With the clock ticking toward a December 31 deadline, Boeing Co executives on Friday said the company is on schedule for the first test flight of its long-delayed and highly anticipated 787 Dreamliner.
Sales of existing U.S. homes likely rose for second consecutive month in October, reaching their highest level since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
Cadbury Plc suitors Ferrero and Hershey Co have weighed breaking the UK confectioner up into separate businesses as part of a friendly, all-cash bid, a source familiar with the situation said on Friday.
Chrysler Group LLC on Friday launched a year-end sale for nearly all of its 2010 model year vehicles with zero percent financing or up to $4,000 cash to draw customers during the typically slower winter months.
Fiat SpA may have to close factories in Italy, given sharp falls in auto sales which have changed the sector dramatically, Chief Executive Sergio Marchionne said on Friday.
Nomura Asset Management said on Friday it will suspend new subscriptions of a popular U.S. REIT investment trust fund as heavy inflows from retail investors boosted its size beyond the appropriate level to manage the fund.
Malaysia has awarded a commercial bank license to Industrial and Commercial Bank of China, the country's biggest bank, Malaysia's central bank said on Friday.
Ford Motor Co, the No. 2 U.S.-based automaker, plans to invest 2.8 billion reais ($1.61 billion) in Brazil to boost output at two plants by 20 percent, a top company executive said on Friday.
A Florida jury on Thursday ordered cigarette maker Philip Morris USA to pay $300 million in damages to a 61-year-old ex-smoker named Cindy Naugle who is wheelchair-bound by emphysema.
Shares of Chinese discount hotel chain 7 Days Group Holdings Ltd jumped as much as 28.6 percent in their New York Stock Exchange debut on Friday.
Private equity-backed Archipelago Learning Inc's shares rose in their first trading session following the company's initial public offering, which priced in line with expectations on Thursday.
Global Defense Technology & Systems Inc shares hovered near their initial public offering price on Friday in their first session on Nasdaq after the company's IPO priced below expectations.
Despite the worst U.S. recession in decades, sales of organic and sustainable products have continued to grow, experts say, with shoppers willing to spend a few more dollars in a bid to become more green.
J.M. Smucker Co , best known for its peanut butter and jelly, posted higher-than-expected quarterly results, driven by strong margins at its Folgers coffee business, and raised its full-year profit outlook, sending its shares up 5 percent.
Hungary's K&H Bank, the local unit of Belgium's KBC Group, said risk provisions rose and lending dropped sharply in the first three quarters, eroding net profit.
Met-Pro Corp posted third-quarter results that missed market estimates, but said new orders were up sequentially.
Deutsche Telekom is keeping its options open for its U.S. business and is not close to making a decision on the unit's mid-tem future, two people familiar with the matter said on Friday.
Europe's biggest carmaker, Volkswagen, will almost double exports from its South African plant in 2010 under a 27 billion rand ($3.59 billion) global contract for right-hand drive models of its new Polo.
Heavily-indebted Russian carmaker AvtoVAZ appointed Sergei Kogonin, head of truckmaker Kamaz, to its board of directors, increasing the prospect for the creation of a state-controlled autos giant.
Ford Motor Co plans to invest 2 billion reais ($1.15 billion) in Brazil through 2015, most of it on a plant in the northeastern Bahia state, to expand production and benefit from expected growth in Latin America's largest economy, the state governor said on BandNews radio on Friday.
South Africa's existing automobile industry programme and its replacement scheme is expected to cut the trade deficit and contribute billions of dollars to gross domestic product by 2020, a government minister said on Friday.
The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the NATIONAL ASSOCIATION OF REALTORS®.
Procter & Gamble Co does not see acquisitions as a core part of its growth plan and has started to buy back shares again, Chief Financial Officer Jon Moeller said on Friday.
D.R. Horton Inc , the No. 2 U.S. homebuilder, reported a narrower fourth-quarter loss, mainly helped by lower charges.
Cadbury suitors Ferrero and Hershey would likely break the UK confectioner up into separate businesses if a mooted bid for the company succeeds, an Italian newspaper reported.
Italian chocolate maker Ferrero could be interested in Cadbury's gum and candy division, a unit worth about 5 billion euros ($7.4 billion), in a possible joint takeover bid, business daily Il Sole 24 Ore said on Friday.
If AOL's announcement on Thursday of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over.
In a company town where the street lamps are shaped like chocolate Kisses and orphans are cared for with corporate largesse, the prospect that America's biggest chocolate maker may merge with a foreign entity has unnerved some people.
U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
Volkswagen, Europe's biggest carmaker, raised hopes the 90,000 workers in its high-wage western German plants could extend their job guarantees a further three years until 2014, a senior executive told Reuters.
