The value of good farmland in several U.S. Midwestern states fell by a
Small, nimble retailers are taking advantage of the recession and larger rivals' woes as they move into abandoned U.S. store fronts with short-term leases negotiated at a discount.
General Motors Corp restructuring efforts are likely to go right up to the June 1 deadline set by the Obama administration, but not beyond, a White House economic adviser said on Friday.
Magna International emerged on Friday as the early favorite to acquire General Motors unit Opel after German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat and RHJ .
GMAC LLC, which is giving the U.S. Treasury Department a 35.4 percent equity stake, said on Friday it might take 17 years for the government to shed its investment if the auto and mortgage lender were to go public.
Canada's Sino-Forest Corp said on Friday it increased its bought-deal offering size by C$38.5 million to $330 million by selling more shares to the underwriters.
Vietnam's Sacombank STB.HM, 10 percent owned by Australia's ANZ, said on Friday its January-April gross profit fell 8.4 percent to 491 billion dong ($27.6 million).
British bank Barclays has sidelined private equity houses bidding for iShares, its exchange-traded fund unit, and is looking to sell its entire asset management arm instead if offers approach $12 billion.
Business software maker American Software Inc offered to buy the remaining outstanding shares of Logility Inc that it does not already own for $7.02 per share in cash through a tender offer.
The head of the Russian deposit insurance agency head said on Friday the share of non-performing loans may climb to 20 percent by the end of 2009 -- the gloomiest forecast from officials to-date.
Freddie Mac, one of the largest providers of funding for U.S. housing, is set to break ground on its first bond backed by commercial mortgages, a source familiar with the offering said on Friday.
Leading flat-screen TV makers, whose sales are holding up even in the global downturn, are placing bets on TVs using light-emitting diode (LED), hoping the slimmer, more power-efficient sets help them fight falling prices and expand their market shares.
EBay has won a UK court battle against French cosmetics group L'Oreal, which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.
The premier of Opel's home state of Hesse said on Friday that Canadian-Austrian group Magna's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was a disappointment.
British-based drug company GlaxoSmithKline is battling the U.S. Internal Revenue Service over a potential $1.9 billion in back taxes, interest and penalties.
The Obama administration has no plans to push General Motors Corp into bankruptcy next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.
The U.S. Treasury Department has no plans to push General Motors Corp into a bankruptcy filing next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.
The U.S. Treasury Department has no plans to push General Motors Corp into a bankruptcy filing next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.
The Obama administration is preparing to steer General Motors Corp into bankruptcy next week, The Washington Post reported on Thursday, citing sources familiar with the discussions.
The Obama administration may send General Motors Corp. into bankruptcy next week, giving the company billions of dollars in bailout funds to re-emerge as a viable firm, sources familiar with the matter told the Washington Post.
Gap Inc., the apparel company that owns Gap, Old Navy and Banana Republic posted a profit of $215 million, down 14 percent from a year earlier.
General Motors Corp cleared a key obstacle in its restructuring on Thursday as the United Auto Workers agreed to cut labor costs and accept new terms for a $20 billion union retiree healthcare obligation.
Cisco Systems Inc has completed purchase of Flip digital camcorder-maker Pure Digital Technologies on Thursday, making a further step to be a major player in the consumer electronics market.
U.S. manufacturers and retailers that get products or components from China are increasingly concerned about quality, intellectual property and rising costs in China, and more are looking at alternate sites, according to a study published on Thursday.
General Motors Corp and the United Auto Workers have reached an agreement on contract changes and restructuring $20 billion in debt owed to a trust fund for retiree healthcare, the union said on Thursday.
Suntech Power Holding Co on Thursday saw its shares fall 7.8 percent after it posted a first quarter net loss of 96 percent.
General Motors Corp and the United Auto Workers have reached an agreement on contract changes and restructuring $20 billion in debt owed to a trust fund for retiree healthcare, the union said on Thursday.
Fiat SpA's chief executive sees his company in pole position to win in the race for Opel but a German magazine said parent company General Motors favored other bidders over the Italian carmaker.
A report by a leading proxy advisory firm that sided with activist hedge-fund manager William Ackman in his attempt to win seats on Target Corp's board contains statements that are inaccurate or misleading, the discount retail said.
Freddie Mac investors have filed expanded court claims accusing the mortgage finance company and three former executives of committing fraud by misleading them about risky loan practices and manipulating financial results.
