COMPANIES

Remaining players in the satnav sector are rethinking strategies and some are set to sell out under pressure to survive

The latest failure by CSN to take control of Cimpor threw the focus of the battle for the Portuguese cement maker on to the rival Brazilian companies that thwarted CSN.

American International Group's stalled $2.2 billion sale of its Taiwan unit to a group led by China Strategic faces a new hurdle.

China's Tengzhong could use an offshore vehicle to buy General Motors' Hummer brand if it fails to win Chinese regulatory approval.

The Japanese unit of Wal-Mart Stores said on Tuesday that it would actively seek opportunities for mergers and acquisitions as a way to grow.

Torrential rains in large parts of Uganda should boost this season's coffee output, a senior official with a farmers' organization said on Tuesday.

Kuwaiti telecoms firm Zain, which is selling its African assets to India's Bharti Airtel, will concentrate on the Gulf and Middle East region and is open to new investments, its chief executive said on Tuesday.

U.S. home prices probably stagnated in December, with the S&P/Case-Shiller 20-city index showing no change after a 0.2 percent November decline and a total average price plunge of about 30 percent from 2006 peaks.

Newport Beach, California has been rated the top wealth center among U.S. communities in a new listing by the business news website Portfolio.com.

BYD Co Ltd, a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.

Toyota Motor Corp, struggling with a fast-moving crisis that has tarnished its reputation for quality, is set to face U.S. lawmakers this week seeking answers about the cause of the largest carmaker's safety woes and how it handled evidence of the problems.

Power company DTE Inc (DTE.N) reported fourth-quarter profit in line with estimates and forecast an operating earnings range that was largely above market expectations.

General Motors Co [GM.UL] said on Monday that Stephen Girsky, special adviser to Chief Executive Ed Whitacre, has been appointed vice chairman in charge of corporate strategy and business development.

Laboratory equipment maker Thermo Fisher Scientific Inc has offered $6 billion to buy Millipore Corp, according to a person familiar with the situation, in a deal that would increase its presence in the manufacture of biotech drugs.

Documents reviewed by Congress appear to show that Toyota Motor Corp consistently dismissed the possibility that electronic failures could be responsible for incidents of unintended acceleration.

German car maker BMW has offloaded 3 billion pounds ($4.6 billion) of longevity risk from its UK pension scheme to Deutsche Bank.

General Motors should raise its share of the reorganization costs for its European arm Opel in order to get state aid from Germany, Handelsblatt newspaper reported on Monday, citing German government sources.

Goldman Sachs has defended the cross-currency derivatives it conducted for Greece in 2001.

Dai-ichi Mutual Life Insurance, Japan's second-largest life insurer, said on Monday it would sell about 1.07 trillion yen ($11.7 billion) worth of shares in the country's biggest initial public offering in more than a decade.

Bank of America Corp wants to aggressively expand Merrill Lynch's business of managing investments on behalf of pension funds, foundations and endowments.

U.S. industrial group United Technologies won European Union regulatory approval on Monday to buy the security business of General Electric, boosting its operations in the domestic market.

Morgan Stanley (MS.N) is nearing a deal to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co [KKR.UL] and TPG Capital [TPG.UL] for more than $1 billion, The Wall Street Journal reported, citing sources familiar with the situation.

Ethanol producer Green Plains Renewable Energy Inc (GPRE.O) posted a fourth-quarter profit, helped by higher volumes and better margins, sending its shares up to a new year-high.

Spain's Telefonica (TEF.MC) plans to spend 2.3 billion reais ($1.27 billion) in Brazil in 2010, little changed from the 2.2 billion reais the previous year, Antonio Carlos Valente, the company's chief executive in the country, said on Monday.

Motorola Inc (MOT.N) said on Monday that Dan Moloney, the head of its television set-top box business, has decided to leave the company to become chief executive officer of electronics components maker Technitrol Inc (TNL.N).

A multi-billion dollar auction of 3G spectrum to help plug India's budget deficit may only kick off in the next financial year, a government minister said on Monday.

The Obama administration on Monday urged support for a U.S. financial consumer watchdog that is strong and independent, pushing Senate Democrats to resist compromises sought by Republicans and bank lobbyists.

A document claiming Toyota Motor Corp saved over $100 million by getting U.S. regulators to agree a cheap fix for unintended acceleration problems.

Campbell Soup Co's soup sales fell 8 percent in the United States during the key late fall and winter months, with the more expensive ready-to-serve line the hardest hit.