Fiat SpA closed its acquisition of Chrysler's strongest assets on Wednesday, a key step in the Italian carmaker's ambitious plan to create a global player to ride out the worldwide auto sales downturn.
The Obama administration on Wednesday named Kenneth Feinberg, the lawyer who oversaw the government's compensation fund for victims of the September 11, 2001, attacks, as its pay czar to police compensation of top earners at companies receiving exceptional government aid.
Shares of CB Richard Ellis Group rose more than 15 percent on Wednesday after the real estate investment trust announced a $550 million plan to reduce its debt, which currently stands at $2.4 billion.
Fiat SpA closed its acquisition of Chrysler's strongest assets on Wednesday, a key step in the Italian carmaker's ambitious plan to create a global player to ride out the worldwide auto sales downturn.
Liz Claiborne Inc is not expecting a return to the days of freewheeling consumer spending to lift its business, but is instead revamping operations to perform well in a cautious environment its chief executive says is the new normal.
A Royal Dutch Shell Plc gas station in Canada became the first in the world on Wednesday to fill tanks with gasoline containing biofuel made from wheat straw, Shell said.
Forzani Group Ltd's shareholders overwhelmingly approved the company's slate of directors on Wednesday, defeating a bid by a major shareholder to install its own members on the board of Canada's biggest sporting goods retailer.
J.C. Penney Co Inc is more optimistic about its fourth quarter than the rest of its fiscal year, hoping new styles and affordable prices will help it win more sales than it did in the dismal 2008 holiday season.
Shares of U.S. auto suppliers rose sharply on Wednesday as news that Italian automaker Fiat SpA had completed the purchase of Chrysler LLC's strongest assets erased fears that the U.S. car maker could face liquidation if the deal did not go through.
U.S. demand for residential solar power installations is surging despite an economic recession, thanks to government financial incentives, some easing in credit availability, and increasing public recognition of its environmental benefits, industry executives said on Tuesday.
“The worst is to come” as commercial mortgage defaults will rise in the two or three years after the current economic slowdown ends, the chief investment officer at U.S. insurer and financial services provider Metlife Inc said on Wednesday, according to Bloomberg.
Home Depot Inc raised its 2009 profit forecast as the biggest home-improvement chain said Wednesday it sees better margins this year through improved efficiencies.
Upmarket online fashion retailer Net-A-Porter.com reported a more than 230 percent rise in 2008 profit after developing strong relationships with luxury fashion houses and new and existing clients.
Procter & Gamble Co said on Wednesday that Robert McDonald would become its next chief executive, while A.G. Lafley remains chairman as the world's largest consumer products maker navigates through the global downturn.
Chrysler LLC completed the sale of its strongest assets to a group led by Fiat SpA on Wednesday, reviving the 84-year-old automaker that was down to its last dollars and facing liquidation late last year.
Procter & Gamble Co's incoming chief executive may need to call on his West Point training as he tries to lead the consumer products maker through a time when shoppers are increasingly thrifty.
Russia will reduce the share of U.S. treasuries in its forex reserves, the world's third-largest, a senior central bank official said on Wednesday, driving the dollar broadly lower.
Home Depot Inc said earnings could be flat this year, rather than falling as it previously forecast, saying the worst of the U.S. housing correction had passed.
Never an easy market for premium car makers, Japan has become an even tougher battleground after a green tax incentive introduced in April left all foreign car brands neatly outside the fence.
China will overtake Italy as the second-biggest market behind the United States for iconic sportscar maker Lamborghini within three to five years, the group's chief executive said on Wednesday.
Jerry York, a former board member of General Motors Corp (GMGMQ.PK) and an executive at Chrysler two decades ago, said on Tuesday the bankruptcies for the two automakers were
Italian car maker Fiat SpA was set to close its takeover of Chrysler on Wednesday in an ambitious move to survive and grow out of one of the worst crises in global auto industry.
Home Depot Inc raised its 2009 profit forecast and stood by its sales expectations on Wednesday ahead of a meeting with analysts and investors, sending its shares up nearly 4 percent.
While General Motors filed for bankruptcy protection in the United States, GM's joint venture in China SAIC-GM-Wuling' sales exceeded 100,000 in May, topped among the Chinese car companies' sales in a single month.
China's pursuit of mega-sized deals with global leaders in strategic industries will slow as Beijing recovers from Anglo-Australian miner Rio Tinto's stunning rejection of a $19.5 billion tie-up with state-owned Chinalco.
Indian shares rose 2.25 percent on Wednesday to its best close in 10 months, as markets across Asia and Europe were boosted by cash-flush investors buoyed by signs of revival in global economic growth.
More than nine out of 10 U.S. retailers say they have had merchandise stolen by well-organized crime rings, according to a new report from a leading trade group.
Italian car maker Fiat SpA was set to close its takeover of Chrysler on Wednesday in an ambitious move to survive and grow out of one of the worst crises in global auto industry.
The U.S. Supreme Court on Tuesday cleared the way for the sale of Chrysler LLC to Italy's Fiat, while General Motors began to revamp its widely criticized board by naming former AT&T Inc chief executive Ed Whitacre as chairman.
The Supreme Court on Tuesday cleared the way for the U.S. government-backed sale of Chrysler LLC to a group led by Italian carmaker Fiat SpA, a victory for the bankrupt automaker and the Obama administration.
