Result Page 634 for Latest Companies News & Archive

BMO profit up 16 pct, to buy Diners Club business

Bank of Montreal reported a higher-than-expected quarterly profit on Tuesday and said it was buying the Diners Club North America credit card business to double its corporate card portfolio.

MKS Q2 profit rises 19 pct, appoints new CEO

Canada's MKS Inc's second-quarter profit rose 19 percent, helped by higher maintenance revenue, and the software and services provider appointed a new chief executive.

DSW Q3 profit tops Street; raises full-year outlook

Shoe retailer DSW Inc doubled its quarterly profit that beat estimates, as its discounted boots appealed to bargain-hungry consumers looking to equip themselves for the cold weather, and it raised its full-year outlook for the second time in a little more than a month.

Shire asks EU for Gaucher drug approval

Britain's Shire has asked the EU to officially allow people to take its new Gaucher disease drug, it said on Tuesday, providing hope to sufferers of the disease as supplies of a rival drug start to run out.

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Mr.China Perkowski's auto components firm up for sale

Asimco Technologies, an automotive components maker founded by Wall Street veteran Jack Perkowski in Beijing 15 years ago, is up for sale in a deal that could fetch over $200 million, people involved in the potential deal said on Tuesday.

GM pays back Germany, signals fewer job cuts

General Motors has paid back a loan from Germany and slightly lowered its target for job cuts at struggling European unit Opel.

57 mln U.S. consumers ready to shop this weekend

Up to 134 million U.S. consumers could venture out to shop for holiday gifts this weekend, although many are testing the waters for bargains before they commit, according to a new report.

Toyota gets 14,000 pre-sale orders for SAI hybrid

Toyota Motor Corp said on Tuesday it had received about 14,000 orders for the new SAI hybrid sedan to go on sale in Japan on December 7, or roughly five times its monthly sales target of 3,000 units.

Thai Eastern Water sees 2009 net profit up 40 pct

Thailand's Eastern Water Resources said on Tuesday it expected its net profit to rise 40 percent in 2009, better than analysts' forecasts, thanks to lower costs and a price increase.

Philippines' EDC sells $255 mln in bonds

Philippine power producer Energy Development Corp said on Tuesday it has raised 12 billion pesos ($255 million) from the sale of fixed rate bonds to refinance maturing debt.

Hamworthy H1 profit falls; raises interim dividend

Marine engineering group Hamworthy Plc posted a 21 percent decline in first-half pretax profit, but raised its interim dividend by 5 percent and said it was confident of meeting full-year targets.

Manila says may cancel Intex's $2.4 bln nickel project

The Philippines may cancel a mining permit for a $2.4-billion nickel project by Norway's Intex Resources ASA if a probe shows local communities were not consulted about it, a top official said on Tuesday.

China Eastern to complete Shanghai Air buy by end '09

China Eastern Airlines, the country's third-most valuable airline, said on Tuesday it would complete its acquisition of Shanghai Airlines by the end of the year.

Playboy to outsource magazine ops to American Media

Playboy Enterprises Inc will outsource all its publishing operations except for editorial to American Media Inc in a bid to cut costs and return its namesake magazine to profitability in two years.

Opel labor to see revamp plan on Wednesday

General Motors will present labor leaders at European arm Opel a reorganization plan on Wednesday that envisions cutting nearly a fifth of the workforce, GM's acting European head said.

Heinz profit falls, raises full-year view

H.J. Heinz Co posted a lower quarterly profit on Tuesday, hurt by sales declines in North America and Europe, but said it is optimistic about its sales momentum heading into the second half of its fiscal year and raised its full-year profit forecast.

Playboy to outsource most magazine ops: report

Playboy Enterprises Inc will outsource most of the business operations of its namesake magazine in an effort to curb losses, the Wall Street Journal said on Tuesday.

Dollar ticks up, Asia shares slip as risk shunned

The dollar recouped some of its overnight losses on Tuesday, while Asian shares slipped as investors shrugged off upbeat U.S. home sale data and took light profits on recent rallies.

UPDATE - Hitachi may sign UK high-speed rail project - Nikkei

Hitachi Ltd is expected to sign a high-speed railway project deal in the UK worth more than 500 billion yen ($5.62 billion), as the electronics conglomerate stepped up its efforts to exploit overseas markets, the Nikkei business daily reported.

Pfizer told to pay $28 mln damages in Prempro case

A Philadelphia jury on Monday ordered Pfizer Inc (PFE.N) to pay $28 million in punitive damages to a breast cancer survivor who had used the company's hormone replacement drugs for 11 years.

US commercial property pop mulled as trough nears

U.S. commercial properties getting clobbered today are likely to hit bottom in 2010 then claw back a third or more of their lost valuations over three years, according to a report by Maximus Advisors.

Ferreros united in viewing Cadbury options -source

Italy's Ferrero family is united in its decision to look at options for British confectioner Cadbury, a source close to the family told Reuters, after newspapers reported a potentially deal-breaking division.

Unions reject TNT deal to prevent massive job cuts

The risk of strike action at Dutch mail company TNT NV grew on Monday after members of its two largest unions rejected proposals that included a pay cut of up to 3.5 percent to prevent massive job cuts.

Hitachi may sign UK high-speed rail project - Nikkei

World's Largest Earthquake-Safe Building

The world's largest seismically isolated building, the new international terminal at Istanbul's Sabiha Gökçen Airport, is now complete and open for business.

GM to present plan to fix Opel this week

General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.

AUTOSHOW-SAIC to make M6 in UK, upbeat on ownbrand car

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.

AUTOSHOW-China's SAIC lifts own-brand sales target

SAIC Motor Corp, China's biggest carmaker, expects to sell about 90,000 of its own-brand vehicles this year, nearly double the original target, its president said on Monday.

Toyota sees China 2010 sales growth slowing

Toyota Motor said it expects its China sales growth to slow next year, after strong gains in 2009 fueled by government incentives aimed at boosting the national auto sector during the global downturn.

Opel workers to discuss restructuring plan on Weds

Union representatives hope the future of Opel's 50,000 workers in Europe will become clearer when they meet on Wednesday with General Motors' interim regional chief Nick Reilly to discuss restructuring plans.

AUTOSHOW-Automakers see slower but robust China growth in 2010

Car makers from General Motors to Toyota Motor expect China to keep providing much-needed relief from feeble car sales elsewhere next year, even as local brands raise their game to grab a bigger slice of their home market.

GM sees China sales growth slowing in 2010

General Motors expects its China sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market, the head of the company's China operations said on Monday.

Volkswagen to triple south China sales by 2018

China - Europe's biggest carmaker, Volkswagen plans to more than triple its sales in south China by 2018 as a main driver for its strategy to double sales to 2 million units in the country by that time, its China chief said on Sunday.

Senators seek answers on auto dealer closures

Nearly two dozen members of the U.S. Senate sought answers on Friday from General Motors and Chrysler on efforts to resolve complaints from dealers who lost business with the car companies.

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