Honda Motor Co posted a forecast-beating 63 percent jump in quarterly earnings as strong sales of its new CR-V crossover made up for higher raw material costs, and it raised its full-year net profit forecast on a lower tax rate. Honda's factories are running at full capacity around the world -- including in Japan despite weak sales at home -- thanks to brisk demand for exports to North America and Europe.
The world's biggest jumbo jet landed safely in Sydney on Thursday, completing its long-delayed first commercial flight from Singapore.
Countrywide Financial Corp. said on Wednesday that Henry Cisneros, a former U.S. Secretary of Housing and Development, resigned from its board of directors.
Wal-mart, the world's largest retailer is considering concentrating more on its international stores as well as opening up more stores in other countries for its business growth.
Bank of America Corp on Wednesday said it planned to eliminate 3,000 jobs, and shook up its corporate and investment bank after a dismal quarter at that unit led to a 32 percent drop in overall profit.The second-largest U.S. bank said a majority of the cuts will be in corporate and investment banking, and the rest elsewhere. The cuts amount to 1.5 percent of the bank's 198,000-person workforce.
The chief executive officer of Wal-Mart Stores Inc said on Wednesday that he is optimistic about the Christmas season.
Ford Motor Co (F.N) and the United Auto Workers union have agreed on the broad terms of a new round of buyouts that would slash thousands of jobs under the terms of a new contract, people familiar with the ongoing talks said.
Today BP announced plans for changes to its North Sea organisation meant to secure a long-term future for the company’s oil and gas business in the UK.
China’s second largest beer maker has agreed to invest 40 billion yuan ($5.3 million) to establish its first overseas plant in Thailand.
The world's biggest jumbo jet was set to fly from Singapore on Thursday on its long-delayed first-ever commercial flight, as part of the Singapore Airlines (SIAL.SI) daily service to Sydney.
Shareholders of Cablevision Systems Corp on Wednesday rejected a $10.6 billion buyout bid offered by the Dolan family, after major stakeowners said it undervalued the New York-based cable operator. The Dolans, who already own about 20 percent of Cablevision, offered $36.26 per share -- a price that several large shareholders, including activist investor Mario Gabelli, have said was too low.
Europe's banks are considering their next move after ABN AMRO succumbed to the world's biggest bank takeover.
Honda Motor Co will start to sell hybrid cars in big volumes beyond 2010, a top executive said on Wednesday, while repeating the automaker's target for sales of 4.5 million cars in 2009/10.
Daiwa Securities Group, Japan's No. 2 brokerage, is set to post sluggish results for the July-September quarter as volatile financial markets hit trading profits and the flow of equity deals dried up.
Carlos Ghosn, chief executive of Renault and Nissan Motor Co, said on Wednesday he was confident of being able to develop a $3,000 car in India with proposed partner Bajaj Auto Ltd.
Nissan Motor Co on Wednesday took the wraps off its GT-R sports car, a cult classic in Japan that it has remodelled in the hope that a muscle car will rebuild its flagging sales around the world.
National City Corp, a large U.S. Midwest bank, on Wednesday said third-quarter profit fell 80 percent, as mortgage losses mounted even after the sale of a subprime lending unit to Merrill Lynch & Co.
Nasdaq Stock Market Inc , the second-largest U.S. equities exchange, posted a higher quarterly profit on Wednesday, helped by a gain from the sale of its stake in the London Stock Exchange.
Freddie Mac sharply shrank its holdings of mortgage securities in September and kept the portfolio below a growth limit set by its regulator, the second largest U.S. home funding company said on Wednesday.
Merrill Lynch & Co Inc reported $7.9 billion in net write-downs for the third quarter on Wednesday as shaky risk management and bad bets on subprime mortgages and collateralized debt obligations triggered the company's first quarterly loss in six years. More write-downs could be on their way if the company further cuts its exposure to CDOs.
It's soft, it glows and if it's in a crash, nothing will get badly dented -- maybe. Honda Motor Co's new Puyo concept car has no sharp edges and is covered in soft silicone so it can absorb the force of light collisions.
Berkshire Hathaway Inc's Warren Buffett said on Wednesday he is scouring the world for big businesses, but is doubtful about finding a good buy in China because the market is too hot.
The world's biggest jumbo jet was set to fly from Singapore on Thursday on its long-delayed first-ever commercial flight, as part of the Singapore Airlines daily service to Sydney.
Brokerage and investment bank Merrill Lynch & Co. is expected to post a loss for its fiscal third quarter, battered by problems in the credit market.
CME Group Inc. and the Brazilian Mercantile & Futures Exchange S.A. said late Tuesday that they have signed a non-binding letter of intent for a cross-investment between the entities.
Countrywide Financial Corp, the largest U.S. mortgage lender, said Monday it will help customers refinance or modify up to $16 billion of adjustable-rate mortgages through next year.
Medical billing fraud against the U.S. government is pervasive, even rivaling the drug trade as the crime of choice in Florida.
Zurich Life Insurance Co. have agreed to jointly create a life insurance company with Nissen Holdings Co., a major mail-order firm , in Japan around 2009.
Umbro, the company which makes the sports kit for the England soccer team as well as for six of the UK Premier League clubs, has today agreed to a takeover by Nike in a £285 million deal.
Countrywide Financial Corp, the largest U.S. mortgage lender, on Tuesday offered to refinance or restructure up to $16 billion of adjustable-rate mortgages through the end of 2008. The lender said its program may help about 82,000 borrowers who face higher payments stay in their homes.
