AT&T plans to purchase more than $500 million in vehicles running on alternative fuels over the next 10 years, with many of them coming from U.S. auto makers.
HSBC shares volatile ahead of $18 billion rights issue
Europe’s biggest, HSBC, remains volatile ahead of $18 Billion rights issue after shares fell by 24 percent when large investors shorted the stock ahead.
On March 10 Verizon Business announced it will provide network and data services at U.S. Department of Defense installations around the world under a new contract awarded by the Defense Information Systems Agency (DISA).
Microchip Technology Inc, leading provider of microcontroller and analog semiconductors, saw significant increases in inventory during Q3 and 2009 Q4 net sales are expected to be down 8 to 12%.
AT&T Inc on Tuesday said it plans to invest $17 billion to $18 billion on capital spending in 2009, with about two-thirds to be used to improve its wireless and wired broadband networks.
Palm Inc., a mobile handset company, said Monday it will make a public offering of common stock to boosts its capital ahead of the launch of its anticipated Pre system.
United Technologies Corp cut its 2009 profit target by about 13 percent and said it would eliminate 11,600 jobs as it no longer anticipates an economic recovery this year.
On March 9, Microsoft Corporation declared a quarterly dividend of $0.13 and also announced a a new addition to its board members.
Citigroup Inc. spent about $3.5 million to provide rewards for top-performing advisers at its Smith Barney brokerage unit, funded by operating revenue to achieves a nearly 80 percent cost saving.
On March 9, the Brazilian National Civil Aviation Agency (ANAC) announced the operating data of TAM for February 2009.
Tyson Foods Inc, the world’s largest meat producer and marketer, said Monday, it has entered $1 billion new secured credit facility with JPMorgan as administrative agent and has closed its previously announced offering of $810 million.
Barclays agreed on Monday to acquire the Bear Wagner Specialists LLC operations from JPMorgan Chase & Co, a move that will leave the New York Stock Exchange with five designated market makers.
GE Capital said Monday it would sell $8 billion in bonds through the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program, which allows companies to issue debt with the backing of the U.S. government, a company spokesman said Monday.
NEW YORK - Quaker Oats is launching a new marketing campaign that for the first time includes all its products under one message that emphasizes the health benefits of its main ingredient -- whole grain oats.
Roche Holding AG is in talks to buy the shares of Genentech Inc it does not already own for about $95 each, a source familiar with the situation said on Monday.
Serbia and Italy signed a deal on joint investment on Monday in power production and transmission facilities, pledging to work closely on gas and oil pipeline projects.
Human Genome Sciences' drug to treat chronic hepatitis C met the main goal in a late-stage trial, but failed to show numerically better efficacy compared to standard-of-care, raising questions about the drug's adoption and sending shares crashing to an all-time low.
Chartered Semiconductor, the world's third largest contract chip maker, said it plans to raise $300 million through a rights issue to shore up its finances amid a deep industry downturn.
MANILA - Manila Electric Co (Meralco) said companies allied with the country's dominant telecommunications firm PLDT had acquired a more than 10 percent stake in Philippines' biggest power retailer.
McDonald's Corp posted a 1.4 percent rise in February sales at restaurants open at least 13 months as strength in the United States helped offset the impact of the stronger dollar.
India's Satyam Computer Services said it was commencing a competitive bidding process to select an investor to acquire 51 percent stake.
HSBC shares hit a 13-year low on Monday, plummeting more than 13 percent as large investors shorted the stock on hopes that the price would slide further after the rights issue.
Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion pounds of risky assets with the government.
A leading insurance company Clico of Guyana insists on $35M investment in Clico Bahamas, in a now-defunct subsidiary, is trying to recover money for investors.
ArcelorMittal, the world's largest Steel maker company will suspend operations at Cleveland plant due to declining market for steel.
The Belgian state and France's BNP Paribas have reached a deal Saturday to sell financial group Fortis, the largest bank in Belgium and the Netherlands until the global financial crisis, according to the associated press reports.
The personnel chief of German industrial conglomerate Siemens considers it possible that short-time work at the company could be extended, he told the online edition of newspaper Die Welt.
India's Sterlite Industries will pay $1.7 billion in cash and notes to buy bankrupt U.S. copper miner Asarco LLC, lower than the $2.6 billion it offered last year, the Indian firm said on Saturday.
On March 6, South Africa's Standard Bank, the largest African banking group, announced it will buy a 33% stake of Russian investment bank Troika Dialog.
On March 6, the shares of Marvell Technology rose after the chip maker beat expectations when it issued its in-line results.
