Porsche SE is headed for a second consecutive annual loss in the billions of euros as the hangover lingers from a failed takeover of Volkswagen AG.
U.S. mortgage rates sank to or near record lows in the past week, home funding company Freddie Mac said, improving affordability in a battered U.S. housing market that is starting to gather steam.
Sales of newly built U.S. single-family homes in October rose more than expected to their highest level in a year, data showed on Wednesday, pointing to a stabilizing housing market after a three-year slump.
ING won shareholder approval for the breakup of the Dutch bank and insurance group and a 7.5 billion euro ($11.18 billion) rights issue on Wednesday, paving the way for it to pay back state support.
The Hershey Trust, the charitable trust that is the major shareholder of Hershey Co, has sought the approval of the Pennsylvania attorney general for a potential $17 billion bid for Cadbury Plc, according to the Wall Street Journal.
A Cadbury workers union held constructive talks with U.S. suitor Kraft Foods after the two sides met to discuss jobs, pensions and working conditions on Wednesday, a union official said.
British utility services group Telecom Plus posted a lower first-half profit on increased costs but said it was on target to report both strong revenue and dividend for the full year.
London Stock Exchange Chief Executive Xavier Rolet said the success of his strategy to counter intense competition from upstart rivals in UK cash equity trading should be clear within six to nine months.
Private equity investors are planning for the possibility Canada's economy will struggle to emerge from recession, even if it turns in a positive third-quarter performance, money managers said on Tuesday.
Singapore's CapitaMalls Asia shares debuted 8.5 percent higher as the city state's biggest public offering in 16 years raised $2.02 billion for parent CapitaLand Southeast Asia's biggest developer.
Sensata Technologies, a Dutch company owned by private equity firm Bain Capital, filed for an initial public offering of up to $500 million on Wednesday.
Australian nickel miner Minara Resources Ltd will submit a joint bid with a Chinese firm on Wednesday for BHP Billiton's Ravensthorpe nickel operation, a source familiar with the bid told Reuters.
Diedrich Coffee Inc said it determined Green Mountain Coffee Roasters Inc's enhanced offer is superior to Peet's Coffee & Tea Inc's bid.
Sweden's Ericsson and Austria's Kapsch CarrierCom AG will acquire certain wireless technology assets from Nortel Networks Corp, the bankrupt Canadian telecom equipment maker said on Wednesday.
China's Sinopec has signed a tentative deal to provide financing of $6.5 billion for oil refinery projects in Iran, two Iranian news agencies reported on Wednesday.
Volkswagen Chairman Ferdinand Piech does not intend to merge truckmakers MAN SE and Scania, the Sueddeutsche Zeitung newspaper reported without giving a source for the information.
First-half pretax profit at Johnson Matthey fell by a fifth and the world's largest supplier of catalytic converters warned on Wednesday that prospects for a recovery in global auto sales were uncertain.
SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.
The head of Faurecia SA said on Wednesday that bumper maker Plastal could be a good match for the French parts maker, adding that his company was looking to be a consolidating force in the auto parts industry.
Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' Saab unit.
A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.
The future of Sweden's Saab Automobile looks bleak after tiny luxury car maker Koenigsegg, backed by China's BAIC, pulled out of a deal to buy the loss-making firm from General Motors.
Calpers, the biggest U.S. public pension fund, is considering dumping asset manager BlackRock Inc as its real estate consultant, the Wall Street Journal said, citing people familiar with the matter.
Demand for U.S. home loans slipped last week even as mortgage rates hovered near record lows, the Mortgage Bankers Association said on Wednesday.
Tiffany & Co reported a larger-than-expected quarterly profit as the upscale jeweler contained costs and benefited from stronger sales in Asia and Europe, sending its shares up 7.5 percent.
Sales of new U.S. single-family houses likely climbed in October, but forecasts varied widely on the impact of the first-time homebuyer tax credit, a Reuters survey found.
Up to 134 million U.S. consumers may shop for holiday gifts this Thanksgiving weekend, although most will check the bargains before venturing out, according to a survey released on Tuesday.
A deal by General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.
Talison Lithium Ltd, one of the world's leading lithium producers, plans an initial public offering (IPO) on both the Australian Stock Exchange and the Toronto Stock Exchange, the company said late on Monday.
China Investment Corp (CIC), the country's sovereign wealth fund, has agreed to buy $400 million worth of shares from China Longyuan Power Group's $2.2 billion Hong Kong initial public offering, a source close to the deal said on Tuesday.
