General Motors Co posted a quarterly loss on Monday but said stabilizing sales since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month.
U.S. retail sales rebounded in October as vehicle purchases rose even without support from government incentives, a Reuters survey predicted, which could allay some fears over the strength of the economy's recovery.
Previous German pledges to provide state aid to carmaker Opel no longer apply now that General Motors has said it can restructure its European arm alone, German Economy Minister Rainer Bruederle said.
The International Chamber of Commerce (ICC) has ruled in favor of Hyundai companies seeking to buy a stake in an affiliated refiner, worth about 2.6 trillion won ($2.25 billion), from International Petroleum Investment Co (IPIC), a Hyundai firm said.
General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.
Struggling Finnish national carrier Finnair said on Monday it expected its operating losses this year to amount to around 200 million euros ($299.2 million).
China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month.
Samsung Life, South Korea's largest life insurer, said it was aiming to go public in the first half of next year and planning to pick lead managers in December.
Brazilian meatpacker JBS, the world's largest beef processor, plans to announce the terms of a $2.5 billion private placement of debt in 30 days, the company's chief executive Joesley Batista said on Monday.
Motorola Inc on Monday said that it would buy privately held BitBand, an Israel-based video-on-demand technology provider, to expand its home video business.
Tenants in a vast New York City apartment complex and owner Tishman Speyer on Friday said they had opened talks to settle a rent clash, one day before a planned rally against the landlord.
Britain's largest wine warehouse chain Majestic Wine said it would get a boost from First Quench Retailing's fall into administration as it posted a 9 percent rise in first-half profit and robust current trading.
Lowe's Cos Inc, the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit as consumers put off big renovations as the U.S. housing market remains sluggish, sending shares down 2.1 percent in premarket trading.
Swedish fashion retailer Hennes & Mauritz (HMb.ST) posted an unexpected 3 percent drop at established stores in October, blaming weak sales in some of its major markets on the global downturn and knocking its shares.
French dairy group Danone said on Monday it will launch a public offer to buy some of its bonds, in a move to simplify its debt structure and lower its cost.
Home sales will increase 15 percent to about 5.7 million units and REALTOR® income will be up 20 percent in 2010, NAR Chief Economist Lawrence Yun told a packed room of REALTORS® today in a residential economic update at the 2009 NAR Conference & Expo.
Belgian holding company Ackermans & van Haaren said on Monday that its third-quarter turnover and operational cash flow was in line with expectations, boosted by full fleet usage in its dredging business.
British Airways faces a strike ballot among cabin crew over proposed changes to working practices, just days after it announced a merger deal with Spanish carrier Iberia.
Boeing is set to enter a strategic pact with Mubadala, the Abu Dhabi government-owned investment firm, a senior Boeing executive said on Monday.
Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent decline in quarterly profit as consumers put off big renovations and a U.S. housing market recovery takes longer to materialize.
Sparring Over Exchange Rates; Exxon's Poise; Sony's Dark Forecast
Japan's Sony Corp has seen no sign of a recovery in the consumer electronics market, Chief Executive Howard Stringer said in an interview published on Sunday.
Dubai Aerospace Enterprise said on Sunday it has reached a $340 million agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney , for A320 Airbus aircraft engines.
Spanish oil group Repsol expects to invest $12 billion in oil exploration activities in Brazil in the next 10 years, including in newly discovered subsalt areas, its president said on Saturday.
Japan's Honda Motor Co will halt output of motorcycles in Spain at the end of March reflecting steep downturn in Europe, with bike output in Europe to move to Italy, the Nikkei business daily said on Sunday.
General Electric Co and Aviation Industry Corp, a Chinese state-owned aircraft maker, agreed on Sunday to form an avionics joint venture that will have China's booming commercial aircraft market as one of its main targets.
UC RUSAL, the world's largest aluminum producer, is close to a deal to restructure $7.4 billion in debt to foreign banks which is crucial for the Russian firm's planned $2 billion IPO in December, a newspaper reported.
Asia Pacific leaders struggled to agree a final statement on Sunday as Washington and Beijing debated the wording on market-oriented exchange rates and trade protectionism, an APEC delegation official said.
Swiss bank UBS may hand over only a small amount of bank data as part of a U.S. settlement because the Internal Revenue Service has succeeded in cracking down on tax evaders, a radio station reported.
