Pay Czar's Role at Citi; Hummer Milestone; Trade Gap Smaller
General Motors Co on Friday signed an agreement to sell its Hummer SUV brand to China's Sichuan Tengzhong Heavy Industrial Machinery in a deal that marks the first time a Chinese buyer has acquired a distressed asset from the American auto industry.
Being told you have breast cancer is tough emotionally, but regular exercise can help you keep your spirits up, a new study shows.
Iran and Afghanistan will dominate talks by U.S. Secretary of State Hillary Clinton next week on a trip to Britain and Russia that could also spur progress on a new nuclear arms reduction treaty with Moscow.
Wynn Macau's strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer U.S. casino rival Las Vegas Sands , which plans a listing later this year.
The leaders of South Korea and Japan called on Friday for a new approach to force North Korea to give up atomic arms as Pyongyang planned to send an envoy to the United States, a trip which could revive dormant nuclear talks.
Shares of Wynn Macau, the Asia unit of U.S. casino giant Wynn Resorts, rose 9 percent in their trading debut, defying expectations, as Hong Kong feted its first IPO of a top global brand in years.
Iran would blow up the heart of Israel if it was attacked by the Jewish state or the United States, a Revolutionary Guards official was quoted Friday as saying.
China's key stock indexclosed up 4.76 percent on Friday, its third-biggest daily gainthis year, as the market played catch-up with a strong globalrally during the country's eight-day National Day holiday.
Inflation Fears Weigh; Home Concerns Remain; Questioning Citi's Review
Asian shares hit a new 14-month high on Friday on investor optimism over the global economy, while the dollar rose on short-covering following its slide earlier in the week.
China's Tengzhong may finalize a deal to buy General Motors Co's Hummer business for about $150 million on Friday, a source familiar with the deal said, China's biggest brand grab since Lenovo bought IBM's PC unit in 2005.
China's Tengzhong may finalise a deal with General Motors Co [GM.UL] on Friday to acquire the U.S. automaker's Hummer business for about $150 million, a source familiar with the deal said.
General Motors Co GM.UL will look to sell the steering business it took back from former parts subsidiary Delphi under a deal that closed this week, the automaker said in a letter to its suppliers.
Czech President Vaclav Klaus raised a new obstacle to the European Union's Lisbon reform treaty on Thursday, telling EU president Sweden he wants a footnote added to the document before signing it into force.
Vaccination programs against H1N1 swine flu are under way in the United States, China and Australia and will begin soon in parts of Europe.
The world needs to invest $83 billion a year in agriculture in developing countries to feed 9.1 billion people in 2050, the United Nations' Food and Agriculture Organization said on Thursday.
South Korea's foreign minister said on Thursday there were no signs that the North was in the final stages of restoring an aging nuclear plant, knocking down a report that operations could soon resume at the facility.
Japan's new prime minister will seek to keep periodically fraught ties with China and South Korea on track at weekend summits, avoiding rows that could hurt economic links and pitching his idea of an East Asia regional grouping.
Vaccination programs against H1N1 swine flu are under way in the United States, China and Australia and will begin soon in parts of Europe.
Intel Corp should handily beat forecasts when it kicks off a busy earnings season for the chip sector next week, but investors worry that corporate spending will not rebound until mid-2010.
Luxury retailers, rejoice: the global economic downturn hasn't dented demand for pricey designer goods in China, where a study shows the affluent are buying handbags, watches and jewelry in force.
