Result Page 693 for Latest Companies News & Archive

Germany tells GM it wants Opel decision next week

Germany raised the pressure on General Motors on Friday to choose a buyer for its Opel unit, with Economy Minister Karl-Theodor zu Guttenberg telling the U.S. carmaker he expected a

Mortgage Defaults Bring New Trouble

Mortgage woes dominate the business page headlines of both the New York Times and Wall Street Journal today.

American Air, FAA dispute may escalate: report

AMR Corp's American Airlines faces an increasing dispute with Federal Aviation Administration regulators over allegedly improper repairs to at least 16 aircraft, the Wall Street Journal said, citing people familiar with the matter.

Thermo Fisher to buy Brahms for $470 mln

U.S. scientific instruments maker Thermo Fisher Scientific Inc said on Thursday it agreed to buy privately held Brahms AG for about $470 million to acquire the German company's line of diagnostic tests and expand its manufacturing presence in Europe.

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GreenHunter biomass plant in power sales deal

A unit of GreenHunter Energy Inc said on Thursday it signed a 20-year power sales deal for its biomass power plant in California, enabling the company to complete construction.

Netflix, Blockbuster shares fall on YouTube deal

Shares of movie rental companies Netflix Inc and Blockbuster Inc fell on Thursday, dragged down by news that online video site YouTube is talking with several major movie studios about renting movies, analysts said.

Family Dollar sales miss goals; shares fall

Family Dollar Stores Inc saw quarterly sales grow less than expected, as store reorganizations it undertook across the country interrupted some shopping, and its shares fell nearly 9 percent.

U.S. home prices seen turning the corner

U.S. home prices are nearing the end of a three-year slump and should rise in 2010, though the overall economy can rebound even if the housing market does not, according to a Reuters poll.

Starbucks exec Gass to head Seattle's Best

Starbucks Corp named Michelle Gass on Thursday to the new role of president of its Seattle's Best Coffee chain, responsible for building out the brand and managing 550 U.S. Seattle's Best cafes.

Daimler, Porsche curb hours amid car slump

Carmakers Daimler AG (DAIGn.DE) and Porsche (PSHG_p.DE) plan short working hours at plants in Germany later this year, abandoning hopes that a year-long sales swoon could reverse quickly.

GM to restart Venezuela output, assemble new car

General Motors Co [GM.UL] will end a three-month stoppage at its Venezuela plants next week after reaching an agreement with the government of President Hugo Chavez to free up foreign currency to import parts.

U.S. approves GM plans to buy certain Delphi assets

U.S. antitrust officials on Thursday approved plans by General Motors Co GM.UL to acquire certain assets of bankrupt Delphi Corp (DPHIQ.PK).

Ciena loss narrower than expected, shares rise

U.S. network equipment maker Ciena Corp reported a quarterly loss on Thursday on weaker technology spending by phone companies, but the results were better than expected and its shares rose 5.7 percent.

French car-buying incentives may be extended: government

A French government scheme to encourage drivers to buy new cars might be extended beyond December, when it is due to expire, Budget Minister Eric Woerth said on Tuesday.

India sends Telenor deal to cabinet for decision

A proposal to allow Norway's Telenor to raise its stake beyond 50 percent in India's Unitech Wireless, a unit of realty firm Unitech, has been sent to the Indian cabinet for approval.

UAE's NBAD plans 5-yr bond, sees over $2 bln interest

National Bank of Abu Dhabi plans to price a five-year dollar-denominated benchmark bond later on Thursday after securing commitments in excess of $2 billion, a senior official of the bank said.

ING gets bids near $2 billion for private bank units

Dutch financial group ING has up to five bids for some or all of its for-sale private bank assets, a source familiar with the process said on Thursday, with offers for the full package running close to $2 billion.

Chrysler raising Dodge Caliber production

Chrysler Group LLC said on Wednesday it is increasing production of the Dodge Caliber hatchback by 10,000 units this year in response to increased demand for small, fuel-efficient models.

US commercial paper outstanding rises in week-Fed

NEW YORK - The U.S. commercial paper market expanded for a third straight week in another sign that the economy may be growing again as a two-year credit crunch eases, Federal Reserve data showed on Thursday.

Ford Canada offers up to C$3,000 for clunkers

Ford Motor Co's (F.N) Canadian subsidiary, seeking to maintain sales momentum, said on Wednesday it will offer up to C$3,000 ($2,700) toward the purchase of a new Ford to customers who turn in a vehicle 15 years or older.

Costco August same-store sales fall 2 pct

Costco Wholesale Corp on Thursday reported a smaller-than-expected 2 percent fall in August same-store sales, in a sign that the impact of the financial crisis is waning on U.S. consumer spending.

Movado Q2 profit plunges 94 pct

Watch-maker Movado Group Inc posted a 94 percent slump in quarterly profit as margins fell and it recorded an interest expense charge.

Australia new vehicle sales slip in August-industry

New vehicle sales in Australia slipped for a second month in August, though the annual pace of decline almost halved, industry data showed on Thursday.

Family Dollar sales miss goals, shares plummet

Family Dollar Stores Inc's fourth-quarter sales growth fell short of expectations, leading its shares to fall 9 percent in premarket trading even though the retailer stood by its fourth-quarter profit forecast.

Del Monte Q1 profit tops estimates, shares rise

Del Monte Foods Co's quarterly profit handily beat Wall Street estimates on price increases and lower costs, prompting it to raise its full-year forecast for earnings from continuing operations.

Fiat Purchasing to source $1 bln parts from India

Fiat Group Purchasing, a part of Fiat (FIA.MI), plans to source $1 billion of parts from India in 2010, a senior executive said on Thursday.

Ford CEO has carte blanche to stay: chairman

Ford Motor Co (F.N) Chief Executive Alan Mulally, credited with steering the automaker's turnaround, won an endorsement for an indefinite tenure from Ford's chairman and the founding family's senior representative at the company.

BMW plans Mini expansion at UK plant

German carmaker BMW (BMWG.DE) revealed plans to build two new Mini models at its plant near Oxford in central England on Thursday, boosting British manufacturing and the embattled motor sector.

Opel labor threatens further escalation with GM

Opel's senior labor leader threatened General Motors GM.UL that the European carmaker's workforce would not pitch in to reduce $1.2 billion in costs if Detroit retains control of Opel.

American Apparel to sack migrants with no papers -report

American Apparel Inc will dismiss 1,500 factory workers who could not prove their U.S. immigration status or rectify problems with their employment records, the Los Angeles Times said on Thursday.

Nomura, JP Morgan bag plum roles in Dainippon deal

Nomura Holdings cemented its position at the top of the M&A league tables in Japan by bagging a mandate to advise Dainippon Sumitomo Pharma on its $2.6 billion acquisition of U.S. drugmaker Sepracor Inc.

Many U.S. retailers report lower August sales

U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on the key back-to-school season.

Dainippon to bid about $2.7 billion for Sepracor: source

Japan's Dainippon Sumitomo Pharma Co Ltd plans to offer about $2.7 billion to acquire U.S. drugmaker Sepracor Inc, a source said, in a move that it would give it a much needed U.S. sales force.

Greif Q3 profit falls 39 percent

Greif Inc, a maker of industrial packaging products, posted a 39 percent fall in quarterly profit, hurt mainly by lower sales at its industrial packaging segment.

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