Result Page 779 for Latest Companies News & Archive

Tiffany buys bankrupt Lambertson Truex handbag co

Tiffany & Co said on Friday it is buying bankrupt U.S. handbag maker Lambertson Truex as the high-end jeweler seeks to expand its array of leather goods.

Ford sales slump 31.6 percent

Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.

Ford U.S. sales fall 31.6 percent in April

Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.

Ronn Motor Company, Inc. (RNNM.PK) Finalizes Testing and Production Design of Hydrogen Injection System

Early this week, Ronn Motor Company, Inc. announced that it has completed testing and final production design for its new H2GO(TM) real time hydrogen injection system. Frigette Energy Systems and Ronn Motors executives have been conducting evaluations this week to prepare for a preliminary focused manufacturing and distribution roll-out to the general public.

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Chrysler reaches new low after a very rough ride

Once an icon of American automotive might, Chrysler has reached a new low in its rocky eight-decade history by filing for bankruptcy and cutting its business to a shadow of its former size.

Chrysler heads to court as lender opposition grows

Chrysler LLC heads to U.S. bankruptcy court Friday morning to obtain permission to continue paying employees and meeting customer and dealer obligations against a backdrop of mounting opposition from certain of its lenders.

MasterCard says revenue will miss '09 target

MasterCard Inc posted better-than-expected quarterly earnings on Friday but said revenue growth this year will fall short of its targets, sending its shares down 6 percent in morning trading.

Continental cuts Mexico capacity amid flu outbreak

Continental Airlines Inc said on Friday it had temporarily reduced service to Mexico, citing lower demand as a deadly strain of flu spreads.

Continental cuts Mexico capacity

Continental Airlines Inc said on Friday that it had made temporary cuts to its seat capacity to Mexico, citing lower demand as a new strain of flu spreads.

GM says to talk to KDB on GM Daewoo stake

General Motors Corp will talk to the Korea Development Bank about selling a stake in GM Daewoo, if that would help its South Korean carmaking unit in the long term, Nick Reilly, President GM Asia Pacific, said on Friday.

Chrysler files for bankruptcy; inks Fiat deal

Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt.

Boeing works round clock to make 787 test flight

Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) mechanics and engineers are working round the clock to make sure the new 787 Dreamliner, already two years behind schedule, makes its first test flight before the end of June.

Fiat CEO eyes Opel deal after Chrysler: report

Italian automaker Fiat SpA's next project is a deal with Germany's Opel after a landmark alliance with U.S. car maker Chrysler, Fiat's chief executive said in an interview published on Friday.

HUD chief sees early signs of housing turnaround

The U.S. housing market is showing some early signs of a turnaround, but its too early to say if a full recovery is underway, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.

Apache buys Marathon assets

Apache Corp said Thursday it has acquired Permian Properties from Marathon Oil Corp for $187.4 million after it posted better than expected first quarter profits amidst the global recessions.

Obama confirms Chrysler to file for bankruptcy

Chrysler LLC will file for bankruptcy on Thursday after talks to restructure its debt with lenders broke down, U.S. President Barack Obama said on Thursday.

Chrysler to file for chapter 11 bankruptcy protection, CEO to exit

Chrysler LLC will file for chapter 11 bankruptcy protection, the Obama administration confirmed on Thursday, after the struggling car manufacturer failed to reach a deal with its creditors.

Tyco International results beat estimates

Industrial conglomerate Tyco International Ltd posted a net $2.57 billion quarterly net loss as it wrote down assets in light of the weak economy, but earnings before special items beat Wall Street expectations.

Chrysler to file for bankruptcy

Chrysler LLC is expected to file for bankruptcy on Thursday after talks to restructure its debt with lenders broke down, a U.S. government official said.

Chrysler will file for bankruptcy protection: report

Chrysler LLC will file for Chapter 11 bankruptcy protection to reorganize the troubled carmaker after talks with debt holders broke down, an Obama administration official said, according to reports.

Tyco Intl posts quarterly net loss on charges

Industrial conglomerate Tyco International Ltd posted a net $2.57 billion net loss, reflecting large charges to revalue its assets in light of a weak economy, but earnings excluding special items beat Wall Street expectations.

Chrysler in last ditch push for survival deal

Chrysler LLC rushed to clinch a last-minute deal on Thursday to stave off collapse ahead of a midnight deadline for the third-largest U.S. automaker.

Motorola loss widens

Motorola Inc posted on Thursday a wider quarterly loss as sales missed Wall Street Estimates, but it forecast a narrower loss for the second quarter and said it plans further cost cuts.

Wealthy don't want limelight in downturn: study

Just 29 percent of people with lots of money to spend say they enjoy being recognized as wealthy, down 6 percent from a year ago, a survey showed on Wednesday.

Chrysler talks seen on the rocks as deadline looms

Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy ahead of a government-imposed April 30 restructuring deadline.

U.S. government, Chrysler lender talks break down: report

Talks between the U.S. Treasury Department and Chrysler LLC lenders aimed at cutting the automaker's debt and keeping it out of bankruptcy broke down late on Wednesday, the Wall Street Journal reported, citing people familiar with the discussions.

Chrysler debt offer raised, holdouts targeted

The U.S. Treasury raised its offer by $250 million in debt restructuring talks with Chrysler LLC lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.

MGM Mirage, Dubai World get CityCenter deal

MGM Mirage and Dubai World said on Wednesday they have reached an agreement with lenders on a plan to fully fund their $8.5 billion CityCenter joint venture on the Las Vegas Strip.

Sketcher shares jump despite Q1 loss

Global footwear maker, Sketchers USA Inc on Wednesday said its first quarter net revenue fell 11 percent to $343.5 million ended March 31, from $8.2 million a year ago.

Alcoa, BHP Billiton Reach its agreement

Alcoa World Alumina LLC and Billiton Suriname Holdings B.V. have reached an agreement in principle where Suriname Aluminum Company LLC (Suralco), an Alcoa subsidiary, will acquire the bauxite and alumina refining interests of N.V. BHP Billiton Maatschappij Suriname (BMS), a BHP Billiton subsidiary, in Suriname.

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