COMPANIES

IBTimes Logo

Toyota eyes U.S. output cutbacks after recalls

Toyota Motor Corp has decided to cancel production at two U.S. plants for a total of two weeks in anticipation of a drop in sales in the wake of its massive recalls, Japan's Chunichi Shimbun reported on Tuesday.

Zain eyes big gains, Bharti shares fall further

IBTimes Logo
Kuwaiti telecoms firm Zain said it would pocket around half of the proceeds from its planned $10.7 billion sale of African assets to Bharti Airtel and use the rest to pay off debt, sending its shares soaring.

Toyota crash complaints rise in U.S.

IBTimes Logo
Fatalities alleged by consumers to the government related to unintended acceleration in Toyota Motor Corp vehicles have reached 34, with a recent jump in complaints accounting for more than a third of the total.
More news
IBTimes Logo

Ford to launch new Mercury small car in 2011

Ford Motor Co will launch a new small car for its Mercury brand in early 2011, based on the automaker's new global compact car platform, Ford President of the Americas Mark Fields said on Sunday.
IBTimes Logo

Toyota to review electronic throttle again: report

Toyota Motor Corp has decided to conduct another review of electronic throttle control systems that have been linked with unintended acceleration problems in its cars, the Yomiuri newspaper reported on Monday.
IBTimes Logo

A400M buyers set to make proposal on Airbus

Buyer nations for the Airbus A400M will deliver a joint proposal on funding for the military transport plane on Monday, aiming to reach a solution on its future as soon as possible.
IBTimes Logo

L'Oreal says aims for renewed growth in 2010

French beauty products giant L'Oreal pledged to improve sales and earnings in 2010 as it posted in-line 2009 profit but fourth-quarter luxury sales that missed market forecasts.
IBTimes Logo

Bharti eyes Africa in $11 bln bid for Zain assets

Bharti Airtel is in exclusive talks to buy most of Kuwaiti telecom group Zain's African business, the firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber growth.
IBTimes Logo

HSBC seeks big growth, sukuk pickup in 2010

HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
IBTimes Logo

Bharti confirms $10.7 bln bid for Zain Africa assets

Bharti Airtel is in exclusive talks to buy for $10.7 billion in cash most of Kuwaiti telecom group Zain's African cellular assets, the Indian firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber growth.
IBTimes Logo

Russia's Sberbank increased Jan profit threefold

Sberbank , Russia's biggest lender, on Monday reported an almost threefold year-on-year rise in net profit in January to 11.7 billion roubles ($387 million), but provisions continued to pressure its income.
IBTimes Logo

New effort to revive U.S. biodiesel credit

Senate leaders have dropped from a jobs creation bill a U.S. tax credit for biodiesel, creating uncertainty for biodiesel makers, who say they need the incentive to keep running.
IBTimes Logo

HP's $3 bln purchase of 3Com wins EU approval

U.S. technology giant Hewlett-Packard Co won approval from EU competition regulators on Friday for its takeover of 3Com Corp, reinforcing its presence in the network equipment market.
IBTimes Logo

GM leads foreign charge to low-end China car market

Foreign automakers enjoying success in China may be gearing up to take on local players in the high-volume but competitive low-end market, following General Motors' recent roll-out of a model priced as low $8,300.
IBTimes Logo

Dealers see short-term hit from Toyota

Toyota Motor Corp's safety recalls will hurt U.S. dealer sales in the first quarter but payments from Toyota for the repairs will offset any dealer losses over the rest of the year, two major U.S. auto dealership groups said on Thursday.
IBTimes Logo

Volkswagen recalls 200,000 cars in Brazil

Volkswagen is recalling close to 200,000 units of its Novo Gol and Novo Voyage models built in Brazil for the local market, VW's third-largest, due to insufficient grease in rear wheel bearings in some cases.
IBTimes Logo

Honda India revives plan for second plant

Japan's Honda Motor Co's Indian car unit has revived plans for production at its second plant in India due to a surge in sales last year, a senior company official said.
IBTimes Logo

Toyota Canada puts focus on retaining customers

Toyota is aiming its Canadian advertising dollars at reassuring existing customers worried by the company's recent safety woes, rather than winning new buyers, even though the move may hurt February sales numbers, a top Toyota Canada executive said on Thursday.
IBTimes Logo

AIG snubs JPMorgan?: No role in $10 billion AIA IPO

American International Group Inc turned down JPMorgan's attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured relations dating back to the financial crisis.
IBTimes Logo

Mining M&A expected to pick up pace this year

Merger and acquisition activity in the mining sector is likely to pick up pace in 2010 as producers shift their focus from cutting costs to driving growth in a recovering global economy, according to a report released on Thursday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.