Creditors of Chrysler have asked a bankruptcy court to allow them to sue Daimler AG (DAIGn.DE), arguing that the 2007 sale of the U.S. automaker stripped it of its most valuable assets.
The U.S. Senate will approve a $2 billion extension of the
Ford Motor Co (F.N) of Canada was the country's top-selling automaker for a second month in a row in July, when sales jumped more than 47 percent from a year earlier even as its main rivals recorded another month of declines.
Brilliance Auto, BMW's (BMWG.DE) partner in China, is preparing to ship its BS4 Wagon, designed in-house, to Europe after testing the waters there with two mid-sized sedans, company executives said on Wednesday.
Procter & Gamble Co posted an 18 percent drop in fourth-quarter profit as sales fell more than expected, and the company's shares slipped 2 percent even though it stood by its 2010 profit forecast.
Toshiba Corp's loss-making LCD unit will invest in a joint venture in China to tap growing demand for mobile phone displays and offload equipment as it shifts its focus in Japan to high-resolution products.
India's Bharti Airtel plans to bid for telecom operator Millicom's Sri Lankan mobile network, the Economic Times said on Wednesday, citing two executives familiar with developments.
Apple attempted to silence a father and daughter with a gagging order after the child's iPod music player exploded and the family sought a refund from the company, The Times reported on Monday.
The board of General Motors Co endorsed the automaker's direction and the focus of management after the first meeting of directors since GM emerged from a U.S. government-financed bankruptcy last month.
Kraft Foods Inc reported a higher-than-expected 11 percent rise in quarterly profit and raised its full-year forecast as the largest North American food maker benefits from price increases, cost cuts and people eating more meals at home.
Yum! Brands' Taco Bell division will revamp its website and digital marketing, announcing on Tuesday it has hired its first digital agency to take on those tasks.
Whole Foods Market Inc on Tuesday posted third-quarter earnings that beat Wall Street's expectations, as sales rose, and the seller of organic and gourmet food items raised its full-year earnings forecast.
The U.S. government's Cash for Clunkers program has boosted the U.S. auto sales to the highest level of 2009 in July, which is surprising success to both car dealers and the government.
Pony Inc. on Tuesday said it dismissed its trademark infringement suit against competitor Nike Inc.
Britain is aiming to replace short-haul aviation with high-speed rail travel and plans for such a network are well advanced, Transport Secretary Andrew Adonis told the Guardian newspaper.
Fast-food chain operator Jack in the Box posted an adjusted quarterly profit that beat Wall Street estimates as price increases and lower commodity costs helped offset a drop in sales.
The U.S. Senate will approve a $2 billion proposal to extend the cash for clunkers auto sales incentive by week's end, the Senate Democratic leader said on Tuesday.
Sirius XM Radio shareholders may sense better days ahead, fueled by optimism about new revenue streams, the launch of its iPhone software and the cash for clunkers car buying program.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
Richard Santulli, the chairman and chief executive of Berkshire Hathaway Inc NetJets Inc and long considered a possible successor to Warren Buffett, has stepped down, effective immediately.
CVS Caremark Corp has the ability to make more acquisitions, but Chief Financial Officer Dave Rickard would not say whether his company wants to buy Aetna Inc's pharmacy benefit management business.
PepsiCo Inc agreed to buy bottlers Pepsi Bottling Group Inc and PepsiAmericas Inc in a sweetened $7.8 billion deal, after a decade of operating as separate companies, as it seeks to cut costs and boost profits in North America.
Whole Foods Market Inc on Tuesday posted third-quarter earnings that beat Wall Street's expectations, as sales rose, and the seller of organic and gourmet food items raised its full-year earnings forecast.
NetJets Inc, the fractional aircraft ownership firm, announced on Tuesday that its Chairman, chief executive and founder Richard Santulli is resigning.
Kraft Foods Inc posted higher-than-expected quarterly profit on Tuesday as price increases, cost cuts and people eating more food at home helped boost results.
Whole Foods Market Inc on Tuesday posted third quarter earnings that beat Wall Street's expectations, as sales rose, and the seller of organic and gourmet food products raised its full-year earnings forecast.
Consumer spending continues to decline, as rising unemployment and a prolonged recession force consumers to cut back.
The real estate investment arm of U.S. bank Morgan Stanley (MS.N) aims to sell a Shanghai office building for around 2.5 billion yuan ($366 million) to a Hong-Kong-listed developer, sources said on Tuesday.
Signs of recovery in the U.S. housing market and growing demand for wood as an energy source could herald a recovery in demand for forestry products, a United Nations agency said on Tuesday.
General Motors and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said on Tuesday.
