COMPANIES

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Asian Carmakers Shift Up to Lift Europe Margins

Asian carmakers aim to churn out higher profits in Europe by moving up-market now that they have established a solid foothold in the region, while their local rivals struggle with excess inventories and restructuring costs.
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NAR: Banks and Commerce Must Not Mix

The National Association of Realtors expressed concern on Wednesday over the expansion of banking powers by the Office of the Comptroller of the Currency, an agency within the Department of the Treasury.
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Wendy's says Horton's spin-off on schedule

Restaurant operator Wendy's International Inc. on Thursday said a U.S. district judge in New York denied a noteholders' suit seeking to enjoin a planned spin-off of Canadian coffee shop chain Tim Hortons Inc, in which Wendy's is the majority shareholder.
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It's Crunch Time for Alliance Talks

The heads of General Motors Corp. and Renault-Nissan held crucial talks on a possible three-way alliance in Paris on Wednesday amid mounting doubts that a full-blown deal could materialize. The companies confirmed the meeting but declined to comment ahead of the self-set mid October deadline.
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Ford says Jaguar and Volvo not for sale

Ford Motor Co said on Wednesday that none of its European premium brand car businesses was for sale at this stage except Aston Martin, but added it would continue to examine all its options.
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J&J sues Boston Scientific, Abbott for $5.5 bln

Johnson & Johnson has sued Boston Scientific Corp. and Abbott Laboratories Inc., seeking at least $5.5 billion in damages related to J&J's failed bid for medical device maker Guidant Corp.
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Irrational mortgage bond prices polarize market

Buyers in the $565 billion market for so-called sub-prime mortgage bonds are clamoring for the high-yield securities, even though experts increasingly warn that pricing has reached irrational levels.
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Starbucks Could Be in Hot Water; Monopoly Suit Filed

A proposed class action lawsuit filed against leading coffee retailer Starbucks on Monday by an independent coffee house owner claims that that the company abuses its monopoly position in the specialty coffee market to eliminate smaller competitors by using various means, including cluster bombing store tactics.
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Mercedes-Benz to Introduce Diesel SUV in 2008

Mercedes-Benz said on Monday it plans to offer its first BLUETEC diesel-powered versions of its M, R and GL-Class sport-utility vehicles in 50 US states at the beginning of 2008.
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PNG's Oil Search plans LNG project

Oil and gas producer Oil Search is set for a strong move towards Papua New Guinea gas pipeline for liquefied natural gas (LNG) with backing from ExxonMobil Corp and BG Group.
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Light Cigarette Suit Certified As Class Action

A lawsuit accusing tobacco companies of defrauding smokers into thinking light cigarettes were safer than regular brands can proceed as a class action, a federal judge in New York ruled on Monday.
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Circuit City to sell Amp'd cell phones

Amp'd Mobile Inc. said on Monday that consumer electronics retailer Circuit City Stores Inc. would sell its mobile phones, as start-up wireless service Amp'd expands its distribution.
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Walgreen profit jumps 25 percent

Walgreen Co., the largest U.S. drugstore chain, posted a 25 percent rise in quarterly profit on Monday, driven by strong sales of prescription medications and the addition of the Happy Harry's chain.
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Europe Spyplane in Doubt After Spain Crash

The future of a European project aimed at matching U.S. and Israeli prowess in unmanned spyplanes that could eventually fire weapons was thrown into doubt after a test model crashed off the coast of Spain.
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BP to Re-start Part of Prudhoe Bay

BP Exploration said on Friday it will re-start production in a portion of the Eastern Operating Area of Prudhoe Bay following its earlier shutdown in August this year.
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Wal-Mart to Cut Down on Packaging

Wal-Mart said on Friday it will launch a 5-year plan to reduce the amounts of natural resources it uses for packaging by 5 percent.
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Plexus to Expand Production in Malaysia

Plexus Corp., an electronic manufacturing services company, said on Friday that talks have begun to purchase an additional manufacturing facility in Malaysia in order to meet the demands of its customers.
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Credit Suisse Japan Told to Improve Filing Procedure

The Ministry of Finance of Japan issued a business improvement administrative order to Credit Suisse Asset Management Japan on Friday due to breaches of securities investment trust law, the firm said in official statement released later on the same day.

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