China backed down on iron ore prices, signing up to the same 33 percent price cut agreed by Asian rivals but only for a six-month period rather than a full year, the China Business News said on Wednesday, citing informed sources it did not name.
Four employees of global mining giant Rio Tinto in Shanghai have been detained by Chinese authorities, the firm said on Tuesday.
Alcoa Inc , whose results are traditionally viewed as an indicator of the country's economic health, is expected to post a third consecutive quarterly loss this week.
Alcoa Inc , whose results are traditionally viewed as an indicator of the country's economic health, is expected to post a third consecutive quarterly loss this week.
Australian packaging group Amcor Ltd is nearing a purchase of some of Rio Tinto Ltd's assets, sources said, in a deal that could be valued at up to $2.4 billion.
U.S. auto parts maker Lear Corp filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors.
Greenbrier Cos Inc said key customer GE was in breach of its contract obligations for taking fewer railcar deliveries, and added that it would stop production at a Mexico facility and furlough 550 more workers.
Storing and sharing real estate documents on the Internet translates into higher productivity and better customer service.
Hospitals' White House Deal; Rio team arrested in China; Opel's possible role on Mainland
New York City is taking specific steps to strengthen its media sector through job creation as the industry suffers through an ongoing economic slowdown, Mayor Michael Bloomberg said today.
General Motors Corp asked a federal bankruptcy court on Tuesday for permission to drop 38 U.S. dealers who have rejected the automaker's offer of a payout to wind down their operations.
PARIS - French carmaker PSA Peugeot Citroen said sales of vehicles and knocked-down kits fell 14 percent in the first six months of the year.
Tribune Co has agreed to terms for the sale of the Chicago Cubs to a group led by private equity investor Marc Utay, giving the company two offers to submit to the bankruptcy court, two sources familiar with the sale process said on Tuesday.
The European Central Bank siphoned off a record amount of overnight cash from overstuffed money markets on Tuesday, although banks continued to soak up the money it is simultaneously shovelling in over the longer term.
U.S. auto parts maker Lear Corp (LEAR.PK) filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors.
The public has dismissed Beijing Automobile Industry Corp.'s last-minute offer for General Motors' Opel business in Europe, but in fact this is not such a daft proposal.
Toyota Motor Corp said on Tuesday its vehicle sales in China in the first half of 2009 were roughly unchanged compared with a year earlier.
Home owners are choosing showers over tubs, despite the long-standing notion that it is important to have a tub for resale value.
Getting a mortgage loan these days can be a slow and frustrating experience.
America's high-end neighborhoods could feel the pain as homes linger on the market and prices slide.
Boeing Co , the world's second-largest plane maker, said on Tuesday it will pay $580 million for a plant that makes part of the fuselage of its long-delayed 787 Dreamliner.
Auto Shakeout Spreads, Boeing tries to speed 787 program, GM seeks to reject some dealers
Dutch Bank ABN Amro is in talks to sublease all of its space at the 7 World Trade Center building in New York, the New York Post said on Tuesday, citing sources.
Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort & Sons and partner RCG Longview, The Wall Street Journal reported, citing two people familiar with the matter.
Taiwan's China Development Financial Holding has sold its stake in the Taipei 101 building for an T$860 million ($26 million) profit to a unit of Ting Hsin International group, paving the way for the food company to enter the island's property market.
The U.S. office market vacancy rate reached 15.9 percent in the second quarter, its highest in four years and rent fell by the largest amount in more than seven as demand from companies and other office renters remained weak, real estate research firm Reis said Inc.
Unseasonable weather and consumers without the stimulus boost they received last year were expected to have dampened U.S. retail sales in June, analysts said.
Chinese carmaker Beijing Automotive aims to outmaneuver Canada's Magna in the race for General Motors unit Opel with an offer that foresees less state aid and fewer job cuts.
Global mining giant Rio Tinto said on Tuesday four of its employees in Shanghai had been detained by the Chinese authorities.
Saudi Aramco and France's Total signed on Tuesday 13 agreements with contractors to build a $9.6 billion joint-venture refinery in the kingdom, state news agency SPA reported.
