Coke Enterprises ups 2009 view, sees growth next year
Coca-Cola Enterprises Inc raised its profit outlook for 2009 and gave a 2010 forecast in line with analysts' expectations as it works on drawing consumers to its drinks despite the downturn.
RIM says BlackBerry email issue resolved
Research In Motion said on Thursday that it has isolated and resolved the issue that delayed email service for some North American BlackBerry customers this morning.
CORRECTED (OFFICIAL):Dubai tells state depts to transfer surplus
(Corrects after Dubai government clarifies earlier statement which it says was meant to refer to government departments only, not to state-related entities)
Opel restructuring talks should end by mid-Feb -Franz
Opel labour leader Klaus Franz said talks with management over an upcoming plan from General Motors for the future of its European unit Opel should be finished by mid-February.
A123 Systems, SAIC to set up China car battery JV
U.S. lithium-ion battery maker A123 Systems Inc said it is forming a joint venture China's top carmaker SAIC Motor Corp to develop, make and sell battery systems for electric vehicles.
Japan car lobby fears US market won't reach 11 mln
The head of Japan's auto-making lobby said on Thursday he feared that the U.S. market would remain weak and would not reach total sales of 11 million vehicles next year.
Chrysler Sterling Heights plant open through '11-UAW
Chrysler will keep open through 2011 its Sterling Heights, Michigan, plant near Detroit that it had once planned to close at the end of 2010, a United Auto Workers vice president said on Thursday
GM names new head for Buick, GMC brands
General Motors Co said on Thursday that Brian K. Sweeney would be the new general manager of its Buick and GMC brands after his predecessor lasted nine days on the job.
Daimler sees more short hours at car business-CEO
German carmaker Daimler AG expects to use short working hours in response to weak demand for passenger cars in the first quarter of next year, Chief Executive Dieter Zetsche told Reuters on Thursday.
Beware of Dogs: Mcleod Ganj, Northern India
So, if you feel funny, you're gonna die. He repeated calmly with a closed lip half smile, a little head tilt, and a slight shoulder shrug that says, sorry about that, but there's nothing I can do. It's more
Renault in partnership talks with Daimler, others
French carmaker Renault is in talks with German rival Daimler and others about partnerships to cut costs as the industry tries to become more efficient exiting the downturn.
Greenspan warns of threat from record deficit
Former Federal Reserve Chairman Alan Greenspan on Thursday backed a call for creation of a bipartisan commission to make the tough calls needed to cut the record federal deficit.
U.N. climate talks resume, U.S. backs aid fund
Danish hosts revived climate talks on Thursday and Washington backed a $100 billion (62 billion pound) fund to aid poor countries as world leaders gathered on the eve of a U.N. deadline to reach a deal to slow global warming.
Obama's ratings sink on economy, healthcare
High unemployment and a fractious debate over healthcare have combined to push down President Barack Obama's job approval ratings and highlight the potential for political dangers ahead.
YRC revises exchange offer, warns on liquidity
Trucking giant YRC Worldwide Inc said on Thursday it was changing the terms of a debt-for-equity exchange offer, including again extending the deadline for bondholder approval in a critical bid to stay afloat.
US mortgage rates up 2nd straight week-Freddie Mac
U.S. mortgage rates rose for a second consecutive week but remained below 5 percent, a closely watched mortgage survey showed on Thursday, a key level that may boost home loan demand and help the housing market recover.
Russia VTB sees net profit of 50 bln rbls in 2010
Loss-making bank VTB (VTBR.MM) expects to return to the black next year, with full-year 2010 net profit seen at around 50 billion roubles ($1.66 billion), Chief Financial Officer Herbert Moos said on Thursday.
Cyrus says appeals court stays ION's Ch 11 exit plan
A U.S. court of appeals has stayed a bankruptcy court's decision that approved television station owner ION Media Networks Inc's (IIONQ.PK) reorganization plan, Cyrus Capital, a creditor of the company, said.
OceanFirst, Central Jersey to end merger deal
Savings and loan companies OceanFirst Financial Corp (OCFC.O) and Central Jersey Bancorp (CJBK.O) said they agreed to end their merger agreement, citing lack of regulatory approval, sending shares of Central Jersey down 26 percent to a new 8-year low.
Bank jitters, weak commods push FTSE down 1.9 pct
Jitters in the financial sector prompted by tough new proposed regulations sent banks sliding on Thursday while commodity stocks also retreated on weaker raw material prices, pulling the FTSE 100 down 1.9 percent by close
Philly Fed factory activity at 4-1/2 year high
Factory activity accelerated rapidly in the U.S. Mid-Atlantic region in December, a survey showed on Thursday, hitting its highest in 4-1/2 years and assuaging some worries the industrial recovery is slowing.
Stocks drop as dollar climbs, financials weigh
U.S. stocks fell on Thursday as a rebound in the dollar dampened appetite for risk, while a FedEx forecast weighed on transportation shares and a prominent analyst cut estimates for two major banks, compounding losses for financials shares.
UAL sees Q4 unit revenue down
UAL Corp , parent of United Airlines, on Thursday said it expects its consolidated passenger unit revenue to be down between 6.25 percent and 7.25 percent in the fourth quarter.
M&A set to pick up in Europe drugs, miners, telcos
Merger & acquisition (M&A) activity is set to pick up in European pharmaceuticals, mining and telecoms with deal volumes to climb in 2010 as balance sheets improve and borrowing costs stay close to long-term lows.
Deutsche Bank eyes bid for RBS Sempra: sources
Deutsche Bank (DBKGn.DE) is interested in bidding for commodity trading joint venture RBS Sempra as part of plans to strengthen its commodities business and is one of several suitors remaining, people familiar with the matter said on Thursday.
IMF sees fragile global recovery
A fragile global economic recovery is underway, and a double-dip recession remains unlikely, the International Monetary Fund said on Thursday.
Leading economic index rises 8th month in row
The Conference Board's gauge of future economic conditions rose in November, for its 8th straight monthly increase, boosted by improving financial conditions, employment and housing, the private research group said on Thursday.
Dubai projects go ahead as officials visit U.S.
For more stories on the Dubai crisisAs Dubai developers reassured the world their ambitious construction projects would go ahead, officials from the emirate were expected in New York to shore up confidence after a debt landslide threatened its top companies.
Exxon can exit XTO deal if drilling technique restricted
Exxon Mobil Corp (XOM.N) said it can pull out of its $30 billion acquisition of XTO Energy (XTO.N) if U.S. lawmakers pass legislation on a controversial drilling technique used to tap oil and gas fields.
Tudor turned away money from biggest hedge fund
Hedge fund manager Paul Tudor Jones turned away potential investors this year, deciding to limit the size of his BVI Global Fund Ltd to better invest the money he already has.