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Opel workers protest over threatened Belgian closure

Some 3,000 Opel workers and union leaders from across Europe protested on Wednesday against the threatened closure of the carmaker's plant in Belgium and plans to cut the workforce by a fifth.

Solvay unit bid war looms after Abbott offer: source

U.S. pharmaceuticals company Abbott Laboratories Inc made an unsolicited offer for the drugs unit of Belgian chemicals firm Solvay, a source familiar with the situation said on Thursday, rivaling a bid from private equity-owned drugs maker Nycomed.

Germany seeks European solution for Opel

Germany will seek a good European solution over state aid to loss-making carmaker Opel, and does not expect the European Union to block any deal, Economy Minister Karl-Theodor zu Guttenberg said on Thursday.

Over-priced MCC falls on HK debut; may dent new IPOs

Metallurgical Corp of China (MCC), a building and engineering firm that raised $2.3 billion in Hong Kong's biggest IPO this year, fell on its debut as investors, tiring from an IPO deluge, judged the stock was too pricey given an uncertain outlook for China's steel industry.

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U.S. mortgage rates stay at May low: Freddie Mac

U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.

Bankruptcy court clears the way for sale of Cubs

The Tribune Co received federal court approval on Thursday to sell the Chicago Cubs baseball team to the Ricketts family for $845 million, part of the bankrupt media company's effort to restructure.

A123 soars as much as 41 percent in debut

Lithium-ion car battery maker A123 Systems Inc (AONE.O) shares soared as much as 41 percent in their debut on Thursday in an eagerly anticipated initial public offering.

U.S. existing home sales unexpectedly drop in Aug

Sales of previously owned U.S. homes unexpectedly fell in August, a survey showed on Thursday, a minor setback for the housing market's recovery from a three-year slump.

Better Place sees price advantage for e-cars: report

Better Place, which is building a global network of charging stations for the electric car industry, expects its e-cars to be significantly cheaper than gasoline-powered counterparts, its CEO was quoted as saying.

GM India partnering India's Reva for electric car

General Motors Co's [GM.UL] Indian unit is partnering local firm Reva Electric Car Co to develop electric vehicles for the Indian market, and hopes to start selling a battery-operated small car within a year.

Carmakers favor US ban on texting while driving

Automakers backed calls to ban drivers on U.S. roads from text messaging with cell phones and other hand-held devices, an issue gaining attention from the Obama administration and Congress.

AIDS vaccine important step against disease

An experimental AIDS vaccine made from two older versions has made major progress in finding an effective way to combat the illness, researchers said on Thursday.

GM says sees no sharp slowdown in China car demand

General Motors GM.UL does not expect a sharp slowdown in demand in China's auto market from potential changes in government policy, its China chief said on Thursday.

Car execs most affected by pay cuts -German study

Almost half of Germany's car industry executives had to take pay cuts as a result of the crisis, more than in any other industry, a study showed on Thursday.

Chevron takes Ecuador fight to trade arbitrators

Chevron Corp said on Wednesday it had filed an international arbitration claim against Ecuador, opening a new front in its defense against a $27 billion environmental damage claim in Ecuadorean court.

Gennum swings to Q3 loss

Canadian intellectual property company Gennum Corp swung to a third-quarter loss, hurt by a restructuring charge and reduced inventory levels at customers.

Comtech Q4 profit beats Street view; shares rise

Telecom equipment maker, Comtech Telecommunications Corp posted a fourth-quarter profit that beat Wall Street expectations, helped by the acquisition of communication-equipment maker Radyne Corp.

Marriott shrinks luxury timeshare segment

Marriott International Inc said it would cut prices and scale back development plans for its luxury timeshare segment, resulting in a $760 million charge, because of soft demand in this business.

ReneSola to buy Dynamic Green Energy, shares up

Chinese solar wafer manufacturer ReneSola said on Wednesday that it will buy Dynamic Green Energy Ltd for about $88.5 million, mostly in stock, expanding the parts company into the market for solar panels, the final product sold to produce energy.

VW sees flat global car market in 2010

Volkswagen (VOWG.DE) expects global car markets to stagnate next year, a top executive said on Wednesday, calling on staff to help the world's third-largest automaker catch the sector leaders.

U.S. IPO line-up Sept. 23-25

Eight initial public offerings are scheduled to price and begin trading by the end of this week in what is likely to become the busiest week for U.S. IPOs since December 2007.

Mistras sets terms for $130.5 mln IPO

Julius Baer's U.S. asset management arm Artio Global Investors Inc is set to price its U.S. initial public offering after Wall Street closes on Wednesday in what is likely to be a test of investors' appetite for new financial issues.

Toyota Motor to sell brokerage unit - Nikkei

Toyota Motor Corp will sell its brokerage unit to Tokai Tokyo Financial Holdings Inc as part of efforts to consolidate resources into automobile operations, the Nikkei business daily reported.

Russian tycoon to buy NBA team, fund property plan

Russia's richest man, Mikhail Prokhorov, reached a deal to buy control of the New Jersey Nets basketball team, as well as fund the development of a real estate project in Brooklyn, New York.

Cadbury sees sense in Kraft deal: conference note

Cadbury Plc Chief Executive Officer Todd Stitzer detailed potential benefits from a takeover by Kraft Foods Inc and discussed valuations with investors in comments that could set the stage for talks between the British confectioner and the world's No. 2 food company.

Bank of America readies $239 mln subprime RMBS deal

Bank of America is underwriting a $239 million Lone Star subprime securitization backed by loans originated by troubled U.S. lender CIT Group, market sources said on Wednesday.

U.S. home foreclosure mediation in jeopardy: report

A slew of state and local home foreclosure mediation programs have enormous potential to help homeowners, but most suffer from lack of industry accountability, according to a study released on Wednesday.

U.S. accounting rules change approved

The Financial Accounting Standards Board approved a rule change on Wednesday that is set to benefit some technology companies by allowing them to recognize more revenue when certain products are sold.

Sam's Club tightens electronics return policy

Wal-Mart Stores Inc's Sam's Club chain said on Wednesday that its U.S. warehouse clubs are now offering free technical support for consumer electronics, but it is toughening up its return policy for such items.

foresees 30 pct cost drop for F-35 fighter engine

United Technologies Corp expects to pare costs as much as 30 percent over time on the engine it is building for the world's biggest fighter aircraft program, the board chairman told Reuters Wednesday.

20 Home Design Features That Send Buyers Running

Design glitches draw attention away from a home's best features. Don't let out-of-date fixtures and unappealing decor cost you a sale. While some buyers may actually appreciate vintage features, home and design experts say these 20 features almost always serve as a turnoff.

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