Fiat SpA's chief executive visits Berlin on Monday to try to convince Germany's political leaders to sign up to his vision for a new European car giant by letting him take over General Motors Corp's Opel unit.
A Sunday midnight deadline to get concessions from The Boston Globe's unions to keep the U.S. newspaper alive passed without word from parent company New York Times Co or the unions.
Sergio Marcionne, the chief executive of Fiat SpA, will unveil his plans on Monday to spin off the firm’s autos division and join it with GM Europe to create a new publicly traded European car company.Fiat chief seeks to combine Fiat Auto, GM Europe, Chrysler: report
Warren Buffett attacked the government's stress tests of 19 large U.S. banks, saying they failed to properly assess the industry's health, and that he would buy more shares in three big banks Berkshire Hathaway Inc already owns.
The leaders of some of the UK's largest companies have started a revolt against the third runway at Heathrow, citing responsible citizenship, media reports said.
Italy's Fiat SpA could seek a merger of its auto group with General Motors Corp's Europe unit, then spin off the combined company and list it, Fiat said on Sunday.
The Boston Globe has extended its deadline till midnight on Sunday for the unions to make $20 million in concessions in order to save the paper, a statement issued Saturday morning at 1am said.
Chrysler LLC will ask its bankruptcy judge tomorrow permission to sell of most of its assets by May 22, a person familiar with the matter told Bloomberg.
Warren Buffett is fond of newspapers -- he reads five a day -- but the billionaire investor warned shareholders of his Berkshire Hathaway Inc that the reeling industry may never recover because it lacks a sustainable business model.
Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession hurt many of the company's businesses and investments.
Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession weighed on many of the company's businesses and investments.
Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, said the carmaker will not be sold to Volkswagen .
Delta Air Lines Inc., Continental Airlines Inc., United Airlines and US Airways Group Inc. have each cut flights to Mexico following a reduction in demand due to the swine flu outbreak.
Warren Buffett acknowledged on Saturday that his Berkshire Hathaway Inc will probably lose money on some of the derivatives contracts that have prompted some to speculate that the world's most famous investor has lost his touch.
A group of three motivators, whose work includes executive coaching, business management consulting and formulating creative approaches for changing organizations, weighed in on a discussion topic asking if the negative perceptions some Americans have about chief executive officers as being greedy and incompetent is fair and when the CEO label can stop being a “dirty word.”
Formula One could live without Ferrari if they were to walk away in protest at the introduction of a budget cap, according to International Automobile Federation (FIA) president Max Mosley.
DAKAR - Senegal has abandoned a planned share sale that would have handed majority ownership of state telecoms company Sonatel to France Telecom, government and union officials said on Friday.
Vanessa Baug knows as well as anyone how the recession has ushered in a new era of frugality for Americans. Sales at her once-thriving jewelry store have plummeted. Some days she sells nothing.
By one measure, Warren Buffett is coming off his worst year ever. But by another measure, the investor may be more popular than ever.
Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.
Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.
U.S. Airways, Continental Airlines and United Airlines parent UAL Corp temporarily cut service to Mexico on Friday, citing lower demand for flights to the country hardhit by a flu outbreak.
Fiat's lifeline to Chrysler has cast it in the unlikely role of saviour of the U.S. car industry but a further deal with Opel might be a bridge too far.
Petrobras may be embarking on opening a new era for Latin America's largest economy
United Airlines parent UAL Corp said on Friday it would temporarily cut service to Mexico, becoming the second major U.S. airline to curb service to the country hit hard by a flu outbreak.
Chrysler LLC, which filed for bankruptcy protection yesterday, pursued an alliance with Nissan Motor Co. in July of last year before reaching out eventual partner Fiat SpA, according to a report.
Chrysler LLC said Friday that its April sales took a heavy knock of 48 percent, the steepest drop in the industry, as the company plunged into bankruptcy.
U.S. auto sales fell 34.4 percent in April as the industry held near the lowest levels in nearly 30 years and closed out the month with Chrysler LLC filing for bankruptcy protection.
Ford Motor Co, which reported first quarter net loss of $1.43 billion, said Friday its April sales in the Americas fell 31.6 percent amidst the economic downturn.
A project of The 60 plus Association – a gathering of all stakeholders and GM 'Main Street' Bondholders -- said Friday it has agreed that Ad Hoc Committee's GM Restructuring Plan is the best solutions for all the stockholders.
