COMPANIES

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CAW aims to wrap up working-level Ford talks

The Canadian Auto Workers is working to complete a working-level exchange of information with Ford Motor Co (F.N) this week before returning to full-scale negotiations with the No. 2 U.S. automaker, the head of the union said on Monday.

Piech, other VW execs, open to more brands

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Volkswagen's (VOWG.DE) powerful supervisory board chairman, Ferdinand Piech, left open the possibility of Europe's largest car maker acquiring further brands saying a dozen is easier to remember than ten.

MasterCard processed volume decline slows in U.S.

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MasterCard Inc, the world's second-largest credit-card network, said processed volume in the United States declined less in July and August than in the second quarter, reinforcing sentiment that the industry is stabilizing.
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Toyota sees lower 2010 Europe car sales

Toyota Motor Corp (7203.T) expects industry auto sales in Europe to remain flat or decline further in 2010, from 2009, as government incentive programs cease to inflate sales, the head of the automaker's European operations said on Monday.
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European carmakers ask if sales rise can last

News that European car sales rose for a third consecutive month in August kicked off the Frankfurt Motor Show, where automakers are showcasing green technology they hope will transform the industry.
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BASF gets OK for new herbicide from U.S. EPA

BASF SE said on Tuesday it has received approval from the Environmental Protection Agency for a new herbicide that it will market as a complement to a popular Monsanto Co herbicide.
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Capital One credit card defaults fall in August

Capital One Financial Corp's U.S. credit-card defaults fell in August, reinforcing signs that, despite job losses and the housing crisis, American consumers may not be in as bad shape as feared.
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Rockefeller & Co's CEO committed suicide - WSJ

James McDonald, chief executive officer of investment management firm Rockefeller & Co, committed suicide on Sunday in Massachusetts, the Wall Street Journal said, citing people familiar with the matter.
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AllianceBernstein REIT, Shanda Games IPOs next week

A real estate investment trust and a Chinese on-line video game maker are set to price initial public offerings next week, joining a flurry of prospective deals that could make September the busiest month for IPOs in nearly two years.
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Lyondell says to reorganize via new stock offering

Bankrupt petrochemicals maker LyondellBasell ACCELC.UL is planning a stock offering to raise funds so it can exit bankruptcy protection, according to documents filed with the bankruptcy court last week.
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Kraft CEO plans further deal talk with Cadbury

Kraft Foods, North America's biggest food group, plans to hold talks in coming weeks with British bid target Cadbury that may lead to a new bid offer for the global No.2 candy and chocolate maker.
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Boeing: no big changes to 767, 777 for US tanker

Boeing Co does not plan any major modifications to its 767 or larger 777 aircraft in competing for the U.S. Air Force's multibillion-dollar aerial tanker contract, a Boeing executive said on Monday.
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VW sees increasing signs for market recovery

The chief executive of Volkswagen (VOWG.DE), Europe's largest car maker, sees increasing signs for a recovery of the automotive market but cautions that the crisis is not over yet.
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Magna will work to reassure customers: co-CEO

Magna International (MGa.TO) does not believe its controlling stake in European automaker Opel will have a negative impact on its current customers, a top executive said on Monday.
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EU delays van emissions clampdown

The auto industry will have to cut carbon dioxide emissions from new vans sold in the European Union by 14 percent by July 2013 or face fines, a draft EU document shows.
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Porsche confident to close VW deal by 2011

The chairman of German sports car maker Porsche (PSHG_p.DE), Wolfgang Porsche, is confident that a deal with Volkswagen (VOWG.DE) can be wrapped up within the next two years, he told Reuters on Monday.
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Auto sales boosting Indian rubber demand - industry

Indian rubber consumption in the year to April 2010 is seen at 881,000 tonnes, slightly higher than the previous estimate of 875,000 tonnes helped by higher demand for automobiles, the country's Rubber Board said.
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Dollar, demand worries drag US copper futures down

U.S. copper futures ended lower on Monday, after hitting their lowest levels in nearly two weeks, as a steadier tone in the dollar and worries about recent supply builds and moderating import levels in China combined to drag prices down for the fourth straight session.
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Magna sees Opel paying back state loans by 2015

Magna (MGa.TO) will cut about 10,500 Opel jobs in Europe, the bulk in Germany, as it acts to return the carmaker to profit and pay back 4.5 billion euros ($6.55 billion) in state aid, its co-chief executive said.
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7 Tips for First-Time Home Buyers

A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis. Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today:
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AllianceBernstein-backed REIT to debut next week

Foursquare Capital Corp, a real estate investment trust that will be run and advised by a unit of money manager AllianceBernstein, will price its initial public offering and make its trading debut the week of Sept. 21, according to one of deal's underwriters.
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HIG Capital says it could buy Molex France

The French arm of U.S. electronics group Molex which has been the subject of violent protests from workers afraid they might lose their jobs, could be acquired by investment firm HIG Capital.
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Direct Edge moves closer to U.S. exchange status

Direct Edge's applications to operate two stock exchanges appeared for public comment on the U.S. Securities and Exchange Commission's web site on Monday, bringing the privately held alternative venue a step closer to becoming a formal exchange operator.
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JPMorgan to buy EcoSecurities for $204 million

JPMorgan Chase & Co agreed to buy carbon offset aggregator EcoSecurities for 122.9 million pounds ($204 million) on Monday, trumping a bid from the firm's co-founder, to boost its carbon-credit trading business.
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Nortel sells enterprise unit to Avaya for $900 mln

U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for the Nortel Networks Corp unit that builds corporate networks, and will pay $900 million for the business.
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Rio Tinto sells 56 pct stake in Alcan cable unit

Rio Tinto, the world's second-largest miner, is to sell a 56 percent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum.

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