The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
Fueled by leftover chocolate and with components made from carrots, potato starch and flax, the world's first sustainable Formula 3 racing car has a top speed of 135 miles per hour and can go from zero to 60 in 2.5 seconds.
A leading indicator of U.S. residential construction spending rose in the fourth quarter from a year earlier, but business conditions remained weak as the housing downturn lingers, an architects' trade group said on Tuesday.
The percentage of U.S. homeowners who cut the listing price on their houses fell in February to the lowest level in 10 months, as initial pricing became more realistic heading into the spring selling season, real estate web site Trulia.com said on Tuesday.
Chevron Corp, the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.
Now that the U.S. Federal Reserve has nearly finished its massive mortgage bond buying spree, its huge portfolio could be used to tighten credit if and when the economy begins to show real signs of recovery.
The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.
Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.
Japanese carmakers are considering following Toyota Motor's lead in adopting a brake override system that would potentially address all sources of unintended acceleration, including driver error.
Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired 8.65 million shares in Tata Motors from Germany's Daimler AG according to data on the Bombay Stock Exchange website.
German luxury carmaker BMW sees a definite upturn in almost all car markets after its automobile and motorcycle sales increased 14 percent in February compared with the same month last year.
Sanofi-Aventis and Merck agreed to reforge ties in animal health, combining the French drugmaker's Merial unit and Merck's Intervet/Schering Plough to take the top spot in the $19 billion market.
Anheuser-Busch InBev is likely to buy the 50 percent it does not own of Mexican brewer Grupo Modelo this year for around $10.8 billion, said broker Evolution Securities.
New York area drugstore chain Duane Reade Holdings Inc posted a smaller quarterly operating loss and improved margins, while its net loss widened on charges.
Marsh & McLennan Cos Inc has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first round of bidding
Burger King Holdings Inc expects lower third-quarter revenue and restaurant margins in the U.S. and Canada.
Airbus parent EADS fell to a heavy 2009 loss and axed its dividend as production niggles on its A380 superjumbo swelled provisions and dampened the outlook for this year.
Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product.
Northrop Grumman Corp said it would not bid in the U.S. Air Force's multibillion-dollar aerial tanker competition after concluding the rules favored Boeing Co's smaller 767-based plane.
Toyota Motor Corp on Monday sought to discredit an outside study critical of its electronic safety systems and said it had found no flaw with its throttle controls.
Efforts to pry open the culturally sensitive Canadian media industry to more foreign ownership took a new turn Monday when Amazon.com sought federal approval to start a new business in Canada.
Swiss drugmaker Roche Holding AG and U.S. biotechnology company Biogen Idec are suspending experimental rheumatoid arthritis and lupus treatment ocrelizumab after deaths following its use, casting doubt over its future.
German carmaker Daimler was selling its entire stake in India's Tata Motors to raise up to $429 million worth of shares
The famous Route 66 is a historic highway that ran from Chicago, Illinois and ended at the coastal city of Los Angeles, California.
Panasonic Corp will launch its 3D televisions in the United States on Wednesday, and work with top U.S. electronics retailer Best Buy Co to promote the products, the Japanese electronics maker said.
General Motors will pay Stephen Girsky, recently appointed vice chairman in charge of corporate strategy and business development, around $5 million a year, mainly in stocks, the company said on Friday.
Helix Energy Solutions Group Inc, an operator of offshore oil and gas facilities, said it is looking to divest its entire oil and gas business.
Abu Dhabi government-owned Advanced Technology Investment Company (ATIC) plans to spend $2 to $3 billion this year in capacity expansion.
Investor jitters over the health of underlying EADS earnings due out on Tuesday took the shine off a long-awaited international deal.
Dai-ichi Mutual Life Insurance said its IPO, Japan's biggest in 12 years, would raise as much as 1.1 trillion yen ($12 billion) at the top of a price range.
