General Motors Corp said it burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a sharp decline in global sales that overwhelmed its cost-cutting efforts.
ST-Ericsson expects its current efforts to cut costs to be completed by the end of the second quarter of 2010, according to Alain Dutheil, head of the venture of STMicroelectronics NV and Ericsson.
Growing demand, cheaper financing and wider participation are expected to double the volume of asset-backed securities issuance in the upcoming round of the Federal Reserve's TALF program in June.
Dreaming of a tropical paradise to call your own? Several Australian islands off the Great Barrier Reef are on sale, and thanks to the global recession, they're cheaper than they used to be.
Interest rates on U.S. 30-year fixed-rate mortgages rose 0.06 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac.
General Motors Corp said it burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a sharp decline in global sales that overwhelmed its cost-cutting efforts.
U.S. airlines saw a steep decline in the number of passengers they carried in April, but planes were more full, a sign that steep capacity cuts may be serving their intended purpose.
U.S. car maker General Motors Corp could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
Unilever's new star Paul Polman added sparkle to its shares on Thursday by outlining his plans to reignite volume growth and change the way executives are rewarded at the underperforming consumer goods giant.
General Electric Co said on Thursday it plans to invest $6 billion by 2015 to lower the cost of healthcare, in a push the U.S. conglomerate is calling Healthymagination.
NEW YORK - U.S. retailers reported better-than-expected monthly sales figures for a second straight month in April, offering fresh evidence that consumers' willingness to spend is warming up with the spring weather.
Chrysler chief executive Bob Nardelli praised a court decision that opens up the way for the bankrupt firm to sell its assets, creating an alliance with Fiat SpA.
Warner Music Group on Thursday posted a wider quarter loss as recorded music sales declined more than expected.
Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
General Motors Corp said it burned through $10.2 billion in the first quarter as it failed to cut costs fast enough to offset a sharp decline in global sales and was kept afloat by a federal bailout.
Anheuser-Busch InBev beat forecasts with stronger first-quarter earnings and clinched the sale of its Korean brewer on Thursday, sending its shares higher, though it warned profit growth would slow.
U.S. car maker General Motors Corp is eyeing a stake in Fiat SpA's car business in exchange for its European and Latin American operations, the New York Times reported on its website.
Anheuser-Busch InBev said it agreed to sell its South Korean Oriental Brewery to private equity firm Kohlberg Kravis Roberts & Co for $1.8 billion, allowing the world's largest brewer to repay debt.
British bank Barclays Plc said first-quarter profit rose 15 percent as strong growth at its investment banking arm made up for a big jump in bad debts as economies worsen, sending its shares to a seven-month high.
Societe Generale slumped to a surprise loss in the first quarter as higher-than-expected writedowns and provisions hit the bank's earnings.
Chrysler chief executive Bob Nardelli praised a court decision that opens up the way for the bankrupt firm to sell its assets, creating an alliance with Fiat SpA.
Burger King has entered into a partnership with Viacom’s Paramount Pictures to market three movies from the studio this summer, the firms announced this week.
The Boston Globe's biggest union reached a tentative accord on Wednesday with owner New York Times Co to secure the money-losing newspaper's survival after a month of intense negotiations.
News Corp posted a 47 percent drop in operating income on Wednesday as advertising revenue declined, but Chairman Rupert Murdoch said the worst effects of the recession are behind the media company.
General Motors Corp is expected to report a deep loss on Thursday for the first quarter in its last earnings report before the deadline for a restructuring that would wipe out current shareholders.
Rupert Murdoch's News Corp posted a 47 percent drop in operating income on Wednesday because of falling advertising revenue at its television stations, newspapers and other businesses.
Rupert Murdoch's News Corp posted a 47 percent drop in operating income on Wednesday because of falling advertising revenue at its television stations, newspapers and other businesses.
Ford Motor Co's restructuring is on track and the automaker has sufficient liquidity to fund the plan, which includes converting plants and investing in future products, company executives said on Wednesday.
Oil production in the Gulf of Mexico, which produces about 25 percent of domestic oil production and 15 percent of natural gas output, could boom more than 1.8 million barrels per day by 2013, according to the government research, however its natural gas will likely to decrease.
U.S. mortgage applications rose last week even as interest rates jumped to their highest levels since mid-March, data from an industry group showed on Wednesday.
