Malaysia has awarded a commercial bank license to Industrial and Commercial Bank of China, the country's biggest bank, Malaysia's central bank said on Friday. http://www.ibtimes.com/articles/20091120/chinas-biggest-bank-gets-malaysia-licensebank.htm http://www.ibtimes.com/data/articleimgs/224469-chinas-biggest-bank-gets-malaysia-licensebank.jpg http://www.ibtimes.com/articles/20091120/chinas-biggest-bank-gets-malaysia-licensebank.htm http://www.ibtimes.com/articles/20091120/chinas-biggest-bank-gets-malaysia-licensebank.htm Fri, 20 Nov 2009 11:53:16 EST Ford Motor Co, the No. 2 U.S.-based automaker, plans to invest 2.8 billion reais ($1.61 billion) in Brazil to boost output at two plants by 20 percent, a top company executive said on Friday. http://www.ibtimes.com/articles/20091120/ford-plans6-bln-brazil-investments-executive.htm http://www.ibtimes.com/data/articleimgs/224468-ford-plans6-bln-brazil-investments-executive.jpg http://www.ibtimes.com/articles/20091120/ford-plans6-bln-brazil-investments-executive.htm http://www.ibtimes.com/articles/20091120/ford-plans6-bln-brazil-investments-executive.htm Fri, 20 Nov 2009 11:51:33 EST Shares of Chinese discount hotel chain 7 Days Group Holdings Ltd jumped as much as 28.6 percent in their New York Stock Exchange debut on Friday. http://www.ibtimes.com/articles/20091120/china-hotel-chaindays-jumps-nyse-debut.htm http://www.ibtimes.com/articles/20091120/china-hotel-chaindays-jumps-nyse-debut.htm Fri, 20 Nov 2009 11:43:52 EST Private equity-backed Archipelago Learning Inc's shares rose in their first trading session following the company's initial public offering, which priced in line with expectations on Thursday. http://www.ibtimes.com/articles/20091120/pe-owned-archipelago-learning-nasdaq-debut.htm http://www.ibtimes.com/articles/20091120/pe-owned-archipelago-learning-nasdaq-debut.htm Fri, 20 Nov 2009 11:41:55 EST Global Defense Technology & Systems Inc shares hovered near their initial public offering price on Friday in their first session on Nasdaq after the company's IPO priced below expectations. http://www.ibtimes.com/articles/20091120/global-defense-ipo-flat-nasdaq-debut.htm http://www.ibtimes.com/articles/20091120/global-defense-ipo-flat-nasdaq-debut.htm Fri, 20 Nov 2009 11:41:04 EST J.M. Smucker Co , best known for its peanut butter and jelly, posted higher-than-expected quarterly results, driven by strong margins at its Folgers coffee business, and raised its full-year profit outlook, sending its shares up 5 percent. http://www.ibtimes.com/articles/20091120/jm-smucker-brews-q2-beat-with-folgers-coffee.htm http://www.ibtimes.com/articles/20091120/jm-smucker-brews-q2-beat-with-folgers-coffee.htm Fri, 20 Nov 2009 11:40:01 EST Hungary's K&H Bank, the local unit of Belgium's KBC Group, said risk provisions rose and lending dropped sharply in the first three quarters, eroding net profit. http://www.ibtimes.com/articles/20091120/kbc-hungary-units-q3-drops-may-hold-ipo-2011.htm http://www.ibtimes.com/data/articleimgs/224465-kbc-hungary-units-q3-drops-may-hold-ipo-in-2011.jpg http://www.ibtimes.com/articles/20091120/kbc-hungary-units-q3-drops-may-hold-ipo-2011.htm http://www.ibtimes.com/articles/20091120/kbc-hungary-units-q3-drops-may-hold-ipo-2011.htm Fri, 20 Nov 2009 11:37:14 EST Met-Pro Corp posted third-quarter results that missed market estimates, but said new orders were up sequentially. http://www.ibtimes.com/articles/20091120/met-pro-q3-lags-street.htm http://www.ibtimes.com/articles/20091120/met-pro-q3-lags-street.htm Fri, 20 Nov 2009 11:32:35 EST