COMPANIES

McDonald's Corp on Monday reported a 5.1 percent increase in May sales at restaurants open at least 13 months, on strong demand in Europe and Asia/Pacific.

Indiana pension funds and consumer groups asked the U.S. Supreme Court on Sunday to stop the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Global airlines are likely to lose $9 billion this year, the International Air Transport Association said on Monday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the industry.

Global airlines are likely to lose $9 billion this year, the International Air Transport Association said on Monday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the industry.

U.S. food maker General Mills Inc said it expects fiscal 2009 earnings to exceed its prior profit outlook by several cents, due to a good operating performance and a lower quarterly tax rate.

Indiana pension funds and consumer groups asked the U.S. Supreme Court on Sunday to stop the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Global airlines are likely to lose $9 billion this year, the International Air Transport Association said on Monday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the industry.

Home Depot's stock price looks like a bargain as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.

Home Depot's stock price looks like a bargain as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

Indiana pension funds asked the Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

Indiana pension funds asked the U.S. Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.

Tech Mahindra revises Satyam open offer India’s Tech Mihandra, which has 31 percent stake of fraud-hit Satyam Computer Services Ltd on Friday said its Rs. 1,154 billion or $231 million additional open offer of a 20 percent stake to its shareholders approach will be move on June 9 from the earlier schedule of June 3. However, Dates for all other activities of the schedule remain unchanged, the filing said.

Nearly one in four U.S. homes for sale on June 1 had their prices sliced at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday.

Deutsche Bank's (DBKGn.DE) Chief Executive Josef Ackermann said the global economic crisis was likely to persist and that a recovery depends on an improvement in the U.S. real estate market.

American International Group Inc has picked a group that includes private equity firms Onex Corp and Greenbriar Equity Group as the preferred bidder for its aircraft leasing unit, a source familiar with the situation said on Friday.

Merck & Co Inc, in the latest disappointment for its roster of experimental drugs, said on Friday its high-profile drug meant to treat heart failure missed goals of a pivotal late-stage study.

Norilsk Nickel returned to profit in the first half of 2009 after its first ever loss last year, and the world's largest nickel miner is looking to acquire a core asset in Russia, its CEO said.

Signs emerged on Friday that Canada's Magna could face challenges to its deal for GM's European unit Opel as Fiat SpA said it was still interested and Germany invited rival bidders to improve their offers.

Penske Automotive Group, Inc – a U.S. auto retailer and franchiser - has reached a preliminary agreement to obtain the Saturn auto brand from bankrupt automaker General Motors Corp, the companies said Friday. Financial details were not disclosed.

Wal-Mart Stores Inc's announced a new $15 billion share repurchase plan on Friday and said market share gains it has made amid the recession are permanent as a new normal emerges in which consumers seek to save money.

General Motors Corp has reached a preliminary agreement to sell its Saturn brand to Penske Automotive Group in a deal that could preserve more than 350 dealerships and 13,000 jobs, the companies said on Friday.

General Motors Corp has reached a preliminary agreement to sell its Saturn brand to Penske Automotive Group in a deal that could preserve more than 350 dealerships and 13,000 jobs, the companies said on Friday.

Wal-Mart Stores Inc.’s board of directors has approved a new $15 billion share repurchase program, the firm announced Friday.

Wal-Mart Stores Inc's annual meeting got under way on Friday amid raucous cheers as the world's largest retailer celebrates the gains it has made expanding its business despite a global economic downturn that has roiled competitors.

Rio Tinto dumped plans for a landmark investment from China on Friday, opting instead to raise $21 billion through a rights issue and a joint venture with one-time suitor BHP Billiton.

Wal-Mart Stores Inc's annual meeting got under way on Friday amid raucous cheers as the world's largest retailer celebrates the gains it has made expanding its business despite a global economic downturn.

A little-known Chinese heavy machinery maker could face a bumpy road ahead in its quest to buy General Motors' Hummer brand, facing pitfalls ranging from regulatory to financing issues.