With Cadbury lacking a white knight bidder to come to its rescue in the face of Kraft's $16.1 billion bid, the two companies are set to face off on one question: How much is Cadbury really worth?
Anheuser-Busch InBev NV said on Friday its American Depositary Receipts would begin trading on the New York Stock Exchange on Sept. 16 under the symbol BUD.
Interest rates on U.S. 30-year fixed-rate mortgages fell below 5 percent on Friday, a significant psychological level that should help the hard-hit U.S. housing market to recover, according to real estate website Zillow.com.
A World Trade Organization panel has found that European subsidies for Airbus injured its U.S. rival Boeing, a U.S. senator said on Friday in remarks that clashed with a colleague's description of the ruling.
Department stores will likely face a smaller sales decline in the second half of 2009 than in the first half as lower inventories make discounting less necessary to clear out merchandise, Moody's Investors Service said on Friday.
Harvard and Yale, America's two richest universities, said on Thursday their endowments lost roughly 30 percent of their value last year, showing how severely the financial crisis battered even the world's best managers.
German carmaker Volkswagen (VOWG.DE) is bolstering its presence in Asia after approving 4 billion euros ($5.84 billion) in new investments for China and mounting another effort to build cars in Malaysia.
General Motors Co [GM.UL] has ended temporary pay cuts for salaried workers that were put in place four months ago to preserve cash before the automaker filed for bankruptcy, a spokeswoman said.
Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors Co should be viewed as a trade in technology and not an overseas investment, a top Chinese planning official said on Thursday.
A decision by General Motors Co to sell a controlling interest in its European unit, Opel, was the first major decision for GM's new board and an important test of the U.S. government's pledge to let the directors and management run the company.
Canadian automotive supplier Magna International promised on Friday to ringfence its Opel operations once it takes control of the former General Motors carmaking unit.
BMW (BMWG.DE), the world's largest premium car maker, said on Friday its August car sales in mainland China surged 63.2 percent from a year earlier.
Carmakers, stung by recession and unsure of their future as government support wanes, will put on a brave face at next week's Frankfurt Motor Show, promoting the green technologies they hope will be their salvation.
The state parent of Brilliance China Automotive (1114.HK) is near a deal to make special purpose vehicles in China with Daimler AG (DAIGn.DE) and Toyota Motor (7203.T), a company source said on Friday.
When General Motors Co Chief Executive Fritz Henderson saw the automaker through bankruptcy in July, he emerged with a new mantra.
Workers at Opel, German politicians and customers of Canada's Magna expressed concern on Friday about whether General Motors' decision to sell a majority of Opel to Magna and Russia's Sberbank will turn out to be a favorable deal.
Warren Buffett is often a go-to guy when companies want to raise money.
General Motors on Thursday ended months of uncertainty, announcing it had reached a deal to sell a majority stake in its European unit Opel to Canadian car parts maker Magna, backed by Russia's Sberbank.
Real estate professionals and home builders are pushing for an extension and an increase in tax incentives to encourage homebuying.
Low-cost wireless carrier MetroPCS Communications Inc is not in merger talks with rival Leap Wireless International Inc, a source close to MetroPCS said. But the company was in discussions with bankers about possible deals, the source said.
Five black fire safety directors of West Indian descent sued Bank of America Corp's Merrill Lynch unit on Friday, accusing it of discrimination on the basis of race and national origin, leading to their 2005 firings.
General Motors Co said on Thursday it will offer consumers a 60-day, money-back guarantee on new vehicles and roll out a barrage of new advertising over the next year aimed at winning back American consumers who have abandoned its brands.
A U.S. court of appeals on Friday overturned a $358 million damages award against software maker Microsoft Corp in a long-running patent dispute with French telecoms equipment firm Alcatel-Lucent.
The Obama administration has notified Congress of a possible sale to Turkey of advanced Patriot PAC-3 antimissile systems and related gear valued at up to $7.8 billion.
GE Hitachi Nuclear Energy said on Friday it was in talks with India's state-owned nuclear power body to build at least 6 nuclear reactors.
U.S. antitrust regulators have requested more documents in their probe of Microsoft Corp's deal to provide search engine technology to rival Yahoo Inc, the two companies said on Friday.
Russian Prime Minister Vladimir Putin said on Friday that General Motors made the right decision to sell a 55 percent stake in Opel to a group led by Canada's Magna.
Canadian retailer Dollarama Inc filed a preliminary prospectus with the country's securities regulatory authorities for an initial public offering.
U.S. private equity firm TPG plans to list Myer, Australia's largest department store chain, on the local stock exchange this year in a deal that could be worth up to $2.6 billion and test the market's faith in recovery.
Italian online fashion retailer Yoox's decision to float on the Italian bourse by Christmas does not mean the IPO market will re-open to luxury groups that have been waiting to list for more than a year.
