UBS AG's U.S. wealth management unit Paine Webber is not a core part of the bank's operations but will not be sold at present, UBS Chief Executive Oswald Gruebel was quoted saying in the FT.
U.S. home prices in July rose for the third straight month, surpassing forecasts and suggesting that the housing market is stabilizing after a three-year plunge.
Wireless carrier AT&T and navigation device maker Garmin said the G60 nuvifone will be available beginning Oct. 4 to AT&T customers in the U.S. at AT&T stores and online from the carrier's website.
Metals processor Reliance Steel & Aluminum Co said on Tuesday it expects third-quarter earnings to be higher than current Wall Street expectations due to higher prices and increased profit margins.
Walgreen Co, the largest U.S. drugstore chain, reported a quarterly profit that topped expectations, as it began to benefit from a make-over that includes sprucing up stores and cutting jobs, sending its shares higher.
European planemaker Airbus will make one fewer A380 superjumbo aircraft than planned in 2009 after agreeing to push a delivery into 2010, reminding investors of challenges facing Europe's largest industrial venture.
Walgreen Co , the largest U.S. drugstore chain, posted a slightly smaller quarterly profit on Tuesday, weighed down by weak sales of summer merchandise and costs behind its strategy to makeover its stores and streamline its overall operations.
European planemaker Airbus confirmed on Tuesday it had cut its 2009 delivery target for A380s by one aircraft to 13 planes and said it was maintaining its delivery forecast for 2010.
Chief Executive Howard Schultz called Starbucks Corp's Via Ready Brew perhaps the biggest opportunity in company history as he prepared for the instant coffee product's North American roll-out on Tuesday.
Delta Air Lines said on Monday that it has closed $2.1 billion of financing deals that have bolstered its liquidity by $600 million.
Toyota Motor Corp plans to consolidate purchases of resin materials among group firms to cut costs and strengthen its bargaining power, the Nikkei business daily reported.
US Airways Group Inc said on Monday it received about $137.3 million in net proceeds from its share sale, after deducting fees and estimated costs.
The Obama administration is expected to announce a program this week to aid low- and moderate-income U.S. housing markets by funding state housing agencies, officials said.
A U.S. appeals court on Monday reinstated an Alaska lawsuit against Altria Group Inc's Philip Morris USA by the survivor of a deceased smoker, saying her state product liability claims were not preempted by federal law and should have been tried in state court.
Russia's carmaker AvtoVAZ (AVAZ.MM) plans to assemble Nissan's (7201.T) class 'B' cars at its production facilities by 2012, officials and sources at AvtoVAZ and local administration told Reuters on Friday.
Volkswagen (VOWG.DE) and the IG Metall union have struck a wage deal for 95,000 staff in six western German plants that calls for a 4.2 percent pay rise plus one-off payments.
New United Motor Manufacturing Inc (NUMMI), a joint venture between Toyota Motor Corp (7203.T) and the former General Motors Corp [GM.UL] in California, will shed its entire workforce of about 4,700 by next spring, the Nikkei business daily reported on Saturday.
Fertilizer maker CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest move to buy the company.
Holley Performance Products, a maker of high-performance carburetors and automotive fuel-injection systems, filed for bankruptcy on Monday, its second filing in less than two years.
Filene's Basement has asked a federal judge to sign off on a deal that the bankrupt department store chain said would eliminate about $70 million in claims held by its former parent Retail Ventures Inc and by DSW Inc.
Scores of independent mortgage banks have closed their doors over the past two years due to the challenges of obtaining short-term credit, and two new trade groups have been established in response.
CBS News has reached a deal with the news website GlobalPost to use its 70 correspondents around the world to reinforce its foreign news reporting.
Homeowners who pay off their mortgage loan should notify county officials where the property is located, and file proof that the debt is paid.
Here are his six steps to getting the most out of Craigslist as a low-no-cost marketing tool.
Covidien plans to buy brain monitor maker Aspect Medical Systems Inc for about $210 million, giving the medical products company an expanded presence in the operating room.
Skate and snow-boarding inspired retailer Zumiez Inc lifted its third-quarter earnings outlook, citing better-than-planned sales and product margins, sending its shares up as much as 8 percent.
Kuwait has revived talks with British firm BP as a potential partner in a $9 billion joint venture refinery it plans to build with China's Sinopec Corp 60028.SS, a Kuwaiti oil executive said on Monday.
British insurer Aviva's Dutch unit Delta Lloyd plans to list in the fourth quarter of this year or early next year.
GenTek Inc, a U.S. maker of specialty chemicals and engine components, said on Monday it has agreed to a takeover by a unit of private equity firm American Securities for $411 million.
U.S. agribusiness giant Bunge Ltd heads a list of potential joint venture partners for Australia's AWB Ltd, because of ties fostered by some Australian staff once employed by AWB, industry sources said.
