Germany's new government will take a fresh look at the planned sale of carmaker Opel to Canada's Magna and may consider dropping its support for the deal, a member of the trust overseeing Opel said.
Billionaire investor Carl Icahn on Tuesday offered CIT Group's small bondholders protection of the value of their debt if these investors support his effort to block the lender's reorganization plan.
The bankrupt shell of carmaker General Motors Co is making its first major asset sale, selling a Delaware manufacturing plant to Fisker Automotive, which will make plug-in hybrid electric cars beginning in 2012.
SL Green Realty Corp, a New York office owner and commercial real estate lender, said on Tuesday it expected to play a role in the restructuring of the debt on two huge Manhattan apartment complexes teetering on the edge of default.
The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in bubble territory, an economist known for his property market expertise said on Tuesday.
Ford Motor Co has made the most progress in improving vehicle quality among major automakers, while Chrysler ranks at the bottom of the industry for reliability, according to an annual Consumer Reports survey released on Tuesday.
High unemployment has had some impact on the breakfast business at McDonald's Corp as fewer people pick up food on the way to work, Chief Executive Jim Skinner said on Tuesday.
Johnson Controls Inc's quarterly profit surged on cost cuts and improving auto production, but the company stood by a 2010 forecast that trails Wall Street expectations, sending its shares down nearly 5 percent.
Vitamin Shoppe Inc and Addus HomeCare Corp are expected to price their initial public offerings on Tuesday after the bell, seeking to break what has been a streak of disappointing IPOs by companies owned by private equity.
U.S. manufacturers of business jets, farm machinery and trucks reported earnings on Tuesday that provided fresh hope the economy may be stabilizing as once-crippled credit markets start to mend.
U.S. steelmakers reported better-than-expected third-quarter results on Tuesday but they restated their gloomy short-term views for the industry and the economy and their shares fell.
Troubled lender Amcore Financial Inc posted a seventh straight quarterly loss, hurt by higher provisions, and said it was significantly undercapitalized, sending its shares down 42 percent.
Japan's Honda Motor Co exuded optimism while Germany's Daimler AG spread gloom about the outlook for car markets on Tuesday, highlighting the patchy nature of any post-crisis rebound.
Algerian state-owned telecoms firm Algerie Telecom will spend $6 billion to upgrade its fixed-line and mobile operations over the next five years, the firm's deputy chief executive told Reuters on Tuesday.
Hospital products and generic drugmaker Hospira Inc on Tuesday said quarterly net earnings rose 42 percent, fueled by a new product launch, and it raised its full-year profit forecast.
DineEquity Inc, parent of the IHOP and Applebee's restaurants, posted a higher-than-expected quarterly profit, helped by lower borrowing costs and falling food prices.
Automotive chassis maker Spartan Motors Inc posted a quarterly profit in line with expectations as revenue fell 62 percent.
Bank of New York Mellon Corp sees more acquisition opportunities in Europe than in Asia, the head of the world's largest custodian of financial assets said on Tuesday.
Japanese banks Sumitomo Trust and Chuo Mitsui Trust Holdings are in merger talks, two sources familiar with the matter said on Tuesday, bringing together two struggling trust banks to better compete in Japan's lucrative asset management industry.
Shares in Dutch bancassurer ING Group NV fell for a second day on Tuesday, as analysts said a pending 7.5 billion euro rights issue was likely to result in a 50 percent dilution for current shareholders.
U.S. soft drinks maker PepsiCo Inc won European Union regulatory approval on Tuesday to buy bottlers Pepsi Bottling Group Inc and PepsiAmericas Inc, deals that will help it cut costs and boost profits.
Japan's Honda Motor Co exuded optimism while Germany's Daimler AG spread gloom about the outlook for car markets on Tuesday, highlighting the patchy nature of any post-crisis rebound.
Renault's falling sales in India and Russia and tension with its partners underline the risks of car sector tie-ups and suggest that the infusion of technology, rather than cash, is the solution.
U.S. Steel Corp , which has been operating at less than half capacity since the economic downturn last year, posted its third consecutive quarterly loss on Tuesday on weak demand.
Continental Airlines Inc, the world's fifth-largest airline, joined the Star Alliance on Tuesday, becoming one of the top dogs in this network of 25 global carriers.
NBC Universal could be floated on the stock market if France's Vivendi decides to sell its 20 percent stake in the group majority-owned by General Electric Vivendi's chief executive said.
Sun Valley, a sun-baked and struggling corner of Los Angeles, is fertile ground for mortgage rescue scams with its high proportion of subprime borrowers, Spanish speakers and a sharp drop in home values.
Senior UBS AG executive Mark Branson will head Swiss regulator FINMA's banking unit, the Swiss watchdog said on Tuesday, in a move likely to reignite debate over close ties between regulators and large banks.
As Los Angeles housing advocates launched a campaign warning of mortgage rescue scams, a couple hit by foreclosure are charged with torturing two loan-modification agents they suspected of fraud, authorities said on Monday.
Honda Motor surprised investors with a near tripling of its annual profit forecasts, bumping it further ahead of Japanese rivals thanks to a dominant motorcycle business and line-up heavy in small cars.
