COMPANIES

Investment company Genii Capital has withdrawn from the bidding for General Motors' unit Saab, leaving Spyker Cars as the sole remaining bidder to rescue the ailing Swedish auto brand.

Avatar, which is set to beat 'Titanic' in the next few weeks as the all-time record holder for U.S. Domestic box-office receipts is still relatively far from beating 1933's “Gone With the Wind” as the inflation-adjusted box office champion.

Amgen Inc on Monday issued a 2010 forecast that was in line with Wall Street expectations, but its slightly higher fourth-quarter profit came in shy of analyst estimates.

General Motors Co Chairman Ed Whitacre said on Monday he would stay on as chief executive indefinitely, ending an eight-week search for his successor in a move intended to bring stability to the automaker's turnaround plans.

A Canadian court has dismissed attempts by Dell Canada Inc to stop a class action lawsuit dating back to 2007 involving 119,000 claims of faulty laptops, the law firm representing the action said on Monday.

Ticketing giant Ticketmaster Entertainment and concert promoter Live Nation won U.S. antitrust approval to merge on the condition that Ticketmaster divests certain assets and license its primary ticketing software, the Justice Department said on Monday.

AIG's talks to sell its foreign life insurance business offer hope that U.S. taxpayers might recoup their investment in the bailed-out insurer, but it is far from getting off federal life support.

General Motors Co has held advanced talks with Spyker Cars for the sale of its Swedish brand Saab but is proceeding with plans to wind down the unit, GM Chief Executive Ed Whitacre said on Monday.

China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.

EU regulators launched an investigation into whether a planned $116 billion iron ore production joint venture between BHP Billiton and Rio Tinto, criticised by steelmakers, will curb competition. Rio, the world's second-largest iron ore producer, and BHP, the third-largest, said they would keep their marketing separate to try to ease regulatory concerns when they unveiled the agreement to combine their Western Australian iron ore operations in December.

The landlords who acquired a massive apartment complex in Manhattan in 2006 for a record sum have decided to give up control of the property to their lenders, as the biggest residential real estate deal in U.S. history has collapsed after a missed debt payment.

Power company Duke Energy said its commercial business unit, Duke Energy Generation Services (DEGS), agreed to buy a 14 megawatt Blue Wing Solar Project from juwi Solar Inc, a unit of Germany's juwi Holding AG.

Solar company Conergy paved the way for striking a refinancing deal by the end of March thanks to a breakthrough settlement with wafer supplier MEMC, its CEO told Reuters on Monday.

Hopes tiny Dutch car maker Spyker can yet rescue Sweden's failing Saab automobile brand and the 3,400 jobs that depend on it flickered back into life on Monday.

General Motors Co Chairman and acting Chief Executive Ed Whitacre will take the CEO role on a permanent basis, CNBC reported on Monday.

Spyker Cars said on Tuesday its talks with General Motors over buying its ailing Swedish carmaking unit Saab must end soon, as swirling speculation about a last-ditch deal sent its shares to 12-month highs.

General Motors Co acting Chief Executive Ed Whitacre will take that role on a permanent basis, a person familiar with the matter said on Monday.

A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.

European Union regulators opened an antitrust investigation on Monday into a planned $116 billion (71.8 billion pounds) iron ore production joint venture between BHP Billiton and Rio Tinto.

A venture led by Tishman Speyer Properties is giving up the Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.

A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom, the Wall Street Journal reported on Monday.

A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom, the Wall Street Journal reported on Monday.

Citigroup Inc on Friday said it is trying to move to London a New York lawsuit by British private equity firm Terra Firma over that firm's purchase of music business EMI Group.

Spyker Cars NV is well-positioned to purchase ailing Swedish carmaker Saab after negotiations with owner General Motors in Stockholm, a spokesman for rival bidder Genii Capital said on Saturday.

U.S. confectionery group Hershey on Friday ruled itself out of making a rival bid for Cadbury Plc after the British confectioner agreed a takeover by Kraft Foods earlier this week.

General Motors Co and Volkswagen are best positioned in the largest and fastest-growing emerging markets at a time when auto sales in those countries could grow over 40 percent by 2014, a study released on Thursday said.

Toyota Motor Corp said on Thursday it will recall millions more vehicles in the United States, its second massive recall in four months, this time to fix potentially faulty accelerator pedals.

American Airlines said on Friday that it will lay off up to 175 pilots, about 2 percent of its 7,800 pilots in the first half of the year.

GE sees 'solid growth' in 2011; shareholder payouts halved in 2009