Volkswagen AG is close to announcing plans to take a stake of up to 20 percent in Japan's Suzuki Motor Corp, three sources with direct knowledge of the negotiations said on Tuesday.
Dealmakers expect merger and acquisition activity to pick up in the first six months of 2010, with manufacturing, health care and financial services positioned to benefit most in the near term, according to a survey released on Tuesday.
Canadian uranium miner Cameco Corp has agreed to sell its stake in Asia-focused Centerra Gold for proceeds of C$872 million ($823 million), closing out an investment deal with Kyrgyzstan signed earlier this year.
Simon Property Group Inc, the largest U.S. mall owner, struck a deal to buy Prime Outlets Acquisition Co for more than $700 million, adding 22 outlet centers to its stable of high-end centers.
PepsiCo Inc lowered the top end of its revenue and earnings outlooks, as it steps up investments in projects aimed at increasing its growth and profitability amid falling North American soft drink sales.
Procter & Gamble Co is nearing the purchase of Sara Lee Corp's air care unit for about $700 million, CNBC said on Tuesday, citing a Wall Street Journal report.
Air France-KLM reported a 3.2 percent fall in passenger traffic for November but saw gradual improvement in unit revenues, while a more dynamic cargo sector underscored signs of a fragile economic recovery.
Drone-maker AeroVironment Inc posted better-than-expected quarterly profit, as revenue from contract services slightly offset the drop in product sales, and it backed its full-year forecast for revenue growth.
Texas Instruments Inc on Tuesday raised its fourth-quarter earnings target and said revenue would be at the high end of its forecast range, but its shares fell almost 2 percent as some investors had even higher expectations.
A new lineup of small cars slated for showrooms next year may create an oversupply of compact vehicles in the U.S. market at a time when gas prices remain stable, an industry forecasting firm said on Tuesday.
U.S. industry is freshening its attack on financial reform, pledging more cash to defeat a new consumer agency and raising concerns over a provision that could force secured creditors to shoulder losses.
The board of General Motors Co will get an update on the search for a new chief executive by next month as a recruiting firm compiles a short list of candidates, a person familiar with the process said.
U.S. chief executives' outlook on the economy improved in the fourth quarter, although most still are not ready to step up hiring or increase capital spending, according to a Business Roundtable survey released on Tuesday.
Simon Property Group Inc, the largest U.S. mall owner, said on Tuesday it agreed to buy Prime Outlets Acquisition Co for $700 million plus assumed debt, to add 22 outlet centers to its stable of high-end outlet centers.
The board of General Motors Co will get an update on the search for a new chief executive by next month as a recruiting firm compiles a short list of candidates, a person familiar with the process said.
FBR Capital Markets cut its rating on two apartment-focused real estate investment trusts, AvalonBay Communities Inc and Equity Residential, to market perform, citing declining rentals and negative net operating income that could stretch to 2010.
General Motors Co has been searching for a new chief financial officer and may have a replacement for CFO Ray Young within weeks, GM's Chairman and acting Chief Executive Ed Whitacre said on Tuesday.
Auto sales in Vietnam in November leapt 132 percent from a year earlier to 12,259 units after a jump of 103 percent in October, an industry report said on Tuesday.
H&R Block Inc , the largest U.S. tax preparer, posted a narrower-than-expected second-quarter loss, aided mainly by better results in Tax Services segment, but said it is looking to close 400 regular offices this year as part of a cost-cutting plan.
DTE Energy Co said it will start a $600 million environmental construction project in the first quarter of 2010 at its Monroe, Michigan power plant, creating 900 jobs.
Private equity firm Actis and Singapore oil services firm KS Energy on Tuesday announced plans for a joint venture that will distribute parts and equipment to oil companies in Asia and the Middle East
A possible break-up of TNT moved a step closer on Tuesday as activist funds, back on the hunt for opportunities, took a 5 percent stake in the Dutch mail and logistics group.
Canada's Garda World Security Corp said it received a three-year contract worth more than $100 million from the UK Foreign and Commonwealth Office to provide security services in Iraq.
U.S. Food and Drug Administration staff cited concerns on Tuesday with the design and analysis of clinical studies intended to support the effectiveness of Gilead Sciences Inc's experimental cystic fibrosis drug.
Celgene Corp investors
were struggling on Tuesday to sort through confusing results
from a key trial of the company's cancer drug Revlimid.
Helmerich & Payne Inc (HP.N), the second-largest land-drilling rig contractor by market value, raised its 2010 capital expenditure forecast by $40 million and said its active rig count continues to rise.
Canada's Freewest Resources (FWR.V), which is the target of a takeover battle between Cliffs Natural Resources (CLF.N) and Noront Resources (NOT.V), rejected Noront's sweetened bid, calling it inadequate.
Guinea's military junta leader, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.
Guinea's military junta chief, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.
U.S. copper futures slipped
more than 1 percent in early business on Tuesday, as global
credit concerns resurfaced and prompted investors to seek
safety in the dollar.
