America’s largest tire maker, Goodyear Tire & Rubber Co, said Wednesday it remains the most respected automotive company based on Reputation Institute surveys despite its quarterly losses in the ongoing recessions.
Oil refiner Royal Dutch Shell said Wednesday its first quarter profit fell 62 percent due to weak demand and fluctuation in oil prices.
Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable networks revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.
UMC, the world's No.2 contract chip maker, said on Wednesday it would spend $285 million buying China-based chipmaker Hejian to tap robust demand on the mainland, which it expects to help return it to profit after three quarters in the red.
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy, Indonesia's largest coal producer by market value, the Philippine conglomerate's president said on Wednesday.
Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat SpA and qualify for additional government loans, Chrysler Chief Executive Bob Nardelli said on Wednesday.
Pepsi bottler PepsiAmericas Inc, which recently received a buyout offer from the beverage giant, posted a 12 percent fall in profit that still beat Wall Street estimates as strong pricing, cost cuts and growing sales in the United States offset volume declines.
Germany's Volkswagen and Continental made the best out of a terrible first quarter for the global auto industry, hoarding their cash as they hope for an improvement in the months ahead.
U.S. real-estate investment trusts (REITs) enjoy strong investor support, despite the slump in U.S. property markets, because they have moved aggressively to repair their balance sheets, ING Real Estate said on Wednesday.
Burger King Holdings reported a higher quarterly profit as a lower tax rate and cost controls helped offset March weakness at its company-operated restaurants.
Goodyear Tire & Rubber Co posted a narrower-than-expected quarterly loss on Wednesday as it accelerated cost cuts and reduced inventory in response to a deep economic downturn, sending its shares up nearly 12 percent.
Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable networks revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.
Health insurer Aetna Inc reported a slight rise in net income on Wednesday as membership increased, but it cited higher-than-projected medical costs in its commercial business that serves employers.
Time Warner Inc posted a flat quarterly profit but its revenue decline was smaller than expected, as a rise in cable networks revenue offset declines in advertising sales at AOL and Time Inc.
The U.S. swine flu caseload rose to 65 in six states on Tuesday as lawmakers launched emergency hearings to evaluate the government's response to what doctors warn could become a pandemic.
Deutsche Bank said Tuesday it posted better than expected first quarter profits of above expectations.
By seeking to dictate terms to secured creditors of Chrysler LLC and General Motors Corp as the automakers struggle to win further aid by cutting debt and costs, the U.S. government has entered uncharted waters that some find unsettling.
Nissan Motor Co. announced Monday a new operational system across the Americas while emphasizing its move to introduce electric, zero emissions vehicles in its car lineup.
Although we have discussed commercial real estate many times in our comments over the past few years, we have never devoted the whole comment on the subject.
The U.S. Treasury has reached an agreement in principle with Chrysler LLC's first-lien lenders that may help the troubled automaker avoid bankruptcy, two people briefed on the discussions said on Tuesday.
California's housing-market slump showed hints of improvement in March, with sales of existing single-family homes increasing 64% from the prior-year period and median home prices rising month-to-month for the first time since August 2007, according to a trade group report.
Shareholders of Fortis approved the sale of assets to France's BNP Paribas in Belgium on Tuesday, bringing the carve-up of the stricken group a step closer to conclusion.
The Treasury reached an agreement with Chrysler LLC's lenders that may help the troubled automaker avoid bankruptcy, a source briefed on the matter said on Tuesday.
Honda Motor Co (7267.T) forecast a small profit for this year as it cuts costs to counter plunging car sales and a strong yen, and said its leading position in motorcyles is helping it cope with the severe global slowdown.
Pfizer Inc reported a better-than-expected first-quarter profit on Tuesday, as cost-cutting helped offset sharply lower sales of its Lipitor cholesterol fighter and its Chantix smoking-cessation drug.
General Motors Corp on Monday offered its final plan to reorganize outside bankruptcy by slashing bond debt, cutting over 21,000 more U.S. jobs and emerging as a nationalized automaker under majority control by the U.S. government.
Qatar is in talks to buy a stake in Germany's Porsche and may also invest in other carmakers as the Gulf gas exporter looks to park some of its sovereign wealth abroad, according to media reports.
After 83 years of storied history and with a huge following for its famous older models, Pontiac on Monday became the highest-profile victim of the U.S. auto industry crisis with General Motors Corp's announcement the brand would cease to exist in 2010.
Operating acute care and behavioral health hospital, Universal Health Services Inc. said Monday its first quarter profit rose 14 percent despite slow in and out admissions patients.
The head of a U.S. financial bailout watchdog panel said bankruptcy judges must be allowed to reduce home mortgage debt or the Obama administration's housing rescue efforts could fail in the areas where they are most needed.
