The popular U.S. government cash-for-clunkers program, offering rebates of up to $4,500 to car buyers trading in older, fuel-thirsty vehicles, will end on Monday, the Transportation Department said on Thursday.
China's top online auction firm, Taobao, recorded transaction volume of 80.9 billion yuan ($11.8 billion) in the first half of 2009, up 97% year-on-year, according to mid-year metrics released on Thursday, despite the slight drop in spending per order due to the economic slow-down.
The U.S. government on Thursday announced grants of almost $1.2 billion to help hospitals and healthcare providers implement and use electronic health records.
Gap Inc posted a slightly stronger than expected quarterly profit on Thursday as more full-priced sales, inventory controls and cost cuts helped offset declining revenue at all its chains.
The U.S. government's
Porsche's former CEO Wendelin Wiedeking is being investigated by prosecutors as part of a probe into suspected market manipulation in Volkswagen shares.
German Chancellor Angela Merkel said she was skeptical that financial investor RHJ International would succeed in its bid for carmaker Opel a day before the board of General Motors was expected to announce its preference.
The heads of Canada's Magna (MGa.TO) and Russian partner Sberbank will meet their General Motors GM.UL counterpart on Thursday, a person close to the matter said, as decision time nears on the sale of GM's Opel business.
The U.S. government announced grants of almost $1.2 billion on Thursday to help hospitals and health care providers establish and use electronic health records.
Volkswagen (VOWG.DE) could be interested in a tie-up with Japanese carmaker Suzuki Motor Corp (7269.T), Chief Executive Martin Winterkorn told a German magazine.
Hyundai Motor Co's Canadian unit said on Wednesday it would top up the government of Canada's vehicle scrappage incentive program by up to C$1,000 ($910) per vehicle for people who trade in old gas guzzlers for a new Hyundai.
German Chancellor Angela Merkel's cabinet on Wednesday agreed a plan to get a million electric cars on Germany's roads by 2020 and transform the country into the world's top electric car market.
China National Nuclear Corp (CNNC), the country's top nuclear power operator, is to start building the third phase of its Tianwan nuclear power plant in Jiangsu province from October next year, ChinaDaily reported on Thursday.
Macquarie Group on Wednesday unveiled separate deals in the US and China, continuing a trend of consolidation in its fund management business.
JetBlue Airways Corp, which last week began offering a one-month unlimited travel pass, ended the sale early when the passes sold out before the promotion was set to expire, the airline said on Thursday.
General Motors Co will provide cash advances to dealers to cover Cash for Clunkers rebates while the incentives are being processed by the U.S. government, the company said on Thursday.
General Motors Co will provide cash advances to dealers to cover
BBVA's expected purchase of troubled Texas lender Guaranty Financial Group will boost its southern U.S. strategy, but analysts are keeping close tabs on the bank's capital levels.
Sears Holding Corp reported a surprise quarterly loss that dimmed investors' hopes that Chairman Eddie Lampert could succeed in turning around the struggling retailer.
H.J. Heinz Co posted lower quarterly profit on Thursday as the stronger dollar cut into sales overseas.
Sears Holding Corp reported a quarterly loss on Thursday instead of the profit Wall Street was expecting as the retailer struggled to cut costs to keep up with falling revenues, and its shares fell nearly 13 percent.
The heads of Canada's Magna and Russian partner Sberbank will meet their General Motors counterpart on Thursday, a person close to the matter said, as decision time nears on the sale of GM's Opel business.
The heads of Canada's Magna and Russian partner Sberbank will meet their General Motors counterpart on Thursday, a person close to the matter said, as decision time nears on the sale of GM's Opel business.
Sears Holding Corp reported a quarterly loss on Thursday as the retailer continues to suffer from the crash of the U.S. housing market.
PBM Products, a maker of private-label baby foods, is seeking to arrange for a buyout or partial sale of the company, the Wall Street Journal said, citing people familiar with the matter.
U.S. low-cost carrier Southwest Airlines , which lost a bid to buy Frontier Airlines Holdings Inc , may look for another acquisition but would continue to carry conditions with any bid, its chief executive Gary Kelly told the Wall Street Journal in an interview.
The U.S. government's cash for clunkers autos sales incentive program may be wound down as soon as early September, the Wall Street Journal said, citing a person familiar with the matter.
The heads of General Motors , Canadian auto parts group Magna and its Russian partner Sberbank are due to meet on Thursday ahead of GM's board meeting on Friday, a German newspaper said.
Dutch supermarket group Ahold reported second-quarter operating profit above forecasts on Thursday, helped by cost controls even as the retail environment continues to reflect weak economic conditions. Second-quarter earnings before interest and taxes (EBIT) rose 25.5 percent to 295 million euros, compared with the 276 million euros projected by analysts and 235 million euros a year earlier.
China's top oil refiners are set to reveal a surge in quarterly earnings on the back of fuel price increases and lower oil prices, reaping the benefits six months after Beijing shifted to more liberal fuel pricing.
