Shares in Citigroup Inc rose 5 percent on their first trading day in Tokyo on Monday, in a new exchange listing designed to boost the U.S. bank's presence in Japan but which coincides with the departure of its CEO.
Boeing Co or Airbus may win an order this month worth as much as $3.95 billion from United Arab Emirates-based Air Arabia, which said on Sunday it plans to buy as many as 50 planes.
Shares in PetroChina, which raised $9 billion in the world's biggest initial public offer this year, nearly tripled in their market debut and far exceeded analysts' forecast, buoyed by the company's position in the world's second-biggest energy market.
Competing with video games, Japan's toymakers are targeting adults with toys making use of nostalgia and high-tech.
When Charles Prince replaced Sanford Sandy Weill at the helm of Citigroup Inc, he was given the unenviable task of replacing a legend. Shareholders feared he could never fill Weill's shoes. They may soon be proven right.
Ford Motor Co on Saturday said it had reached a tentative labor deal with the United Auto Workers union, capping a historic round of bargaining between the union and the embattled U.S. auto industry.
Major U.S. carriers are profitable for first time after years of financial ruin but their share prices keep dropping.
Citigroup Inc Chief Executive Charles Prince plans to resign this weekend, the Wall Street Journal said, as the widening subprime mortgage crisis deals a final blow to a reign long under attack. The largest U.S. bank by assets plans to hold an emergency board meeting on Sunday, at which Prince will step down, the newspaper said on Friday, citing people familiar with the situation.
Citigroup Inc's board of directors is holding an emergency meeting this weekend, Dow Jones reported on Friday.
Toyota Motor Sales (TMS), U.S.A., Inc. celebrated on Wednesday its fiftieth year car and truck sales in the United States.
Mazda Motor Corp., the Japanese affiliate of Ford Motor Co., announced on Friday that its July-September period net profit soared 29 percent to 26.6 billion yen due to strong sales overseas.
The rate of foreclosures in the United States will remain higher than normal for the next 18 months as the current home loan crisis plays itself out, a senior U.S. Treasury official said on Friday.
Leading European bank stocks tumbled on Friday as worries mounted that the U.S. subprime crisis has taken a sharp turn for the worse and will force another round of hefty writedowns of bank exposures.
Hindustan Unilever Ltd, India's top consumer goods maker, said on Friday it will set up a joint venture with Smollan Holdings of South Africa to service the Indian firm's retail customers.
Shares in PetroChina, which raised $9 billion in the world's biggest initial public offer this year, are set to double their price when they list in Shanghai on Monday, buoyed by the company's position in the world's second biggest energy market.
Large U.S. banks and brokerages will suffer additional write-downs of more than $10 billion in the fourth quarter as deteriorating credit trends continue to undercut the value of subprime mortgages and related securities, a Deutsche Bank analyst said.
Chevron Corp's third-quarter earnings fell more than 25 percent, missing analyst estimates on sharply lower profits from gasoline production.
In a bid to cut its exposure to mortgage-backed securities, Merrill Lynch & Co engaged in deals with hedge funds possibly designed to delay its heavy losses, the Wall Street Journal reported Friday in its online edition, citing sources close to the matter. Shares of Merrill, which ousted Chief Executive Stan O'Neal earlier this week, fell 6 percent on Friday in early trading on the New York Stock Exchange. Shares are down 37 percent this year.
Nokia's move into Internet operations faced headwinds on Friday, as the cell phone maker postponed the start of its gaming service due to software testing delays, and Warner pulled its songs from Nokia's music shop.
The last time the Writers Guild of America went on strike, restless viewers turned to cable, sending the category into a growth spurt that continues to this day.
Negotiators for Ford Motor Co and the United Auto Workers talked into Friday morning as the two sides closed in on a labor deal that would cap a historic round of bargaining between the union and the embattled U.S. auto industry.
Viacom Inc said on Friday its quarterly profit rose 80 percent, boosted by the sale of its music publishing unit, strong cable advertising and blockbuster turnout for the alien robots movie Transformers.
Mazda Motor Corp posted a 1.5 percent rise in quarterly operating profit as a weaker yen, cost cuts and sales growth offset a cutback in shipments to North America, and kept its full-year profit forecast unchanged.
British Airways reported record first-half profit on Friday, up 26 percent due to cost cutting, but its shares fell by as much as 5 percent after it cut its full-year revenue guidance due to the weak U.S. dollar.
Shares in Barclays fell as much as 8 percent to hit two-and-a-half year lows on Friday amid market talk of funding worries and speculation it is telling analysts to trim profit forecasts.
U.K. airline British Airways said Friday that its first-half net profit rose 50.6% to 485 million pounds, or 41.2 pence a share, from 322 million pounds, or 27.4 pence a share, a year ago. Revenue declined 0.8% at 4.46 billion pounds, impacted by currency movements, and the firm said that it's changing its fiscal-year revenue guidance to between 3% and 3.5% due to continued dollar weakness. However, a weaker U.S. dollar helped the company to contain costs, with fuel costs falling 3.5% in the period. It also said that it now expects fiscal-yeaar costs to decline by 100 million pounds due to the weak dollar, compared to previous guidance for flat costs. The airline said that fuel costs remain a major challenge and sees a fuel bill of more than 2 billion pounds for the year. British Airways posted an operating margin of 12.5% in the half year, up from 9.8% a year ago, and said that it expects to achieve its 10% fiscal-year operating margin target.
U.K. satellite television operator British Sky Broadcasting said Friday that its net profit for the three months ended Sept. 30 fell 28% to 84 million pounds ($174 million), while revenue for the period rose 11% to 1.19 billion pounds.
Chrysler LLC and Ford Motor Co on Thursday reported double-digit drops in October sales, lagging rivals in a slumping U.S. market widely expected to remain under pressure into next year. Chrysler, which also announced plans to slash one-fifth of its factory work force and cut four slow-selling models, posted a 12 percent drop in monthly sales that was deeper than analysts had forecast.
Deutsche Bank’s third quarter results are better than expected, with the investment bank division taking less of a hit than already announced, and the retail business posting very strong earnings.
Today Domino’s Pizza warned that it was likely to be raising the cost of its pizzas for consumers due to higher manufacturing costs.
