General Motors may soon reach a deal to sell its European unit Saab Automobile AB to Swedish supercarmaker Koenigsegg Automotive AB, according to Bloomberg, citing a person close to the situation.
Oil pipeline and storage company Teppco Partners LP said its purchased marine assets, including 19 boats and 28 barges, from TransMontaigne Product Services Inc for $50 million in cash.
Spain's telecoms watchdog CMT said on Friday that 66 percent of net new broadband customers signed up with companies other than dominant operator Telefonica between February and April.
The two founders of struggling Irish sports broadcaster Setanta are in talks with a potential investor which could prevent the group from falling into administration, a source familiar with the situation said on Friday.
Italy's founder and other shareholders said on Friday they would launch an offer to buy out and then to delist the software company, sending RGI shares up more than 2 percent.
Spain had 614,000 new homes sitting unsold at the end of 2008 -- lower than most analysts' estimates -- according to the first major survey of Europe's most over-stocked home market.
Ireland's new National Asset Management Agency would consider buying loans from Irish units of foreign-owned banks under the country's bad bank scheme, the finance ministry said on Friday.
Private equity firms are expected to bid for Goodbaby Group after its top shareholder hired Morgan Stanley to sell its stake in China's largest baby stroller maker, sources said on Friday.
Three Boston businessmen, including a member of the family that used to own The Boston Globe, have emerged as suitors for the 137-year-old daily newspaper that The New York Times Co is trying to sell, the Globe reported on Friday.
KKR Financial Holdings LLC, a debt fund managed by private equity firm Kohlberg Kravis Roberts & Co, said a debtholder swapped $3 million of convertible notes for 1.18 million shares in the company.
Contract drug manufacturer Patheon Inc posted a smaller quarterly loss on Friday as costs and restructuring expenses declined.
Global Payments Inc said it has bought the remaining stake in its British joint venture with HSBC Bank Plc for $307.7 million in cash.
General Motors is close to selling loss-making Swedish unit Saab after tiny supercar maker Koenigsegg agreed to ride to the rescue, a source familiar with the talks told Reuters.
A rejuvenated model range led by its new Golf VI hatchback helped Volkswagen outperform its competitors in May and grab more share of the world's car market, Europe's largest automaker said on Friday. Led by massive gains in Germany and China -- its two biggest markets -- group vehicle sales rose over last year's comparable month for the first time in 2009, gaining 1.5 percent t...
Dutch Philips Electronics may have to take additional measures in the next months to keep the company healthy, its chief executive told workers in an internal magazine.
The Pentagon's Missile Defense Agency has formally ended Northrop Grumman Corp's Kinetic Energy Interceptor program, once valued at $6.3 billion, despite the company's push to carry out what would have been a key test in September of the missile-defense technology.
The U.S. Senate passed legislation that would allow the the Food and Drug Administration to regulate the sale and distribution of tobacco products and prohibit misleading tobacco ads.
Ford Motor Co Chief Executive Alan Mulally said on Thursday that the U.S. economy was on the right track to begin improving in the second half of the year.
Delta Air Lines said on Thursday that it will be cutting back on its system capacity this fall, targeting money losing routes with higher fuel prices, including some non-stop routes to Asia and Europe.
The Federal Reserve must work to keep 30-year fixed mortgage rates at historically low levels for the next year or the economy will remain in recession, according to a group of chief executive officers from leading U.S. companies.
New York City plans to use more than $200 million of federal stimulus funds for Recovery Zone Facility Bonds to spur stalled industrial and commercial projects, Mayor Michael Bloomberg said on Wednesday.
The Obama administration stepped up efforts on Thursday to push for measures to tie executive pay at all publicly traded companies more closely to performance, but faced some skepticism from lawmakers.
U.S. aircraft maker Boeing has slashed its forecasts for new plane demand due to the industry downturn, and said it was focused on delivering existing orders rather than chasing new ones.
Swedish luxury carmaker Koenigsegg and Norwegian investors have struck a preliminary deal to buy General Motors' Swedish unit Saab, a source familiar with the matter said on Thursday.
U.S. retailer Macy’s Inc., which operates a chain of 840 stores nationwide, said Thursday it will open two new Macy’s stores in the Central Valley of California ahead of the holiday shopping season.
Swedish luxury carmaker Koenigsegg and Norwegian investors have signed a preliminary deal to buy General Motors' unit Saab, a source familiar with the matter said on Thursday.
Swedish luxury carmaker Koenigsegg and Norwegian investors have signed a letter of intent with General Motors' Swedish unit Saab to take over the loss-making brand, Swedish television reported on Thursday, citing unnamed sources.
Delta Air Lines Inc said on Thursday that it planned additional cuts in seat capacity this year as rising fuel prices and softer travel demand pressure business.
U.S. retail sales rose in May for the first time since January, according to a government report showing results which represent the ‘complete universe’ of over three million retail and food services firms nationwide.
India's Satyam Computer Services said on Thursday it plans to put about 7,000 to 10,000 staff on virtual pool as part of the fraud-hit outsourcing firm's strategy to manage excess staff and cut costs.
