Billionaire Kirk Kerkorian, the controlling shareholder of MGM Mirage , has acquired more shares of the casino operator, according to a securities filing on Monday, and its shares rose more than 7 percent.
Lowe's Cos Inc posted better-than-expected quarterly profit on Monday as it saw some strength in outdoor projects during the spring, even as consumers still shunned big-ticket home renovations.
Technology companies are detecting signs of improvement in their industries, sending their share prices higher, but demand from consumers and corporations is uncertain.
The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp to intensify this coming week ahead of an end-of-May deadline set by the Obama administration.
Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.
Forget about bells and whistles. Asians have gone back to basics in the economic slowdown and are opting for no-frills, lower-priced products rather than brand names and items with fancy features that rarely get used.
Onyx Pharmaceuticals Inc said on Sunday it sued Bayer AG over its rights to an anti-cancer compound that it says it discovered during joint research with the German drugmaker.
Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.
General Motors' Opel unit might make cars for other manufacturers if car parts maker Magna becomes its partner, German paper Welt am Sonntag reported, citing unidentified sources close to Magna.
Kuwaiti conglomerate Al Ghanim Industries is looking at industrial acquisitions in Asia to help it diversify away from the Gulf region, where its revenues have been flat this year, the CEO said on Saturday.
Saudi Basic Industries Corp 2010.SE (SABIC) is coping better than other petrochemical companies with the global recession because Saudi Arabia will not be as badly hit, its chairman said on Saturday.
Turkish airport operator TAV said its first quarter loss increased by 12 percent to 61.9 million lira ($39 million), due partly to the cost of financing the construction of an airport in Tunisia.
The worst of the economic crisis is over and, while the situation remains fragile, there are growing signs of a recovery on the horizon, Italian economy minister Giulio Tremonti said in a newspaper interview on Saturday.
Poland's troubled listed insulin maker Bioton BOTN.WA swung to a 20 million zloty ($6 million) net loss in the first quarter due to a drop in revenues and losses at subsidiaries.
Taiwan's Fubon Financial, the island's fifth-largest financial holding firm, would be keen to take additional equity stakes in Chinese commercial banks, Chairman Daniel Tsai said.
Dubai property developer Deyaar DEYR.DU is looking to expand into five countries to tap into cheap valuations stemming from the global financial crisis, the company's chief executive said late on Friday.
Venture-capital investments have been falling in a depressed economy but this is not necessarily stifling technology start-ups, as it becomes easier to get firms off the ground without outside investment, Microsoft says.
Five months after Bernard Madoff's massive fraud was revealed, little of his victims' money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years.
In response to the federal government's stress test, SunTrust Banks Inc. released its full capital plan on Friday and will cut quarterly divided from 10 to 1 cent a share, in coincidence with its regional competitor BB&T who made a 68% dividend cut four days ago.
General Motors Corp said it would drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
Bahrain’s largest oil producer and exporter in the Middle East still looking for positive economic growth to bear fruit despite the global slowdown in commodities as it runs out of oil, said Shaikh Salman bin Hamad Al-Khalifa, CEO of Economic Development Board interviewed by CNBC during the World economic forum today.
Major League Baseball has won a patent for technology that blocked certain fans from viewing local games online, and it may open the door for the U.S. sports league to profit by licensing it to media companies.
General Motors has quietly roped off a bit of virtual real estate with an address similar to one used by Chrysler, that could serve as an information clearinghouse if GM seeks bankruptcy protection.
British Anokimobi Ltd on Wednesday unveiled the world’s first Eco-friendly, high visibility and cost efficient solar powered by the sun rays on Electro Luminescent (EL) based Technology.
General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
Struggling No. 1 U.S. trucking company YRC Worldwide Inc plans to seek $1 billion in bailout money from the Troubled Asset Relief Program to help it cover pension obligations, a move analysts say is unlikely to succeed as the company has no financial charter.
Retailers J.C. Penney Co Inc and Abercrombie & Fitch Co posted results that showed consumers were still wary about buying non-essential items.
General Motors Corp plans to drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
Abercrombie & Fitch Co. today reported a net loss of $26.8 million in its unaudited first quarter results.
