Clearwire Corp said on Tuesday that it would raise $1.564 billion from its current investors to help fund a high-speed wireless network it is building.
German Chancellor Merkel urged General Motors to quickly present a restructuring plan for its European unit Opel and said the U.S. automaker should not count on governments to shoulder most of the overhaul costs.
The state parent of Chongqing Changan Automobile Co has agreed to take over major auto assets from aircraft maker Aviation Industry Corp of China, heeding Beijing's calls to speed up restructuring in the fragmented auto industry.
Renault, Nissan Motor Co and their Indian partner will launch an ultra low-cost car in India in 2012 that will cost less than Tata Motor's Nano, the world's cheapest car.
Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
Daimler AG's Mercedes-Benz premium auto division expects year-on-year U.S. sales growth in the next few months and the potential to increase its U.S. market share next year, U.S. Chief Executive Ernst Lieb said on Monday.
American International Group Inc has made tangible progress on its restructuring plan and will likely be able to repay the government's loan and much of its preferred equity stake, Moody's Investors Service said on Monday.
A government task force working on a revival plan for Japan Airlines Corp is considering using a debt restructuring mediation scheme to help ease the airline's financing woes, two sources familiar with the matter said.
InterContinental Hotels, the world's biggest hotelier, said it was too early to forecast a recovery as trading conditions remained challenging after posting a 19 percent fall in third-quarter operating profit.
The Swiss government has commissioned two independent experts to investigate the failings of financial regulation during the recent crisis, it said on Tuesday.
Junior bondholders are readying a lawsuit to challenge a restructuring deal for Greek mobile operator Wind Hellas that wipes out their investment, sources familiar with the process said.
Bristol-Myers Squibb Co said on Tuesday it agreed to pay $85 million for the rights to an experimental rheumatoid arthritis drug being developed by privately held biotechnolgy company Alder Biopharmaceuticals Inc.
Sri Lanka's shares hit a two month low on Tuesday, as investor appetite declined due to economic woes and protests ahead of polls, while the central bank's cautious flexibility drove the rupee to a six-month high.
Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
JPMorgan Chase & Co is raising lending to small businesses by $4 billion this year and hiring more than 300 new bankers to cater to these businesses.
General Electric Co confirmed on Monday it had submitted a binding offer for French state-owned nuclear group Areva SA's electricity transmission and distribution business.
JPMorgan Chase & Co is lifting a salary freeze it put in place last year, according to an internal memo from human resources director John Donnelly.
Breakwater Resources has reached a tentative deal with unionized workers at its Myra Falls mine in British Columbia, averting a strike at the operation, the two sides said on Monday.
Health Biz Sees Senate Relief; Stocks Jump on Cheap Money; Kraft's Hostile Bid
Shares of Sunrise Senior Living Inc tumbled after the operator of managed-care facilities reported a third-quarter loss and said it was in restructuring talks with lenders.
A top shareholder in Cadbury said investors in the British confectionery firm would find it hard to turn down an offer of more than 8 pounds a share from U.S. suitor Kraft.
Kraft Foods chief executive Irene Rosenfeld is playing hardball with her $16.4 billion hostile offer for Cadbury, triggering a bid battle that could stretch for up to three months.
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Kraft Foods Incsaid on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.
Shares of Revlon Inc jumped 35 percent to a new year-high on Monday, after the cosmetics maker said its consumer products unit received lender consents to amend its bank term-loan and revolver credit agreements to refinance its long-term debt .
Health insurers, drugmakers and other companies expect U.S. Senate lawmakers to soften the blow from health reform legislation narrowly passed by the House of Representatives that calls for a greater government role in the industry.
Ball Corp said on Monday that it would buy out the remaining stake in a Chinese beverage can plant for $90 million in cash and debt.
Dish Network Corp, the No. 2 U.S. satellite TV provider, beat Wall Street forecasts by posting a gain of 241,000 subscribers in the third quarter and surprised investors with a plan to pay shareholders a special dividend of $2 a share.
General Motors Co said on Monday that it would invest C$90 million ($85.1 million) to expand a joint venture plant in Canada where it builds the Chevrolet Equinox and GMC Terrain crossovers.
Electronic Arts Inc has acquired privately held Playfish for $275 million in cash plus other considerations, as the maker of the Madden NFL series extends into the growing social gaming sector.
