Italy is ready to extend vehicle buying incentives to help the industry beyond the year end if necessary, Prime Minister Silvio Berlusconi said on Wednesday, in response to lobbying from Fiat SpA (FIA.MI) and other carmakers.
Daimler (DAIGn.DE) will hire 800 more staff for its Brazilian commercial vehicles business and keep open a U.S. truck plant as the two key markets show signs of reviving, the world's biggest truckmaker said.
Turkey's Competition Board said on Wednesday it had opened an investigation into 19 of the country's largest auto companies, including foreign firms operating in Turkey, for alleged price-fixing since 2006.
Transportation Secretary Ray LaHood Wednesday called distracted driving a serious epidemic with more than 5,800 annual U.S. traffic deaths tied to motorists who failed to keep their eyes on the road.
Electronics retailer Best Buy Co expects to hire more staff for the U.S. holiday season than it did last year and will promote its in-store services as a way to woo shoppers, Chief Executive Brian Dunn said on Wednesday.
Penn National Gaming Inc is considering acquiring the unfinished Fontainebleau resort, which sits toward the northern end of the Las Vegas Strip, the U.S. casino and racetrack operator's chief financial officer said on Wednesday.
Global semiconductor sales will decline less than previously forecast this year and will return to growth in 2010, tech research house iSuppli said on Wednesday.
China Real Estate Information Corp, a provider of real estate information and consulting services, is planning to raise up to $200 million in a U.S.-listed initial public offering.
The following stocks may be affected by newspaper reports and other factors on Wednesday:
The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
Talks between Bharti Airtel and MTN Group to create the world's third-largest mobile operator collapsed for the second time in just over a year on Wednesday.
Iconix Brand Group Inc slashed its 2009 view, hurt by the transition to a new licensee for one of its brands and dilution from its June share offer, sending its shares tumbling 23 percent.
China has made a proposal to buy 6 billion barrels of Nigeria's crude oil reserves and the West African country said on Wednesday it could sell stakes in its joint ventures with Western oil firms to help Beijing do so.
French food group Danone settled a legal row with China's top beverage producer Wahaha by selling out of their joint venture, as analysts speculated Danone is looking to the United States for a big acquisition.
Man Group, the world's largest listed hedge fund firm, said slowing outflows helped lift assets to an estimated $43.8 billion at end-September, at the top end of forecasts, boosting its shares.
The times they are a-changin', and Bob Dylan's surprise decision to release his first Christmas album next month now comes with a banking tie-in that would have been unimaginable during the singer's 1960s protest years.
U.S. holiday sales in 2009 will likely be almost flat with the anemic showing of a year ago, a new survey predicted, following in a line of cautious early forecasts for the period.
Freddie Mac said on Wednesday it plans to sell about $1 billion of multifamily mortgage-backed securities next week and expects new issues at least quarterly.
The number of home foreclosures in process and delinquent mortgages rose during the second quarter, while home retention actions also rose, U.S. bank regulators said on Wednesday.
Repsol YPF's Bilbao Knutsen liquefied natural gas tanker is expected to arrive at the Canaport LNG terminal in New Brunswick from Trinidad on Oct. 5, according to AISLive ship tracker on Reuters.
Toys R Us Inc said on Wednesday that it would hire about 35,000 seasonal workers for its U.S. stores as it prepares for the upcoming holiday shopping season.
U.S. antitrust regulators have approved Warner Chilcott Plc's purchase of Procter & Gamble Co's pharmaceuticals business, the Federal Trade Commission said on Wednesday.
Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2 billion of bills at rates unchanged from last week's rates for similar sizes and maturities.
U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said on Wednesday, in another sign that housing will likely recover slowly from its three-year plunge.
NRG Energy Inc planned to restart the 836-megawatt Unit 1 at the Limestone coal-fired power station in Texas on Sept. 30-Oct. 1, the company told Texas regulators in a report.
Trina Solar Ltd said on Wednesday it had extended by five years its contract to buy polysilicon from GCL-Poly Energy Holdings Ltd through 2021
Bank of America Corp has struck a deal to sell a long-term asset management business, part of its Columbia Management division, to Ameriprise Financial Inc for about $1 billion.
It's not just lower credit limits and the difficulty of getting a credit card that's striking fear into the hearts of retailers desperate for holiday sales -- it's consumers' new desire to save.
Toyota Motor Corp said it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.
Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.
