COMPANIES

Chrysler LLC will offer new buyouts to factory workers at seven of its eight U.S. plants slated for closure under its bankruptcy plans, the United Auto Workers union said on Tuesday.

Real nonresidential construction tumbled at a record 44 percent annual rate during the first quarter, subtracting over two percentage points from real GDP. A large portion of the drop was due to a pullback in oil & gas drilling and exploration. Building activity is also winding down, particularly in office and commercial construction which includes multi-tenant retail space. The economic downturn ...

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AutoUSA, the industry's leading provider of the highest quality Internet-generated consumer leads to auto dealer's nationwide, today announced that 86 dealer clients have made this year's Ward's e-Dealer 100 list.

Europe’s largest bank, BNP Paribas Group, said on Tuesday said it has finalized acquisition to Fortis Bank with the approval of the Europe commissioner, in a deal that the biggest banking group across the Europe.

New York Times Co board member Scott Galloway said on Tuesday he did not contact Google Inc Co-founder Larry Page to try to get the Internet company to buy the newspaper publisher.

Newer technologies like electronic readers will never fully usurp demand for traditional books that offer the joy of leafing through pages on a beach, Italian publisher Mondadori's CEO said on Tuesday.

Integrity Mutual Funds, Inc., a mutual fund and financial services company, today reported a revenue drop of 46 percent for the first quarter of 2009.

Alpha Natural Resources on Tuesday said it has acquired Foundation Coal Holding for $2.0 billion, after gaining higher first quarter profit, making the company to be the third largest coal producer in America.

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.

The National Association of realtors said on Tuesday that home prices dropped in 134 out of 152 metro areas on a year-over-year basis during the first quarter of this year.

Carlos Ghosn, chief executive of both Nissan Motor Co (7201.T) and Renault SA (RENA.PA), said he would not resign as the Japanese carmaker's chief before it was once again comfortably making profits.

The Wall Street Journal off-leads and Bloomberg reports that Ford Motor Co. (F), the most robust of the Big Three, plans to issue 300 million shares of common stock in a public offering that will further distance itself from its crosstown rivals and will take advantage of an 11-week stock rally.

Angle Energy Inc said it agreed to buy certain assets within its Ferrier core area in western central Alberta for C$22.5 million in cash.

GlaxoSmithKline will take a 16 percent stake in Africa's biggest generic drug maker, Aspen Pharmacare, to expand its emerging market footprint in a deal worth 3.47 billion rand ($418 million).

U.S. auto parts maker Hayes Lemmerz International Inc (HAYZ.O) said on Monday it filed for Chapter 11 bankruptcy.

General Motors Corp. is considering all options to cut costs, even moving out of its Detroit headquarters, but no decision has been made, chief executive Fritz Henderson said on Monday.

Nissan Motor Co lost $2.4 billion in the fourth quarter amid a global slump in car sales, and forecast more losses this year as it looks to conserve cash by putting product launches and growth plans on hold.

Ford Motor Co said on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union.

Media mogul David Geffen tried to buy a stake in the New York Times Co from hedge fund Harbinger Capital Partners, but was rejected, a source with knowledge of the matter said on Monday.

The oil giant, Petrobras, on Monday said its first quarter net profits fell 20 percent or $2.83 billion as the global demand in oil slashes in the current economic downturn.

GenCorp’s Aerojet on Monday said it has launched the last STS-125 Spaced Shuttle Atlantis mission with its engines to service Hubble Space telescope and will be used for landing.

Ford Motor Co.’s need for cash to make mandatory payments scared off investors on Monday, sending shares down more than 9 percent in regular and after-hours trading.

The International Monetary Fund slashed its 2009 economic growth forecast for the Gulf region by more than half to 1.3 percent as the three largest oil-exporting economies, including Saudi Arabia, shrink in a global slowdown.

Chrysler's 16,000 salaried retirees will start their fight this week for their benefits in the automaker's bankruptcy restructuring, with the potential to create a public relations headache for the company.

Software giant Microsoft will lay off about 55 employees in India, which is one per cent of its Indian staff, the chairman of Microsoft India said on Monday.

Energizer Holdings Inc said on Monday it will sell 9.5 million shares of common stock offering to pay its newly acquired S.C Johnsons and Son Inc’s Edge and Skintimate shave business, and to pay its current debt.

General Motors Corp is open to considering moving its headquarters from Detroit, selling U.S. plants and renegotiating its restructuring plan with its major union as it heads toward probable bankruptcy, the automaker's chief executive said on Monday.

General Motors Corp is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said on Monday.