COMPANIES

Saab Sold For One-Third Of What GM Valued It At

A general view of Spyker Cars Saab factory in Trollhattan
Sino-Japanese joint venture National Electric Vehicle Sweden AB (NEVS) has paid a paltry 1.5 billion to 1.8 billion kronor ($210 to $250 million) for defunct Swedish carmaker Saab Automobile AB.
WWDC 2012 Keynote Live Blog

WWDC 2012 Preview: Apple Expected To Update Every Mac; What About iPhone?

We're just four days away from the start of the 2012 Worldwide Developers Conference (WWDC) in San Francisco, which is expected to be one of the biggest Apple events of the year. A new report says that Apple will introduce as many as 14 new Mac models at WWDC, including desktop computers (iMac and Mac Pro) and laptops (MacBook Pro and MacBook Air), among other products.
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April Chip Sales Soared 3.4% In Biggest Monthly Gain Since 2010

Sales of electronic chips rose 3.4 percent to $24.1 billion in April, the biggest monthly boost in two years, the Semiconductor Industry Association reported. The trade group repeated an earlier forecast for yearly chip sales to reach $301 billion, a slight boost over 2011.
A 2008 Kia Rio.

Kia Recalls 73,000 Rio Sedans For Airbag Defect

Kia Motors Corporation (Seoul: 000270) is recalling 72,568 model year 2006 to 2008 Kia Rio cars due to a defect which can cause deployment of airbags when children are in the passenger seat during a crash, according to the National Highway Traffic Safety Administration (NHTSA), Tuesday.
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Google Buys Meebo, Quickoffice In 24 Hours: Deals Boost Google Plus, Productivity Apps

In the past 24 hours, Google has acquired two companies to substantially improve its various online services. On Monday, Google bought social start-up Meebo to enhance its social services like Google Chat and its social network Google+, and on Tuesday, Google bought Quickoffice to boost the functionality and compatibility of Google Apps like Docs, Gmail, Calendar, Google Drive, and more.
The Piaggio Aero P180 Avanti II seen from behind.

See How the Piaggio Aero P180 Avanti II's Cabin Size Measures Up

One of the main selling points of the Piaggio Aero Avanti II private plane is the relatively massive cabin size. If you're in the market for a private plane, you probably want comfort, and that probably means the ability to sit and stand without feeling crunched. Piaggio says the Avanti II is the perfect plane for this, but how do some of the other competitors stack up?
Delta

Airline Stocks Rebound After Delta Misses May Traffic Estimate

Airline stocks were recovering on Tuesday from a battering the previous day after Delta Air Lines (NYSE: DAL) showed a 6 percent increase in per-seat passenger revenue in May compared to last year, one percentage point lower than it had expected.
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GM's China Sales In May Climb To Record

General Motors Corp. (NYSE: GM) and its joint ventures in China sold a record number of vehicles last month as demand jumped more than 20 percent from the year-earlier level.
The Piaggio Aero P180 Avanti II in flight.

Piaggio Aero P180 Avanti II: Too Much Private Plane Or Just Right?

The P180 Avanti II is striking. Even stationary on the tarmac, the plane from Italian aerospace company Piaggio Aero looks like it will rise into the air with the slightest breath of breeze, a magnificent Roc ready to take to the skies and transport its travelers to wondrous lands, or the Essex County Airport in Caldwell, New Jersey, in other circumstances.
The AOL logo is seen on the outside of the building housing the companies corporate headquarters in New York

AOL Dissidents Get Big Boost; Shares Near High

Shares of AOL Inc. (NYSE: AOL), the No. 7 website, traded near their 52-week high Monday after activist investors Starboard Value Management won crucial backing to win seats on the board of directors.

Apple iOS 6 Features: Breaking Down The Rumors Before WWDC 2012

It's been almost eight months since Apple released iOS 5, the most comprehensive update to its mobile operating system for iPhone, iPad, and iPod Touch. Now, in the weeks leading up to Apple's 2012 Worldwide Developers Conference (WWDC), insiders believe Apple will again announce a major update to its mobile platform and unveil iOS 6.
General Motors assembly workers Monique Watson and Evetta Osborne install an electric battery on the underside of a 2011 Chevrolet Volt electric vehicle at the Detroit-Hamtramck Assembly plant in Hamtramck, Michigan

GM and Ford Pension Buyouts: Should You Take A Lump-sum Pension Buyout?

Last week thousands of retirees were suddenly faced by what for many would be the largest financial decision of their lives when both Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) announced they would launch immense pension buyout plans unprecedented in the United States.
The Ford logo on a car.

Ford Considering 'Indigenous Brands' In China

Ford Motor Company (NYSE: F) is considering launching local China-only brands as it continues to try and bolster its own brand in the largest global auto market, according to Reuters Monday.
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Portugal To Keep 3 Big Banks Going With $8.2B

Portugal will give ?6.6 billion ($8.2 billion) to its three largest banks to help them beef up their balance sheets. Receiving the capital injection are two private banks, Banco Comercial Português and Banco BPI, and state-owned Caixa Geral de Depositos.
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US Manufacturing Jobs Begin The Long March Back From China (And Elsewhere)

The U.S. had been losing industrial jobs to low-cost countries, particularly in Asia, for years, but its manufacturing sector appears to be staging a surprising turnaround. In 2009, manufacturing accounted for about 11 percent of U.S. gross domestic product; in 2011, the comparable figure was 12.2 percent.
Visitors are silhouetted against a Logo of the Honda Motor at the company showroom in Tokyo

American Honda Sales In US Skyrocket 47.6 Percent In May

U.S. car sales soared 47.6 percent for the American Honda unit of Honda Motor Co. Ltd. (NYSE: HMC) in May, as the Japanese automaker consummated its recovery from last year's triple disaster (earthquake, tsunami, and nuclear meltdowns), with strong sales of its flagship Civic and Accord cars.

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