Former General Motors Corp Chairman and Chief Executive Rick Wagoner, ousted in March by the Obama administration, will voluntarily retire on August 1 with sharply reduced benefits, the company said on Tuesday.
Former General Motors Corp Chairman and Chief Executive Rick Wagoner, ousted in March by the Obama administration, will retire in August with a package worth $8.6 million in the first five years, the company said on Tuesday.
China on Tuesday denied restrictions on cooperation between domestic and foreign companies, saying the allegedly Rio spy case won't hamper iron ore talks.
Continental Airlines said on Tuesday it expects to record $44 million in special charges in the second quarter largely due to its decision last year to retire all its Boeing 737-300s and many 737-500s.
A experimental drug being developed by Roche blocks a common biological pathway linked to the spread of many cancers and has proved highly effective in mice, scientists said on Wednesday.
Users of Microsoft's Office software for Windows PCs have suffered from attacks since last week through a zero-day leak, and local newspaper in China reported on Tuesday one million Chinese suffered from the attack since June 6.
Yum Brands Inc , parent of the Taco Bell, Pizza Hut and KFC chains, said a lower-than-expected tax rate helped it report a quarterly profit that topped analysts' view, but it didn't raise its earnings outlook for 2009 and its shares fell 3.3 percent.
British Airways Plc, which is facing a tough business class market, is launching a contest to give away 1,000 round-trips starting in September.
Shares of Yum! Brands, Inc rose on Tuesday ahead of the company's second quarter earnings report to be released after the market closes. The Louisville, Ky-based firm had previously predicted that the second quarter would be its toughest of the year.
US Airways Group on Tuesday said it would reduce airport staffing by 600 jobs this fall because of weak demand for business travel and declining revenue.
Johnson & Johnson posted a 5 percent drop in second-quarter earnings on Tuesday, but profit and revenue beat analysts' forecasts thanks to surprisingly resilient pharmaceutical and consumer product sales.
China's Baosteel will raise prices of its major steel products by 9 to 13 percent next month, more than expected, a move that may suggest mills have effectively given up their battle for lower iron ore prices.
Australian Prime Minister Kevin Rudd said on Tuesday efforts to free an Australian detained in China over claims of spying took precedent over bilateral ties and he was not worried about antagonizing Beijing.
J&J beats expectations, BA seeks cash, Airline capacity more stable
Johnson & Johnson posted a 5 percent drop in second-quarter earnings, but profit and revenue beat analyst forecasts helped by surprisingly resilient pharmaceutical and consumer product sales.
Lenders to British care home operator Four Seasons Health Care have reached agreement on a debt resuctructuring deal, delaying plans to put the company up for sale.
Fortress Investment Group LLC (FIG.N) is in talks to refinance a $1.6 billion loan to Florida East Coast Industries, in which it owns both equity and debt, the Wall Street Journal reported on Monday.
The recession has more than halved the formation of new households.
Speech-recognition technology supplier Nuance Communications Inc said it acquired Jott Networks, a voice-to-text transcription service provider, to firm up the voice services portfolio of its mobile division.
New apartments put up for sale in Tokyo this year are likely be a quarter less than previously forecast and hit a 17-year low as developers struggle to make sales, a research firm said on Tuesday.
Western Gas Partners LP said it agreed to buy certain midstream assets in Utah's Uintah basin from its largest customer and parent company Anadarko Petroleum Corp for about $107 million -- financed primarily with debt.
Wuhan, Chongqing and Chengdu aren't exactly names that roll off the tongue for foreign investors in China's real estate, but these cities may offer more bang for the buck than their more-famous coastal cousins or capital Beijing.
Japanese drug and health goods maker Hisamitsu Pharmaceutical Co said on Tuesday it would buy Miami-based Noven Pharmaceuticals Inc for $430 million to expand in the United States.
Second-ranked steelmaker Nippon Steel Corp said it would resume operations at the world's biggest blast furnace as it ramps up production in response to a gradual recovery in demand, surprising some in the market.
Austrian Airlines would need fresh capital of more than 1 billion euros ($1.4 billion) if a planned takeover by German airline Lufthansa failed, Austrian Airlines' Chairman said on Tuesday.
Russia's Sberbank, a partner in the Magna-led bid for Germany's Opel, said a July 15 deadline to seal a deal for the carmaker was not firm.
President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with monthly payments, an administration official said on Monday.
Energy Resources of Australia Ltd, majority owned by mining group Rio Tinto, has posted a 44 percent rise in second-quarter uranium oxide output, but an analyst said it was lower than expected.
Sun Microsystems Inc, the computer server maker being acquired by Oracle Corp, issued a revenue forecast that fell short of Wall Street estimates.
Brazil's second-largest homebuilder, Gafisa SA, said on Monday it canceled plans to sell stock in a public offering, citing general market conditions.
