A new General Motors emerged from bankruptcy protection on Friday -- far more quickly than most industry-watchers had expected -- as a leaner automaker pledging to win back American consumers and pay back taxpayers.
Nestle's bottled water business is eyeing acquisitions in emerging markets to help end a slump which has made it the worst performer in the food giant's sales, Nestle Executive Vice-President John Harris said.
The traditional media industry may be under fire as the weak economy crushes advertising spending, but companies and investors are scrambling to stake out territory in the new world of mobile content.
German-based retailer giant Metro Group will invest 80 million euros ($112.3 million) in China to open four more stores there this year, Tianle Cai, chief executive of Metro China, announced on Thursday.
General Motors Co. emerged from bankruptcy today, with chief executive officer Fritz Henderson saying the top priorities for the company will be “customers, cars, and culture.â€
Bob Lutz will “un-retire,†Henderson said, saying he has decided to return, working on creative design, brands, marketing and advertising at the company. He will report to Henderson.
A Chinese steel executive detained along with four Rio Tinto employees is being investigated for leaking China's bottom line on iron ore prices, a source with knowledge of the probe said on Friday.
'New GM' may launch today, Officials to meet with detained Rio exec, Small-Cap earnings
Anglo American Plc appointed veteran industrialist John Parker as chairman on Friday, moving to bolster its leadership as it seeks to fend off an unwanted merger proposal by rival Xstrata Plc .
General Motors on Friday prepared to exit bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure.
Media executives were unusually somber at their annual retreat in Sun Valley, Idaho this week, with News Corp Chief Executive Rupert Murdoch surprised at what he described as the very bearish mood.
Private equity firm Cerberus is to place investors seeking withdrawals from one of its hedge funds into a special purpose vehicle which would make cash distributions over time, a source familiar with the contents of a recent investor letter said on Thursday.
At least six potential suitors including TRW Automotive Holdings have considered bidding for Delphi Corp, as the deadline for offers on the assets of the bankrupt auto parts maker approached, sources briefed on the matter said on Thursday.
GM sale on track, Bearish Media execs, Chevron's currency problems
General Motors Corp prepared to announce its exit from bankruptcy on Friday after a 40-day reorganization under U.S. government backing that wiped away most of the debt and recurring costs that drove the 100-year-old automaker to crisis.
Sony Corp has no plans to buy out Ericsson's stake in their loss-making mobile joint venture Sony Ericsson, said Sony Chief Executive Howard Stringer on Thursday.
A Chinese firm started work on a copper deposit in Afghanistan on Thursday, part of a multi-billion dollar project and the first major foreign investment of its kind in Afghan history, an official said.
Sprint Nextel Corp said on Thursday that Ericsson would manage its network as part of a seven-year deal worth $4.5 billion to $5 billion under which 6,000 Sprint workers would move to Ericsson.
Sprint Nextel Corp said on Thursday that Ericsson would manage its network as part of a seven-year deal worth $4.5 billion to $5 billion under which 6,000 Sprint workers would move to Ericsson.
A U.S. District Court judge on Thursday denied a request by a committee of asbestos personal injury claimants to delay the sale of General Motors Corp pending its appeal.
Sprint Nextel Corp said on Thursday that Ericsson would manage its network as part of a seven-year deal worth $4.5 billion to $5 billion under which 6,000 Sprint workers would move to Ericsson.
Merck & Co Inc shares fell 3.8 percent on Thursday amid speculation its Zetia cholesterol medicine fared poorly in a clinical trial comparing it with Abbott Laboratories' Niaspan in preventing plaque build-up in arteries.
China overtook the United States as the world's biggest auto market for the first half of 2009 after June sales soared 36.5% from a year earlier, according to official data released on Thursday.
French carmaker PSA Peugeot Citroen and Japan's Mitsubishi Motors Corp denied a report on Thursday that they are working together to develop and produce parts for plug-in hybrid vehicles.
The program, which could be extended by lawmakers, is the latest of a variety of enticements offered to car buyers in the downturn.
Yang Rong, a Chinese automobile tycoon who fled the country after being accused of economic crimes, is preparing to launch an ambitious plan to make clean-tech cars in the United States, said a source.
The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the data was distorted by an unusual pattern of layoffs in the automotive industry, which amplified the decline
Venture capitalists believe the worst of the financial crisis is behind them but are not expecting a rapid recovery in initial public offerings and deals this year, a quarterly survey released on Wednesday showed.
Commodity risk management firm FCStone Group Inc swung to a quarterly loss, hurt by a bad debt provision, higher professional fees and severance charges.
China's Guilin Sanjin Pharmaceutical Co and Zhejiang Wanma Cable Co on Thursday said they would list shares on the Shenzhen Stock Exchange on Friday, the first two initial public equity offerings in the Chinese stock market since last September.
