COMPANIES

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Daimler CFO says 2009 refinancing complete

Mercedes parent Daimler (DAIGn.DE) has already completed its refinancing for 2009 and has started procuring cash for the coming year as well with a recent bond issue, the company's chief financial officer said in a report by German paper Boersen-Zeitung.

China's SAIC considering plan to buy Saab

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China's largest automaker SAIC Motor group (600104.SS) is considering taking a passive stake in Saab Automobile [GM.UL] by teaming with luxury sportscar maker Koenigsegg, a source familiar with the matter said on Tuesday.
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Suzuki to spend $215 million on new India factory

Japan's Suzuki Motor (7269.T) said it plans to invest about 20 billion yen ($215 million) to build a new car factory in India, aiming to upgrade its production facilities in the face of growing competition.
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VW unveils deal to reopen Europe's ABS market

Volkswagen Financial Services AG (VOWG.DE) announced plans on Monday to securitise auto leases in a benchmark-sized public deal that would reopen Europe's asset-backed securities (ABS) market after a year-long freeze.
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Square Enix to launch Final Fantasy XIII on Dec 17

Japanese videogame creator Square Enix Holdings Co said it would launch the latest edition of its Final Fantasy game series on Dec. 17 in Japan, which may help sales of Sony Corp's PlayStation 3 in the key shopping season.
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Berlin softens stance on GM keeping Opel

The German government seemed to soften its stance on the possibility of U.S. carmaker General Motors GM.UL scrapping plans to sell Opel and keeping the European carmaker instead when GM's board meets this week.
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Honda sticks to latest fuel-cell car target

Honda Motor Co will maintain the target for lease sales of its newest fuel-cell car after over a year since its launch despite the challenge of boosting productivity, the model's chief engineer said.
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Momentum propels gold over $1,000/oz

Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
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Nice Systems gets new orders from Cherokee Nation

NICE Systems, the global provider of advanced solutions that enable organizations to extract insight from interactions to drive performance, today announced that it has received follow on orders from Cherokee Nation Entertainment (CNE) for its NiceVision video surveillance solution.
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China regulator seeks more info on Hummer buy

China's Commerce Ministry has not rejected heavy equipment maker Tengzhong's planned purchase of GM's GM.UL Hummer unit, but has asked for more information on the deal, a source familiar with the matter said on Tuesday.
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Lacroix administrator eyes Borletti deal

The administrator for Christian Lacroix hopes owners Falic Group can reach an agreement with Italian businessman Maurizio Borletti on a rescue plan for the French fashion house by the end of the month, he said on Monday.
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Asia awaits rash of life insurer IPOs

Investors in Asia, who currently have few options among insurance stocks, may soon be spoiled for choice as several life underwriters prepare initial public offerings that could raise billions of dollars.
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Asia IPOs boom on China listings, more to follow

Asia's initial public offering market is booming as economies inch out of recession and equity markets improve, setting the scene for the region to emerge as the world's top spot for firms rushing to raise money.
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Kraft primed to sweeten $16.7 bln Cadbury bid

Kraft Foods said it was determined to pursue Britain's Cadbury, which soared in value after it snubbed a $16.7 billion bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.
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China airlines, Boeing in talks to delay 787 jet

Fang Yan and Jacqueline WongChinese airlines are negotiating with Boeing Co to further delay taking delivery of 787 Dreamliner orders, a senior Boeing executive said on Monday, as they continue cost-cutting initiatives amid weak international air travel demand.

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