U.S. mortgage applications fell for a fourth straight week, reflecting the inability of many homeowners to take advantage of record low interest rates, data from an industry group showed on Wednesday.
Fannie Mae, the largest provider of funding for U.S. home mortgages, on Wednesday said its mortgage investment portfolio shrank in August, while delinquencies on loans it guarantees slowed significantly in the month prior.
Valuemart Info Technologies Limited (Valuemart), a Bangalore based Software development and legal process outsourcing (LPO) firm, said it has bagged a contract for legal document processing from a leading US law firm.
Tata Consultancy Services (TCS), India's top IT services firm, said on Wednesday it signed a 5-year infrastructure management services contract worth more than AUD $50 million with Australia-based renewable energy company AGL Energy Ltd.
The Motorist Choice Awards named Audi's A5 and A6 as the Best Sexy Styling and the Best Country Club Vehicles for 2010 in the Premium Brand category. The results stem from the information taken from more than 42,000 consumer surveys.
Chrysler Group on Monday fired 13 workers at the same auto plant visited by President Barack Obama this summer, after a local television station report showed some of them drinking on their lunch breaks.
Toyota Motor Corp said it would enter the growing Japanese minivehicle sector next year through a supply deal with unit Daihatsu Motor Co in a move set to intensify competition in the tough domestic market.
Consumer confidence fell to its lowest level since February in September, underscoring lingering worries about the stremgth of the economic recovery, while home prices dipped in July.
Single-family home prices dipped in July, hovering above multi-year lows absent the homebuyer tax credit that ended in April, according a Standard & Poor's/Case-Shiller home price report on Tuesday.
Saab owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move that could help it reach a goal of trebling sales volumes.
China's BYD rolled out the welcome mat for billionaire investor and backer Warren Buffett, flying him to its south China base on Monday for a series of events to showcase its clean car initiatives.
Ford will be cashflow positive and improve overall performance next year after solid earnings in 2010, as it intensifies its focus on smaller, greener models, its chief executive Alan Mulally said on Monday.
Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control.
French carmaker PSA Peugeot Citroen is considering expanding its cooperation with German peer BMW in carbon fibers, the German business daily Handelsblatt reported.
Italian automaker Fiat is considering listing part of its sports car unit Ferrari to raise cash in order to increase its stake in U.S. carmaker Chrysler, Il Corriere della Sera said on Sunday.
The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares
Despite severe restrictions on tobacco advertising, youths are still too often exposed to media depicting smoking and drinking in a favorable light, according to one group of doctors.
New orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly, the latest sign a sharp summer slowdown in the economy was abating.
New U.S. single-family home sales were flat in August, but the supply of houses on the market tumbled to the lowest level in 42 years, government data showed on Friday.
Delinquencies on U.S. home mortgages fell slightly in the three months through June, though the number of homeowners who lost their homes rose sharply from the first quarter
Freddie Mac said on Friday that its mortgage portfolio shrank in August as did its total debt outstanding, while delinquency rates on loans it guarantees were mixed.
Elizabeth Warren, the Obama administration's new consumer financial protection czar, said on Thursday that banks are showing early receptiveness to her plans for simplifying their disclosures to consumers.
More than half of the 1.3 million homeowners initially helped by the Obama administration's marquee foreclosure prevention program have since dropped out.
U.S. officials are not discussing renewal of a popular homebuyer tax credit that expired in April, President Barack Obama's top housing adviser said on Wednesday.
Toyota Motor Corp, Japan's largest automaker, has lifted a ban prohibiting office staff from working overtime, a move intended to give experienced workers more time to coach younger personnel, the Nikkei business daily said.
Hyundai Motor plans to disclose on Monday it is bidding for a controlling stake in Hyundai Engineering & Construction, an executive of the South Korean car maker said.
U.S. billionaire Warren Buffett could deliver some tough talk to BYD Co Ltd when he visits the Chinese automaker
Ford Motor Co President for the Americas Mark Fields said on Thursday he expects September U.S. light vehicle sales to top the 11.5 million annualized sales rate from August, which matches analysts' forecasts.
Early U.S. sales for Ford Motor Co's Fiesta show that consumers are buying higher-end versions of the new small car, boosting the automaker's profit on sales in a traditionally low-margin segment, company officials said on Wednesday.
Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday.
