Magna International Inc , one of the bidders vying to buy carmaker Opel from General Motors , reported a quarterly loss on Friday given a decline in global auto production.
Royal Bank of Scotland has suffered a damaging but not yet destructive exodus of top staff and some areas of investment banking had lost significant numbers, the British bank's chief executive said.
Volkswagen is targeting a decline in full-year sales of 5 percent, or not much below 5.92 million vehicles, from an earlier forecast for a 10 percent fall, group sales chief Detlef Wittig told Autogazette in an interview published on its website.
The construction and manufacturing industries were experiencing the highest unemployment rates among industries in July, according to the latest government report.
Merck & Co shareholders overwhelmingly approved the drugmaker's planned merger with Schering-Plough Corp, and the deal remains on track to close in the fourth quarter, Merck said on Friday.
The Canadian government repeatedly refused to help Nortel Networks over the past year as the telecom equipment maker fought to avoid filing for bankruptcy protection, a senior Nortel executive told a parliamentary committee on Friday.
Indian mobile phone giant Bharti Airtel may increase its offer for a stake in South African peer MTN by between 5 and 10 percent, a source familiar with the negotiations told Reuters.
Canadian auto parts company Magna International Inc , one of the bidders vying to buy carmaker Opel from General Motors, reported a quarterly loss Friday, hurt by steep declines in global auto production.
Canadian auto parts company Magna International Inc , one of the two bidders vying to buy carmaker Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
Top Japanese tire maker Bridgestone tumbled to an operating loss in the second quarter, hit by the economic slump and a stronger yen, but raised its full-year outlook again after a surprise upgrade in June.
Toyota Motor Corp will decide by the end of this month whether to pull out of a California plant it has operated with General Motors since 1984, a top executive said on Friday.
The Nasdaq-listed Chinese search engine Baidu Inc has topped Yahoo! to become the world's second most popular search engine in June, the US marketing research company ComScore released in its report this week.
Dutch telecoms group KPN confirmed its offer of $1.55 per share for iBasis shares it does not yet own after iBasis repeatedly objected to the bid on Thursday because it was inadequate.
Private equity firm Blackstone Group LP reported higher quarterly earnings on Thursday, topping Wall Street expectations, and said it was sitting on its biggest cash pile ever, with $29 billion to deploy.
Abu Dhabi-owned energy company TAQA Bratani Ltd plans to boost North Sea oil and gas production by buying up mature oilfields and greatly increasing their efficiency, the head of the company's UK arm said on Thursday.
Blackstone Group LP's restructuring advisory business is booming as more companies hit the wall every day and need advice, the private equity firm's COO said on Thursday.
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.
U.S. retailers reported their 11th straight month of sales declines in July as shoppers continued to search for bargains and basics in the downturn.
Shares of Netflix Inc (NFLX) rose on Thursday after the company's board of directors announced it was authorizing a $300 million program to repurchase the company's stock.
China's main stock exchange plans to launch an international board next year that would allow foreign companies to sell shares denominated in Chinese currency for the first time, a strong move to promote yuan as a more global currency, local news said.
Senior officials from Apple Inc had begun negotiations with China Unicom in Beijing, a source close to both sides told Netease on Monday night, noting that the iPhone 3G and iPhone 3GS will be introduced to China at the same time.
Sirius XM Radio Incon Thursday posted a second-quarter loss on debt-related charges and the auto industry slowdown, but the pay-radio operator said it sees signs of a recovery and raised its 2009 outlook for operating earnings.
Sirius XM Radio Inc posted higher quarterly revenue on Thursday, despite a reduction in subscribers, and raised its income outlook, citing cost cuts and a potential rebound in automobile sales.
U.S. retailers reported their 11th straight month of sales declines in July, as shoppers continued to search for bargains and basics in the downturn.
General Motors has made little progress in resolving the key issues holding up a sale of its Opel operations to a consortium led by Magna, the U.S. carmaker's chief negotiator on the deal said on Thursday.
Toyota Motor Corp's (7203.T) Prius hybrid was Japan's best-selling car in July for a second straight month, underscoring robust demand for fuel-efficient vehicles.
Ford Motor Co's (F.N) car venture in China sold 54 percent more Ford brand vehicles in July from a year earlier, its sales arm said on Thursday.
Germany's Volkswagen AG (VOWG.DE), Europe's biggest automaker, plans to produce 1 million vehicles in Brazil by 2012, 39 percent more than in 2008, Valor Economico newspaper said on Thursday, citing a senior company executive.
Thomson Reuters Corp reported a better-than-expected quarterly profit on Thursday, helped by cost cuts, and affirmed its 2009 outlook that revenue will grow despite tough conditions in the financial industry.
U.S. regulators said on Thursday that residential mortgage servicers dealing with first and subordinated liens on the same property must focus on getting the best overall deal for the loan's owners.
