GM IPO talk now dumbest thing in world: York
Talk of an initial public offering for General Motors Co by the second half of next year is so premature as to border on the ludicrous, a former director of the largest U.S. automaker said on Monday.
Maldives says carbon neutral goal ahead of schedule
The Maldives could achieve its aim of becoming carbon neutral well before its 2020 target, the Indian Ocean island nation's president said Monday.
U.S. Manufacturing Expands in October for Third Consecutive Month
U.S. Manufacturing activity expanded in October for the third consecutive month, while the overall economy grew for the sixth consecutive month, according to a survey from the Institute of Supply Management.
Human Genome-Glaxo lupus drug works in 2nd trial
Human Genome Sciences Inc said its experimental lupus drug Benlysta was successful in a late-stage clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.
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Seattle's Most Expensive Home $25 Million
The most expensive home in Seattle is currently listed at $25M and what a magnificent home it is. Located on the northern tip of Mercer Island, it has a nice view of the upper half of Lake Washington and the Olympic Mountains. MLS #28184022, let's start with the basics:
GMO approvals won't unblock EU soybean imports-trade
EU soybean and soymeal imports are unlikely to return to normal levels despite the EU's decision on Friday to authorise three maize types containing genetically-modified organisms (GMOs), industry associations said on Monday.
Valeant Q3 beats estimates, raises '09 profit view
Valeant Pharmaceuticals International posted a better-than-expected quarterly profit, helped by higher revenue from its specialty pharmaceutical segment, and raised its 2009 earnings view.
Quicksilver sees 20 pct rise in FY10 production
Independent oil and natural gas company Quicksilver Resources Inc said it expects average daily production in 2010 to grow at least 20 percent over the projected 2009 level.
Shanda says its revenue growth to outpace industry
Shanda Games Ltd, China's top videogame company, said its revenue growth over the next five years would average 18.4 percent annually and continue to outpace the industry.
CMHC upwardly revises 2010 housing starts forecast
Stronger demand and economic conditions are expected to boost housing starts in 2010, Canada Mortgage and Housing Corp said in an upwardly revised forecast for new home construction on Monday.
Magna wants Demel to head Opel-magazine
Canadian auto parts maker Magna wants Herbert Demel, the head of its Austrian car development and assembly plant, to become head of Opel, a German magazine said, citing sources.
Hong Kong doesn't want huge property bubble -Tsang
Hong Kong's move to tighten regulations on mortgage lending last month showed the government wants to avoid a big property bubble, Hong Kong Chief Executive Donald Tsang said on Monday.
RBS faces more forced sales in UK bank shake-up
A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said for the first time on Monday, ahead of a radical shake-up of the UK banking sector.
Cisco's bid for Tandberg fair, says consultant
A consultant's report commissioned by Tandberg said on Monday Cisco's $3 billion takeover bid for the Norwegian video conferencing equipment maker was fair.
Temasek eyes AXA China stake, valued at $1.05 billion
Singapore's state investor Temasek, Blackstone Group and KKR are among the firms expected to submit bids soon for AXA's stake in China's No.4 life insurer Taikang, sources said, an investment AXA values at $1.05 billion.
Oil company Denbury to buy Encore for $3.2 billion
Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies.
HSBC plans big China boost in run-up to planned IPO
HSBC Holdings is preparing to boost its China presence about 20 percent next year, as it ramps up for an IPO in one of its fastest growing markets, a top company executive said.
Ford posts profit, sees solid profit in '11
Ford Motor Co surprised Wall Street with a quarterly profit on Monday supported by cost cuts, improved credit results, and increased market share.
Silicon Valley's TeleNav seeks $75 mln in IPO
TeleNav Inc, a Silicon Valley-based provider of voice-guided navigation services for mobile phones, filed plans with U.S. regulators on Friday to raise as much as $75 million in an initial public offering.
Banco Brasil wants $5.7 bln US share sale -paper
Banco do Brasil, Brazil's biggest bank, wants to fetch up to 10 billion reais ($5.7 billion) in a share offering in the United States to replenish its capital base, newspaper O Estado de S. Paulo reported on Saturday, citing unnamed sources.
Union withdraws bid to represent some Delta workers
The International Association of Machinists and Aerospace Workers said on Friday that it withdrew its application to hold a representation election for fleet service workers at Delta Air Lines Inc, a move the U.S. carrier called repugnant.
Buffett's Berkshire lowers stake in Moody by 2.9 pct
Investor Warren Buffett's Berkshire Hathaway Inc sold 2.9 percent of its holdings in debt ratings agency Moody's Corp this week, raising $28.7 million in the transaction, according to a regulatory filing on Friday.
Permira among final bidders for Bellsystem24: sources
Permira, Bain Capital and a team of CVC Capital and Blackstone have made offers in the final round of bidding for Citigroup Inc's Japanese telemarketer Bellsystem24, seven people with direct knowledge of the deal said.
Canadian Royalties deal seen unlikely for China's Jilin
China's No. 2 nickel producer Jilin Jien's ambition to expand its Canadian footprint, is facing its biggest hurdle as investors look set to reject its final bid for early-stage miner Canadian Royalties.
KKR's Dollar General sets terms for $750 million IPO
Kohlberg Kravis Roberts & Co's discount retailer Dollar General Corp set the terms of its initial public offering on Friday, in a sign that the $750 million offering could price by mid-November.
AIG says won't sell two Japan units Edison and Star
American International Group Inc said on Friday it was no longer looking to sell two of its Japanese units, the latest sign that its new chief executive may be taking a slower approach to restructuring.
China's Geely confident on Volvo bid: chairman
China's Geely is confident its bid for Ford Motor's Volvo car unit will be successful, chairman Li Shufu said on Friday, as it seeks to lead China's automakers onto the global stage.
Panasonic to launch Sanyo tender offer Thursday: Nikkei
Panasonic Corp will launch its tender offer for shares of smaller rival Sanyo Electric Co as early as Thursday, the Nikkei newspaper said, after the deal won approval from Chinese regulators.
Time Warner to take $100 million charge on Time cuts: sources
Time Warner Inc is set to take a restructuring charge of around $100 million for planned job cuts at its Time Inc publishing unit, according to people familiar with matter.
Ford seen narrowing loss, focus on cash burn
Ford Motor Co is expected to post a narrower quarterly loss with support from the U.S. government cash for clunkers program, but the focus will be on the outlook for the U.S. economy and auto industry sales.
Latin to lose its domain over Internet addresses
The body in charge of assigning the world's Internet users their online addresses on Friday said it had agreed to allow the use of any of the world's scripts, no longer just the Latin alphabet.
U.S. mortgage rates hold just above 5 pct -Freddie
U.S. mortgage rates held steady just above 5 percent in the latest week after mixed signals on the health of the housing market, Freddie Mac said on Thursday.
US home buyer credit spurred 400,000 sales -report
The government's first-time homebuyer tax credit has spurred a significant amount of sales this year and its positive impact on the hard-hit housing market warrants an extension, an economist known for her property market expertise said on Thursday.
Fourth-quarter U.S. profits estimates on the rise
A year that started in gloom and doom could end in cheers for U.S. corporate profits and leave the stock market positioned for a strong start to 2010.
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