Result Page 696 for Latest Companies News & Archive

No quick exit for buyer of AIG unit: watchdog

The buyer of AIG's Taiwan unit Nan Shan Life should run it for at least seven years, the island's financial regulators said on Tuesday, indicating there will be no swift exit for any buyer.

Sony to sell LCD TV assembly plant to Hon Hai

Sony Corp said it would sell an LCD TV assembly plant in Mexico to Taiwan's Hon Hai Precision Industry in a bid to cut costs by contracting out production and turn around its loss-making TV operations.

S&P still may cut ILFC as AIG sale plans unclear

Standard & Poor's said on Tuesday it is continuing to review its ratings on International Lease Finance Corp for downgrade as American International Group Inc's plans to sell the unit have become less clear.

Fortress, Goldman among Joint Corp bidders: sources

Fortress Investment Group, Goldman Sachs Group Inc and Pacific Alliance Group are among bidders for failed Japanese apartment developer Joint Corp in a deal that could be worth up to 80 billion yen ($861 million), two people with direct knowledge of the deal said.

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US industrial shares up on strong manufacturing data

NEW YORK - Strong economic data on the manufacturing sector helped boost U.S. industrial shares in early trading on Tuesday, amid optimism the sector's earnings bottomed out in the second quarter and are set to improve.

Build Green into Your Lease

Keeping a building green requires specific leases clauses as well as cooperation from the landlord and tenants.

US copper climb at open as data points to recovery

NEW YORK - U.S. copper futures headed higher at the open on Tuesday, recovering a portion of the prior session's steep losses, as equity markets regained their footing and manufacturing and housing data suggested the economic recovery was on track.

CareFusion shares rise on first day free of Cardinal

CareFusion Corp shares edged higher in initial trading on Tuesday, the Cardinal Healthspinoff's first day as an independent company.

Buyer's Guide: Personal Safety Products

When working in real estate, you should never let your guard down. Here's how to make your personal safety a top priority.

Tata Motors to return Nano land if compensated

India's Tata Motors (TAMO.BO) is willing to return the original site for its ultra-cheap Nano car if the state government compensates for the investment on the land, its chairman said on Tuesday.

French car sales rise 7 pct in August-CCFA

Scrapping bonuses pushed French new passenger car sales up 7 percent in August to 110,607 units, carmakers' association CCFA said on Tuesday, while light utility vehicle sales, which are not eligible for payouts, plunged.

Govt schemes seen boosting August car sales

Europe and the United States were both set to report rises in August car sales thanks to government scrappage incentives, and France said it may extend its scheme beyond the year's end.

PepsiAmericas to spend $150 mln on Romanian plant

Soft drink bottler PepsiAmericas Inc said it plans to invest roughly $150 million by 2011 in a plant it opened on Tuesday in southern Romania, the company's second-largest facility in Europe.

Union Investment buys Hamburg mall for $235.5 mln

German real estate fund manager Union Investment said on Tuesday it has bought the Mercado shopping mall in Hamburg for 164 million euros ($235.5 million) in Germany's largest individual property deal so far this year.

Acadia psychosis drug misses main goal; shrs sink

Acadia Pharmaceuticals Inc said on Tuesday its experimental drug for psychosis related to Parkinson's disease failed to meet its primary goal in a late-stage trial, sending its shares down 70 percent.

Novavax says flu vaccine meets safety goal; shares jump

Vaccine maker Novavax Inc said its seasonal flu vaccine candidate was well-tolerated in a mid-stage trial, sending its shares up 17 percent in pre-market trade.

US STOCKS-Futures point lower ahead of ISM, housing

U.S. stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.

MOVES-DBS Group, Bofa-Merrill, Standard Chartered

PricewaterhouseCoopers (PwC) said it has appointed Nick Secrett, who joins from Swiss Re to its Pensions Capital Management team.

U.S. credit card satisfaction down amid higher rates-poll

U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday.

U.S. safety decision nears, Southwest shares fall

Southwest Airlines Co was hopeful on Monday the government would not force it to ground planes over a maintenance issue, and shares lost nearly 4 percent.

Lloyds, UK government in 1 bln pound lending deal -FT

The UK government and Lloyds Banking Group have reached a 1 billion pound ($1.62 billion) deal to enhance Lloyds business lending, the Financial Times reported on Tuesday.

Nomura gets 6 years free rent for London HQ - FT

Japanese investment bank Nomura has secured a rental deal on its new London headquarters allowing free rent for almost six years, the Financial Times reported, citing the terms of a deal to be announced on Tuesday.

Court denies Schering-Plough in $690 mln tax case

Drugmaker Schering-Plough Corp lost a bid for a refund of taxes paid on $690 million in profits earned offshore and repatriated, when a U.S. court sided with the Internal Revenue Service.

AIG, Greenberg, Smith agree to arbitrate disputes

American International Group Inc, former CEO Maurice Hank Greenberg and former CFO Howard Smith said on Monday they have agreed to resolve their various legal disputes in private arbitration.

S&P may cut Disney rating on Marvel acquisition

Standard & Poor's on Monday said it may cut its debt rating on the Walt Disney Co, citing concerns that its acquisition of Marvel Entertainment for $4 billion will leave it with higher debt.

Tiomin says Chinese co to buy 70 pct of its Kenya unit

Canada's Tiomin Resources Inc said it signed an investment agreement with China's Jinchuan Group Ltd, following which the top Chinese nickel producer will acquire 70 percent equity interest in Tiomin Kenya Ltd (TKL).

China could judge Tengzhong deal commercially

Chinese regulators could decide whether to approve a domestic firm's bid for General Motors' GM.UL Hummer brand based on commercial, not political, factors, a government academic with one of the regulators said at the China Investment Summit on Monday.

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