Result Page 587 for Latest Companies News & Archive

Home loan demand drops even as rates fall

Mortgage applications fell from a six-month peak last week as the lowest interest rates in over a year failed to foster demand for refinancing or home purchase loans.

Analysis: Ethanol blend rise may revive auto industry

U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won't run as well on higher blends, but Brazil's experience shows their arguments are weak.

New strike in China affects supplier to Toyota and Honda

A strike at a Japanese car parts supplier in southern China forced Toyota Motor Corp to suspend production at a Chinese auto assembly plant on Tuesday, the latest in a string of labor-related disruptions at foreign-owned manufacturers across the country.

US ethanol blend rise may revive auto industry

U.S. automakers oppose raising the blend of ethanol in gasoline from the current 10 percent, saying cars won't run as well on higher blends, but Brazil's experience shows their arguments are weak.

More news

Toyota to make Corollas in Mississippi in 2011

Toyota Motor Corp is resuming construction of a plant in Mississippi that was put on hold during the economic downturn, and plans to make its top-selling Corolla sedan there starting in autumn 2011.

Ford jumps and Toyota plunges in key quality measure

Ford Motor Co ranked No. 1 for new car quality among mass-market brands while recall-hit Toyota Motor Corp plunged in a closely watched quality survey released on Thursday.

Authorities reveal mortgage fraud crackdown, 485 arrests

U.S. authorities have charged 1,215 people in hundreds of mortgage fraud cases that resulted in estimated losses of $2.3 billion, top Obama administration officials said on Thursday, unveiling a crackdown after the housing market collapse.

Analysis: Stricter mortgage rules just first step in housing

A broad rewrite of financial rules will make it tougher to get a mortgage, but Congress may not be going far enough to crack down on the easy home loans at the heart of the financial meltdown.

Mortgage rates steady, 30-year at 4.75 percent: Freddie

Mortgage rates held steady at or near record lows in the latest week, home funding company Freddie Mac said on Thursday, with new housing data indicating market momentum is muted.

UAW elects veteran Ford negotiator president

The United Auto Workers on Wednesday overwhelmingly elected Bob King as its president in an endorsement of the sweeping concessions the union made to U.S. automakers in recent years in a bid to ensure their survival.

Toyota revives Brazil and U.S. plant projects: report

Toyota Motor Corp is set to resume construction of car assembly plants in Brazil and Mississippi which were put on hold amid the global financial crisis, the Nikkei business daily said on Thursday.

GM to restructure Opel without European aid

General Motors said on Wednesday it was dropping its request for European aid to restructure its Opel unit, opting to fund the sweeping turnaround plan on its own after government talks bogged down.

VW shrugs off 2010 caution after bumper 5 months

Volkswagen shrugged off previously cautious outlooks for 2010 profit, saying a forecast-beating performance in the first five months meant it would now significantly exceed last year's results.

Home building dives to five-month low

Housing starts fell to a five-month low in May but industrial output rose, evidence of an uneven recovery that has kept inflation at a minimum.

Fannie Mae, Freddie Mac to delist shares on NYSE

Fannie Mae and Freddie Mac, the largest U.S. home funding companies, will delist their shares on the New York Stock Exchange after Fannie Mae fell below and Freddie Mac held near minimum price requirements, the companies' regulator said on Wednesday.

Mortgage demand jumps after tax credit payback

Mortgage demand jumped to a five-month peak last week, with applications to buy homes up from 13-year lows set in the wake of buyer tax credits while refinance loans hit the highest level since May 2009.

U.S. home buyers still in driver's seat: Trulia

Prices were cut on nearly one quarter of U.S. homes on the market in May, the same as April, with a growing supply of unsold homes keeping buyers in the driver's seat, real estate web site Trulia.com said on Wednesday.

Volkswagen aims for 4 percent U.S. market share

Volkswagen AG sees the newest Jetta model bolstering U.S. sales of the car by as much as 25 percent by 2012, helping the automaker seize up to 4 percent of the U.S. auto market.

Tesla to raise $185 million from IPO, private placement

The company said the IPO of 11.1 million shares will be priced at $14 to $16 per share.

Jobs key to housing recovery

The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on Monday.

Honda China strike could spur broader worker demands

A strike at a Honda Motor parts supplier in southern China could augur broader demands across China's vast manufacturing belt as workers seek a bigger piece of the nation's growing economic wealth.

Novartis' multiple sclerosis drug fingolimod gets initial nod from FDA panel

The advisory panel also recommended post-marketing collection of additional safety data and evaluation of a lower dose

Chrysler says generating cash, building momentum

Chrysler is generating the cash needed to rebuild its product portfolio as sales continue to gain momentum, Chief Executive Sergio Marchionne told employees on Friday.

Mortgage rates at, near record lows: Freddie Mac

U.S. mortgage rates dropped in the past week, with fixed-rate loans either reaching or nearing record lows, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

GM bans use of Chevy brand name internally

General Motors Co has banned the use of the popular Chevy nickname for its flagship Chevrolet brand internally but would more than welcome if a customer calls his or her car Chevy.

Without tax credit, home demand keeps slumping

Home buying applications sank for a fifth straight week to a fresh 13-year low, the Mortgage Bankers Association said on Wednesday, suggesting that tax credits had robbed more from future sales than expected.

Chrysler recalls nearly 600,000 vehicles

Doors that could catch fire, brakes that could fail and accelerators that could stick have caused Chrysler Group LLC to recall nearly 600,000 vehicles involving five models in the United States.

Changan to make Ford car under own brand: sources

Chongqing Changan Automobile is in talks with partner Ford Motor to produce a mid-sized car in China using Ford technology but carrying a Changan brand, as they move to take their partnership to a new level.

Daimler would welcome Chinese shareholders: CFO to media

Daimler would welcome having Chinese investors as shareholders and will itself remain a major owner of aerospace giant EADS, the German carmaker's Chief Financial Officer was quoted as saying.

Homeownership rate may fall further: NY Fed study

The homeownership rate will drop further unless house prices rise substantially, as people who owe more on their mortgage than their house is worth become renters, according to a study released Friday.

Opel gets more time to lobby Germany on aid

The German government has delayed a vote which was expected to rule out federal aid for General Motors' European unit Opel, giving Opel's supporters a few more days to lobby Berlin to change its mind.

GM and Chrysler real chance for growth: Obama adviser

General Motors and Chrysler are reasonably positioned for growth after U.S. intervention saved the companies last year, and government support for the auto sector will begin to be pulled back, the manufacturing adviser to the president said on Thursday.

COMPANIES

Pages