Italian bank UniCredit signed a deal with conservation group WWF on Wednesday to slash its carbon dioxide emissions by 30 percent by 2020, and provide green loans to boost energy efficiency in homes and businesses.
Ford Motor Co on Wednesday unveiled a $550 million investment to convert an SUV plant near Detroit to build a new generation of Focus small cars next year and a battery-electric Focus in 2011.
A U.S. bankruptcy judge has approved bidding procedures for the rapid sale of most of bankrupt vehicle maker Chrysler's assets.
President Barack Obama and Democratic lawmakers reached agreement on Tuesday on a legislative proposal designed to stimulate U.S. auto sales, which have fallen to near 30-year lows.
Adecco , the world's biggest staffing firm said on Wednesday it was bracing for challenging conditions in the short term as it posted an 83 percent drop in first-quarter net profit, beating forecasts.
Wal-Mart , the world's top retailer, said on Wednesday it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.
Sweden's Saab Automobile, owned by ailing U.S. auto maker General Motors , would welcome talks with Italy's Fiat about a takeover, Saab said on Wednesday.
U.S. supermarket chain Wal-Mart has entered China's convenience store market by opening three shops in the southern city of Shenzhen, a company official said on Wednesday.
Walt Disney Co is developing an Internet subscription service and may consider trimming studio output, executives said on Tuesday after the division posted a 97 percent decline in operating income.
A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
General Motors Corp on Tuesday detailed plans to all but wipe out the holdings of remaining shareholders by issuing up to 60 billion new shares in a bid to pay off debt to the U.S. government, bondholders and the United Auto Workers union.
A small group of Chrysler's lenders who have objected to the Obama administration's plan for a quick dash through bankruptcy must identify themselves, in spite of death threats, a U.S. judge ruled on Tuesday.
NEW YORK (Reuters) - Broadcom Corp's (BRCM.O) $764 million bid for Emulex Corp (ELX.N) turned hostile on Tuesday as the chipmaker took its offer directly to Emulex shareholders at the same price that the company had rejected.
NEW YORK - U.S. President Barack Obama's administration issued a draft rule on Tuesday aiming to cut greenhouse gasses emitted by biofuels but confirming his predecessor's target for production of corn-based ethanol.
FRANKFURT - The senior labor leader of German carmaker Opel (GM.N) warned that Fiat's (FIA.MI) ambitious growth strategy was an all-or-nothing bet, rejecting the Italian rival's takeover concept for the GM Europe brand.
GM General Motors Corp. says it may offer current shareholders a reverse stock split where they would receive one share of new stock for every 100 shares they currently own.
Atlas Air Worldwide Holdings Inc on Tuesday said its first quarter revenue fell deeply due to deconsolidation of Polar Air Cargo eliminates losses on fuel and yield risk level from its core business.
Microsoft Inc, which just releases its Windows 7 software, sees more cut job and layoff, according to the CNET report.
A small group of Chrysler's lenders on Tuesday raised further objections to the Obama administration's plan for a quick dash through bankruptcy and called on the judge overseeing the case to block the effort.
Thresher Industries, Inc., a manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced this afternoon that it is developing a broad array of high-strength, cast aluminum components designed to help build cleaner, energy efficient vehicles. Thresher’s proprietary, biodegradable processes have already been successfully used in products for Chevrolet, Chrysler,...
Top chief executives still expect the U.S. economy to remain mired in recession through 2009 but their confidence in the likelihood of a recovery next year is on the rebound thanks to growing optimism about their own businesses.
RBS on Tuesday said its Board Finance Director Guy Robert Whittaker will leave the bank later this year.
Total construction spending increased 0.3 percent in March, far exceeding expectations. Residential construction spending fell 4.1 percent. Nonresidential construction spending rose 2.0 percent on the month driven by lodging, power and manufacturing. However, the gain is not expected to stick. Nonresidential will likely post declines well into 2010.
Kraft Foods Inc posted a higher-than-expected first-quarter profit helped by price increases, cost-cutting measures and consumers eating at home more often to save money.
General Motors on Monday said it will proceed to sell its Saturn unit, in a secured agreement with a specific buyer later this year, which has 400 retailer locations in the U.S. and Canada.
Last month in a Boston foreclosure sale, John Hancock Tower Lenders Took, a 65% Haircut In 3 Years . Boston is back in the news today with another foreclosure auction. This time it's condo related, with Chorus Bank in the thick of things.
America's premier drugstore, Walgreen Co on Monday said its April sales rose 11.1 percent to $5.3 billion from $4.8 billion same period a year earlier, however shares fell to 0.29 percent.
Chrysler asked the U.S. Bankruptcy Court on Monday for a swift hearing into its planned sale to Italy's Fiat SpA, eliciting immediate objections from some secured lenders.
PepsiCo not just into Pepsi Bottling interest, shares fell
Pepsi Bottling Group Inc on Monday said shares fell after it rejected a PepsiCo offer to acquire outstanding shares in common stock on inadequate value and not in the best interest of the company and its stockholders.
