Bharti Airtel, India's leading telecoms firm by subscribers, hopes to double customers to 200 million within three years, its chairman said, adding any acquisition would see it reach the target even faster.
McAfee Inc, the world's No. 2 security company, said on Friday it will buy privately held SolidCore Systems Inc, a maker of programs to protect automated bank tellers and other specialized computers.
General Corp. dealerships are waiting to hear if they are among the 1,100 shops the company plans to shed.
Honda Motor Co's earnings will hit bottom this year and improve beyond that as demand in the United States returns in the second half, the Japanese automaker's chief executive said on Friday.
General Motors Corp on Thursday said that if it files for bankruptcy it would most likely pursue a quick sale of its best assets out of court protection similar to the process now reshaping Chrysler LLC.
No. 1 U.S. trucking company YRC Worldwide Inc plans to seek $1 billion in federal bailout money to help it cover its pension obligations, a spokeswoman said on Friday.
J.C. Penney Co Inc warned that it expects consumer spending to stay weak and forecast second-quarter and full year results below Wall Street's expectations, sending its shares down 3.8 percent before markets opened.
Under the direction of the U.S. Treasury, General Motors Corp is close to a deal with the United Auto Workers that would cut its hourly labor costs by more than $1 billion a year, the Wall Street Journal said, citing people familiar with the matter.
Representatives from Opel's 4,000 dealers in Europe are expected to vote in favor of taking a direct equity stake in the ailing German carmaker when they meet in Vienna on Friday.
Fashion chain Hennes & Mauritz said sales rebounded at a faster rate than expected in April as the retail bellwether ended eight months of declines, adding to signs of a tentative recovery in consumer spending.
Fashion retail giant Hennes & Mauritz reported on Friday a slightly bigger than expected 8 percent year-on-year rise in sales at established stores in April as spring purchases finally took off.
Blockbuster Inc posted lower first-quarter profits, citing weak DVD titles and competition from a strong box office, and warned that same-store sales would continue to be lower in 2009. Its shares slid over 23 percent in after-hours trade.
Kohl's Corp and Nordstrom Inc beat quarterly profit estimates and raised their 2009 earnings views, defying a still precarious environment for department stores in which both well-to-do and budget shoppers are paring back.
Nike Inc , the world's largest maker of athletic shoes and apparel, will slash 5 percent of its 35,000-strong global workforce, or 1,750 jobs, in the largest headcount reduction in the company's history.
(Correcrts third paragrah to indicate approximately 6,800 workers are at headquarters)
General Motors Corp said on Thursday night it would most likely pursue the same legal strategy as Chrysler if it spirals into bankruptcy, while Chrysler unveiled details for slashing its dealer network.
Vornado Realty Trust’s Michael Fascitelli has officially taken on chief executive officer role after a vote by the firm’s board. Fascitelli, 52, succeeds Steven Roth, 67, who retains the Chairman title.
Blockbuster Inc posted lower first-quarter earnings but beat expectations as the top U.S. movie rental chain reined in spending.
Upscale department store chain Nordstrom Inc posted on Thursday a 32 percent drop in quarterly net profit that was above Wall Street's estimates and raised its 2009 profit outlook, sending its shares up nearly 4 percent.
Top U.S. movie rental chain Blockbuster Inc posted lower first-quarter profits on Thursday and warned that same-store sales would continue to be lower in 2009, but said it was still comfortable with its prior full-year outlook.
Nike Inc will slash 5 percent of its 35,000-strong global workforce in a sweeping overhaul to boost competitiveness.
With the recession hitting the retail industry hard, an increasing number of retailers are now offering discount codes to consumers to differentiate themselves from High Street retailers and attract more customers, according to voucher code website.
The map below demonstrates the chickenpox impact that just the initial round of Chrysler dealer shutdowns will have on the US economy. As is evident from the map (an interactive version of the map can be accessed here), the pain will be focused east of the Rockies, although major West Coast metropolises will not be spared either: every dot represents an automotive dealer that Chrysler disclosed to...
U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.
Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms while rival Ford Motor Co assured investors it is on track to at least break even in 2011 without seeking any U.S. government aid.
Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms and is seeking permission from a U.S. bankruptcy court to terminate franchise agreements.
Ford Motor Co's restructuring is on track to bring a profit as soon as 2011, without the need for emergency government bridge loans, executives told stockholders on Thursday at the automaker's annual meeting.
It was relatively easy for the Obamastration to dispense with a band of rogue hedge funds that were worrying the impending Chrysler-Fiat alliance. Once the names of the holdout creditors were made public, their revolt was crushed by public opinion. They used to be so, so cool, but we all hate hedge funds now.
The U.S. Treasury Department on Thursday announced changes to encourage mortgage lenders to slash loan payments in the worst-hit markets and use so-called short sales to extract troubled home owners from unaffordable mortgages.
A proposed alliance between AMR Corp's American Airlines and British Airways would create a monster monopoly, British entrepreneur Richard Branson said on Thursday.
