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GM to drop ad agency for luxury Cadillac brand

General Motors Co GM.UL is looking for a new advertising agency for its luxury Cadillac brand as it tries to reverse a slide in sales in its home market.

Chevrolet to take 70 pct of GM sales: exec

General Motors Co's flagship Chevrolet brand expects to boost sales driven by new launches such as the Cruze small car and may represent 70 percent of the automaker's North American sales, the brand's chief said on Friday.

GM Jan-Sept China vehicle sales up

General Motors Co GM.UL said on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from a year earlier, boosted by Beijing's stimulus policies and boding well for record sales for the full year.

GM signs deal to sell Hummer to Tengzhong

General Motors Co signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry.

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Clinton to talk Iran, Afghanistan on Russia trip

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 debut cashes in on Asia gaming fever

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.

South Korea, Japan press North Korea to return to talks

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.

Wynn Macau rises 9 pct in Hong Kong debut

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 to blow up heart of Israel if attacked: official

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 shares end up 4.8 pct, 3rd biggest gain in 2009

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.

Daily Outlook - Oct 9

Inflation Fears Weigh; Home Concerns Remain; Questioning Citi's Review

Asia shares hit 14-month high, dollar rebounds

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.

Tengzhong may finalize Hummer deal Friday: source

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.

Tengzhong may finalise Hummer deal Friday

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.

GM will look to sell ex-Delphi steering unit

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 makes new demand over EU treaty

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.

Q+A: How do you know you have the flu?

Vaccination programs against H1N1 swine flu are under way in the United States, China and Australia and will begin soon in parts of Europe.

World must invest $83 billion/year to be fed in 2050: FAO

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.

North Korea not near restoring nuclear plant: South

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 new PM seeks to build trust with Beijing, Seoul

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.

Q+A-How do you know you have the flu?

Vaccination programs against H1N1 swine flu are under way in the United States, China and Australia and will begin soon in parts of Europe.

Strong Intel Q3 expected, outlook crucial

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.

What crisis? Luxury still in fashion in China

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.

HSBC, others resume talks for RBS Asia units: sources

HSBC has resumed talks with Royal Bank of Scotland over the purchase of the remaining retail and commercial units that bailed-out RBS owns in Asia, sources said on Thursday.

Rich nations need to ante-up in climate talks: U.N.

Poorer countries are helping shape a broader pact to fight climate change but their efforts are being stymied by rich nations' lack of commitment on finance and tougher emissions cuts, the U.N. said on Thursday.

HK shares end up 1.2 pct; HSBC up on talks for RBS units

Hong Kong stocks rose for a fourth day on Thursday, with HSBC (0005.HK) advancing after itresumed talks with Royal Bank of Scotland (RBS.L) over thepurchase of RBS units in Asia.

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