Greece's Forthnet has offered to buy Wind Hellas in a deal that could value the indebted Greek mobile phone group at about 2 billion euros ($2.91 billion), opening the prospect of a bidding war.
A shareholder of Cadbury is suing the British confectioner's board and chief executive, saying investors stand to lose out massively if the company refuses to negotiate over a $15.68 billion takeover bid from Kraft Foods Inc.
Kohlberg Kravis Roberts & Co is on the verge of catching up with private equity arch-rival Blackstone in having a share listing, more than two years after initially seeking to go public.
The chief executive of Motors Liquidation Co (MTLQQ.PK), the old shell of General Motors that remains in bankruptcy court, is hoping that the company will get court approval for a plan of liquidation by the middle of next year, he said on Thursday.
Ford Motor Co of Canada (F.N) bucked the trend in September, posting comfortably higher auto sales as the broader Canadian industry continued to slide.
Germany's new car market grew by 21 percent in September and orders fell a less-than-feared 12 percent even as a scrappage scheme for old autos ran out of money, the VDA vehicle manufacturers association said on Friday.
The wall-crawling superheroes and caped vigilantes of Marvel Comics will soon overrun the streets and take to the skies in the more sedate precincts of the Magic Kingdom. That might not be a bad thing for comic books.
Wal-Mart Stores Inc, the world's biggest retailer, sees a slow recovery from challenging U.S. business conditions, while its Asia operations are a little better, its Chairman Rob Walton said on Friday.
Walgreen Co , the largest U.S. drugstore chain, said September sales at its stores open at least a year jumped 5.3 percent, aided by in-store flu vaccinations and shoppers filling more 90-day prescriptions.
A fall of more than 10 percent in the average apartment price in Manhattan in the third quarter from a year earlier attracted buyers who pushed up the number of sales by over 45 percent in just one quarter, industry reports showed Friday.
An avalanche of large U.S. businesses will need to be restructured over the next 12 to18 months, said Rob McMahon, head of General Electric Corp's Restructuring Finance Group.
A pact to cooperate on schedules and prices between British Airways , American Airlines and Iberia may have violated EU antitrust rules, European Union antitrust regulators said on Friday.
California utility Pacific Gas and Electric said on Thursday that it has signed power agreements for more than 2,000 megawatts, boosting its use of energy from solar resources and natural gas.
The global auto industry would have collapsed if the U.S. government had not provided taxpayer-backed financing for automakers General Motors and Chrysler, according to the chief executive officer of Motors Liquidation Co (MTLQQ.PK).
Daimler AG (DAIGn.DE) moved on Thursday to boost its presence in the Russian market by signing a letter of intent to create a truck and bus joint venture with local partner Kamaz (KMAZ.MM).
Chrysler Group LLC still plans to shutter eight North American plants according to its initial schedule, Chief Executive Sergio Marchionne said on Thursday, as he dismissed recent reports that a Detroit-area plant would get a reprieve.
France will invest 2.5 billion euros ($3.6 billion) over 10 years in research, subsidies and infrastructure development for electric cars as automakers race to get the vehicles on the road, its energy minister said.
Sales in Japan of new cars, trucks and buses fell about 3 percent in September from the year before, a source said on Wednesday, underscoring the fragile state of the stimulus-driven recovery in Japanese vehicle demand.
Ford Motor Co said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
Congressional leaders on Wednesday pressed General Motors Co and Chrysler to resolve complaints about dealer franchise terminations the automakers pushed through during their brief bankruptcies.
General Motors Co [GM.UL] said on Thursday that its U.S. September auto sales fell 45 percent, pressured by weak consumer confidence, low inventory levels and the end of the U.S. government cash for clunkers incentives.
New automobile sales in Brazil jumped 19.85 percent in September from August, the national dealers' association Fenabrave said on Thursday, as consumers raced to take advantage of an expiring tax break.
The average rate on 30-year U.S. home loans fell in the past week to retest record lows, helping stimulate housing demand, Freddie Mac said on Thursday.
Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the NATIONAL ASSOCIATION OF REALTORS.
Foreclosures and other distressed property might look like a good deal, but some buyers are discovering that they just don’t have the stomach for the problems that come with it.
Nearly one third of people who applied for a mortgage last year were denied, the Federal Reserve reported Wednesday.
Google Inc is in the early stages of looking at ways to write software that would fully integrate plug-in hybrid vehicles to the power grid, minimize strain on the grid and help utilities manage vehicle charging load.
Automakers and their suppliers must use the breathing space they have been given by bankruptcy and government programs to innovate and to create vehicles consumers want, said Corinne Ball, who led a team of attorneys representing Chrysler during its Chapter 11 reorganization.
Ford Motor Co (F.N) has room for steady growth in its share of the North American and European auto markets, Chief Executive Alan Mulally said on Wednesday.
Talks between Canadian automotive group Magna (MGa.TO), General Motors and workers at German carmaker Opel were adjourned with no result on Thursday and will resume soon, a spokesman for Opel said.
