General Motors Co is confident that it can find the financing to keep and restructure its European Opel unit, Chief Executive Fritz Henderson said on Thursday.
German Chancellor Angela Merkel has agreed with U.S. President Barack Obama to coordinate on the future of Opel after General Motors'surprise decision to keep the unit, a German government spokesman said on Thursday.
An Italian judge sentenced 23 Americans to up to eight years in prison on Wednesday for the abduction of a Muslim cleric, in a symbolic condemnation of the CIA rendition flights used by the former U.S. government.
British Prime Minister Margaret Thatcher warned France's ambassador months before German's 1990 reunification of a domineering Chancellor Helmut Kohl who sees himself as the master, diplomatic notes revealed Thursday.
The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year.
Americans are more likely than people in 10 other countries to have trouble getting medical treatment because of insurance restrictions or cost, an international survey of primary care doctors released on Wednesday found.
The European Central Bank kept interest rates on hold at 1.0 percent on Thursday and investors are now braced for signs that it will soon start weaning banks off cheap and abundant liquidity.
Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world's No.1 carmaker is back on track, as government subsidies peter out and a strong yen takes its toll.
Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast were not enough to convince investors that the world's No.1 carmaker had escaped the worst, as government subsidies peter out and a strong yen takes its toll.
Toyota Motor Corp reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
General Motors' Europe head Carl-Peter Forster expects massive cuts at Opel after GM decided to hold on to the European carmaker, he was quoted saying in a German newspaper.
The mood in the global automotive industry has shifted to cautious optimism, marked by the unveiling on Wednesday of Chrysler's turnaround plan and General Motors' plan to keep its Opel unit.
General Motors' decision to keep its European unit Opel is embarrassing for German Chancellor Angela Merkel, who had lobbied for a sale, but the U.S. group's U-turn deals no lasting blow to her new government.
European Union competition regulators urged U.S. carmaker General Motors on Wednesday to draft a recovery plan for its European arm, Opel, that would ensure its long-term viability.
German Chancellor Angela Merkel agreed with Opel labour leader Klaus Franz on Wednesday that General Motors must present a plan for the European carmaker which focuses on job security, a government spokeswoman said.
The White House turned aside questions on Wednesday about the reason that General Motors decided not to sell Opel, saying that the auto company makes its own business decisions.
Daimler plans to cut 1,000 jobs at its Mercedes-Benz Cars premium division by offering a variety of buyout packages to staff, the German carmaker said on Wednesday.
Adidas AG, the world's second-largest sports goods maker, is confident on consumer demand heading into the Christmas season and ahead of next year's soccer World Cup, after posting an in-line third quarter.
General Motors' move to scrap the sale of its Opel unit and raised forecasts from Nissan Motor Co lifted confidence in the global auto industry's recovery on Wednesday.
German and Russian leaders seethed and unions tore up a deal to cut costs in protest at General Motors' completely unacceptable decision to keep Opel, its European unit, after months of talks.
German politicians seethed and unions tore up a deal to cut costs in protest at General Motors' completely unacceptable decision not to sell Opel, its European unit, after months of painstaking talks.
World stocks rose from the previous day's four-week low on Wednesday while the dollar slipped ahead of a policy decision by the Federal Reserve, expected to affirm its commitment to ultra-low interest rates.
