American Axle & Manufacturing Holdings Inc said on Thursday it has reached a new commercial agreement with General Motors Co, its main customer, and a revised credit agreement with lenders.
Toyota Motor Corp is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also expanding its line of hybrid models under the Prius name, the company said on Thursday.
France's BNP Paribas and Belgian insurer Fortis will take a majority stake in the non-life insurance unit of Italy's UBI Banca, the buyers announced on Thursday.
After decades of Made-in-China garments, China's fashion industry is keen to move on from being just a mass manufacturer of clothes -- it wants to own western brands and to sell them to China's 1.3 billion consumers.
The trust that holds voting control of candy maker Hershey Co has hired Warren Buffett's favorite banker to advise it on a possible bid for British chocolatier Cadbury, the Wall Street Journal reported on Thursday.
If U.S. health reform efforts lead to higher costs for employers, employees may end up bearing the brunt, according to a new survey.
Biopharmaceutical company XenoPort Inc and its partner GlaxoSmithKline Plc said their neuropathic pain drug met the main goal of reducing the intensity of pain in a mid-stage trial.
AT&T Inc expects sales to business customers to stay flat for a while, although growth may return in the second half of 2010, Chief Executive Randall Stephenson said on Thursday.
Package delivery giant and U.S. economic bellwether FedEx Corp reported a 53 percent drop in quarterly profit on Thursday as the worldwide economic downturn continued to weigh on shipping volumes.
U.S. copper futures fell before steadying at slightly lower levels Thursday morning, under pressure from a steadier dollar and down even as latest labor, housing and manufacturing data provided further evidence of recovery.
Deutsche Bank has backed out of talks to buy a package of assets from nationalised bank ABN AMRO under a deal mandated by the European Commission, the Dutch finance ministry said on Thursday.
Chinese photovoltaic cell maker Solarfun Power Holdings Co Ltd forecast sequentially higher third-quarter revenue, and said it was seeing an improvement in end market demand, sending its shares up 13 percent.
Shares of Clarcor Inc fell as much as 6 percent on Thursday, a day after the filtration products maker reported lower-than-expected third-quarter results and cut its full-year earnings forecast. We believe (the) shares will remain range bound pending the company's ability to meet and exceed expectations and are maintaining our 'hold' rating, said analyst Jeffrey Hammond of KeyBanc Capital Markets.
Timberland Co said its Chief Financial Officer John Crimmins will leave effective Sept. 30 and named Sara Lee Corp's Carrie Teffner as his replacement.
Hanesbrands Inc said it agreed to sell three of its yarn manufacturing plants to privately held Parkdale, and shut a fourth plant and two warehouses.
Johnson & Johnson and Elan Corp Plc said they have closed the deal under which J&J's newly formed unit Janssen Alzheimer Immunotherapy acquired all the assets and rights related to Elan's Alzheimer's Immunotherapy Program (AIP).
Casino operator MGM Mirage said on Thursday lawsuits filed against it in recent weeks that allege securities fraud were without merit.
Speculation that Volkswagen (VOWG.DE) will try to incorporate Germany's MAN SE (MANG.DE) into a new trucks alliance gained momentum after comments from leaders of the sprawling automotive empire this week.
China stock market's sharp rebound from a dramatic sell off in August has limited upside from current levels as a huge supply of IPO shares is set to counter investor optimism over an economic recovery.
Crexus Investment Corp shares fell 4 percent in their debut Thursday on the New York Stock Exchange.
Ladder Capital Realty Finance Inc, a prospective real estate investment trust, set the terms on Thursday for its planned $400 million initial public offering.
U.S. food packager Bemis Co said on Thursday that the U.S. Department of Justice had requested additional information about its planned purchase of Rio Tinto's U.S. packaging arm.
ArcelorMittal, the world's largest steelmaker, is considering the sale of its stake in Luxembourg-German utility Enovos, a spokeswoman for the Luxembourg government said on Thursday.
British construction group Balfour Beatty has agreed to buy U.S. project management firm Parsons Brinckerhoff for $626 million, and will ask shareholders to help fund the deal, it said on Thursday.
U.S. lithium-ion battery maker Ener1 Inc (HEV.O) said on Thursday it would supply batteries to Ford Motor Co's (F.N) Swedish Volvo brand for a new electric car prototype.
Canadian factory sales rose in July at their fastest pace in 11 years, supporting expectations that the economy is growing again even though manufacturers are not expected to be the main driver of the recovery.
The global car market slump is set to spark a wave of mergers and bankruptcies among automotive suppliers being squeezed to the breaking point by weak demand and unrelenting pressure on prices, executives say.
Metallurgical Corp of China (MCC) priced the Hong Kong portion of its initial public offering at the lower end of an indicated range, sources said on Thursday, as the IPO's size and sector appeared to have dampened demand for the construction and engineering company.
Nissan Motor Co (7201.T) said on Thursday it expects its Chinese vehicle sales to climb 18 percent above its initial target of 570,000 units this year, helped by the government's tax incentives on smaller cars.
The private equity arm of Standard Chartered is set to invest in a number of South Korean companies in the next 18 months as it sees good potential for minority stake purchases in the environment industry.
