Toyota Motor Corp (7203.T) is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also planning to expand its line of hybrid models under the Prius name, the Wall Street Journal reported on Thursday.
Goldman Sachs downgraded Medco Health Solutions to neutral from buy on valuation and said anticipation over a potential captive pharmacy benefit manager (PBM) acquisition has been adding support to the company's shares.
Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, has approached Canadian auto parts maker Magna International about possibly taking a stake in Opel, a source said.
The global auto supply sector needs further consolidation, U.S. billionaire investor Wilbur Ross said, adding he was looking at potential acquisition targets, including at least one in Europe.
China's Geely Automobile has approached Magna International about joining the Canadian auto part maker's bid for Opel, a source familiar with the matter said, as China chases Western brands and the technology it needs to drive future growth.
New U.S. housing starts and permits rose in August to their highest level in nine months and the number of people filing of unemployment benefits fell last week, evidence a solid economic recovery was underway.
The Federal Reserve is conducting a review of commercial real estate exposures at U.S. banks, a Fed source said on Wednesday.
Construction and engineering group Balfour Beatty is in advanced talks regarding a significant acquisition and is mulling a rights issue to fund a deal analysts expect will involve a U.S. or British firm.
Pier 1 Imports Inc reported a smaller-than-expected quarterly loss as the home furnishings retailer benefited from cost cuts, fewer markdowns and improved inventory management.
The California lawmaker who spearheaded a high-profile anti-obesity effort across the country's most populous state is now training his sights on sugar-sweetened drinks.
U.S. drugs group Merck & Co has teamed up with Britain's Wellcome Trust medical charity in a not-for-profit joint venture to develop affordable vaccines for poor countries.
The U.S. House of Representatives approved a $3 billion proposal on Wednesday to further spur research into advanced batteries and other technologies to power electric cars and other vehicles.
China's e-commerce giant Alibaba.com is to boost domestic market share by encouraging more users to sell products through its online auction site Taobao, China Daily reported on Tuesday.
CKE Restaurants Inc, parent of the Carl's Jr and Hardee's fast-food chains, posted a quarterly profit that was in line with market expectations but revenue missed estimates, sending its shares down 9 percent.
Dress Barn Inc reported a better-than-expected quarterly profit, helped by tighter cost and inventory controls, but forecast full-year 2010 earnings below market expectations, sending its shares down 3 percent in after-market trade.
Fisker Automotive Inc, a builder of luxury plug-in hybrids, aims to make a profit in 2011 when its first vehicle, called the Karma, is expected to hit annual sales of 15,000 units, its chief executive said on Wednesday.
Tinseltown evening gowns are shimmering and flowing on New York fashion runways this week as many designers shed the stiff, formal styles of seasons past.
Chrysler Group said on Wednesday it would offer leases on its newest vehicles just over a year after sharply tighter credit markets and plunging vehicle values forced it to retreat from the market.
South Korean carmaker Hyundai Motor Co (005380.KS) plans to produce a new model in India priced as low as $5,000 and targeting emerging countries, Japanese business daily Nikkei reported.
Drugmaker ImmunoGen Inc said it licensed its technology to develop anticancer drugs to Amgen Inc.
U.S. motor giant Ford (F.N) will definitely sell its Swedish car brand Volvo, its finance chief told Swedish news agency TT on Tuesday.
U.S. and Canadian judges said on Wednesday approved Nortel Networks Corp's sale of its enterprise business to Avaya Inc for about $900 million, part of the liquidation of the bankrupt telecoms company.
French media and telecoms giant Vivendi said on Wednesday it hasn't made a decision whether to exercise its right to sell a 20 percent stake in broadcaster NBC Universal.
United Technologies Corp is seeing signs of stabilization in its key businesses, though the diversified U.S. manufacturer still faces difficult end markets, a top executive said on Wednesday.
Crexus Investment Corp lowered the number of shares it will sell in its initial public offering by 60 percent, but increased the shares it plans to sell privately to its manager.
IAC/InterActiveCorp Chief Executive Barry Diller said on Wednesday he has no interest in buying Time Warner Inc Internet unit AOL, ending long-standing speculation he might consider a bid.
A U.S. bankruptcy judge rejected on Wednesday Verizon Communications Inc's objections to a plan by Nortel Networks Corp to sell its enterprise business to Avaya Inc for $900 million.
Brazil's JBS SA said on Wednesday that it would take over bankrupt U.S. chicken company Pilgrim's Pride Corp and Brazilian rival Bertin, in deals that will propel it to the top of the world meat industry with $30 billion in annual revenue.
From major automakers to niche manufacturers, the race is on to get green cars on the road in the coming years, but one question lingers: after many false starts, are drivers finally ready for them?
Executives at the Frankfurt Motor Show predicted a bumpy road to a car market recovery as they showcased their latest green technology, which they hope will transform the industry.
