Fiat SpA Chief Executive Sergio Marchionne on Wednesday delivered a long-awaited plan intended to turn around Chrysler over the next five years.
General Motors Co is confident that it can find the financing to keep and restructure its European Opel unit, Chief Executive Fritz Henderson said on Thursday.
Novatek, Russia's No.2 natural gas producer, has asked its shareholders to approve a 177.3 billion rouble ($6 billion) domestic gas supply deal with power trader Inter RAO.
CareFusion Corp, the medical device company spun off from Cardinal Health on Sept. 1, posted a higher-than-expected quarterly profit, driven by strong demand in ventilators for flu and emergency preparedness related to H1N1, or swine flu.
Online travel agency Orbitz Worldwide posted a quarterly profit, helped by lower expenses, on Thursday, but the results missed expectations and shares fell more than 9 percent in early trading.
TPG and the Canada Pension Plan on Thursday announced a deal to buy IMS Health Inc hich provides prescription drug sales data, for around $4 billion.
CNOOC Ltd has agreed to buy a minority stake in four prospects in the Gulf of Mexico from Norway's Statoil, opening crude oil reserves in the U.S. Gulf to China for the first time.
An ache has hit the belly of investors who feasted on initial public offerings in Asia, in a sign the primary equity window that saw a big revival two quarters ago is beginning to quickly shut.
German Chancellor Angela Merkel has agreed with U.S. President Barack Obama to coordinate on the future of Opel after General Motors'surprise decision to keep the unit, a German government spokesman said on Thursday.
Japan Airlines Corp, which is seeking a state bailout, said it would hold a briefing on changes to its route and flight frequency plans on Thursday at 2 a.m. EST.
Australian toll road operator Transurban Group rejected a $4.4 billion buyout approach from two Canadian pension funds on Thursday, but left the door open to a better offer, sending its shares up 20 percent.
Canada's Agrium Inc sweetened its hostile bid for U.S. rival CF Industries to $4.52 billion, the latest twist in a three-way takeover battle, but the offer failed to impress CF's investors and the company's shares fell 8.4 percent.
Wal-Mart Stores Inc is offering its top 10 pre-order DVD movie titles at just $10 and free home delivery on its entire assortment of DVD and Blu-ray titles in another move to win holiday sales.
Time Warner Cable Inc posted a third quarter profit that beat expectations, as growth in sales of voice and Internet services overshadowed a decline in basic video subscribers, the company said on Thursday.
The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.
The U.S. commercial real estate market, slammed by the credit squeeze and recession, is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants.
Thomson Reuters Corp's quarterly revenue fell but profit beat Wall Street estimates, helped by foreign currency rates and cost cuts, and the company affirmed its 2009 outlook.
Costco Wholesale Corp reported a 5 percent increase in October same-store sales, helped by a weak U.S. dollar that helped push up international sales.
Toyota Motor Corp reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
General Motors' Europe head Carl-Peter Forster expects massive cuts at Opel after GM decided to hold on to the European carmaker, he was quoted saying in a German newspaper.
Kraft Foods Inc, which has secured a $9 billion bridge loan backing an expected bid for UK confectioner Cadbury, has been contacted by more banks keen to join the deal, senior bankers said on Wednesday.
Upscale grocer Whole Foods Market Inc posted higher profit as sales stabilized and officially turned the corner but shares fell 8.7 percent after its fiscal 2010 profit outlook missed analysts' views.
Kraft Foods Inc faces a tougher task winning over Cadbury Plc shareholders after disappointing results reinforced the view that it will formalize its existing offer for the British chocolatier next week rather than present a higher bid.
General Motors Co directors narrowly opted to retain Opel instead of selling the European unit to a group led by Canada's Magna International because they believed losing it could have left a significant gap in its operations, a senior GM executive said.
Chrysler is making an operating profit and building cash, the No. 3 U.S. automaker's boss told reporters and industry executives on Wednesday as he unveiled a five-year plan to turn the company around.
The mood in the global automotive industry has shifted to cautious optimism, marked by the unveiling on Wednesday of Chrysler's turnaround plan and General Motors' plan to keep its Opel unit.
There's a simple way to get Americans to drive fuel-efficient cars, according to auto executives, but they are not going to like it -- sharply hike the gas tax.
Christopher O'Neill is worried about the deficit. The deficit, that is, in his personal income after the 26-year-old Miami finance analyst was forced to find a temporary job paying $20,000 a year less than he earned until January when he was laid off from his auditor's post in Miami.
General Motors' decision to keep its European unit Opel is embarrassing for German Chancellor Angela Merkel, who had lobbied for a sale, but the U.S. group's U-turn deals no lasting blow to her new government.
Home equity lenders faced with losses from the U.S. property slump are holding out for more money in distressed sales, slowing transactions needed to support a recovery, real estate agents and analysts say.
