General Motors put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian automotive group Magna , GM's chief negotiator on the deal said on Friday.
Ingersoll-Rand PLC , a maker of heating and cooling systems for homes, businesses and transport, reported a 5 percent drop in quarterly profit on Friday and said it continued to see challenges in its markets.
European solar equipment makers are slowly emerging from the crisis that has hit the sector, quarterly results will show, but the outlook beyond 2009 will be uncertain due to tight credit and oversupply.
Power company Exelon Corp posted an 8 percent increase in third-quarter profit, but its revenue fell far short of Wall Street expectations and it dropped its forecast to the bottom end of its previous range.
U.S. drug firm Pfizer has approached several Indian drugmakers for possible alliances to bolster its revenues, the Economic Times reported on Friday.
Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent profit drop that was far less severe than analysts had forecast, sending its shares higher in light premarket trading.
General Motors Chief Executive Fritz Henderson will get a rise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.
Fortune Brands Inc reported a quarterly profit that topped analysts' estimates on Friday and said each of its business units performed at or above its expectations, sending shares of the consumer goods company up 2.4 percent.
Japan could weaken its target for a 25 percent cut in greenhouse gas emissions by 2020 if all major emitters do not reach agreement on an ambitious global climate pact, the environment minister said Friday.
U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks as one way to reduce the risk any one firm's problems could destabilize the financial system.
A combination of investment risks threatens to obstruct an already stumbling U.N.-backed $6.5 billion market in clean energy projects in emerging nations, years before the scheme's first phase is due to end.
Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent drop in profit on weak demand for systems used in commercial buildings and aircraft.
U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks to reduce the risks that any one firm's problems could destabilize the financial system.
A new nuclear fuel recycling system could cut radioactive waste and remove the possibility of plutonium from spent nuclear fuel being used to make weapons, but it won't come cheap.
Oil prices rose on Friday, holding above $81 a barrel, but skepticism economic recovery was robust enough to spur a convincing rise in fuel demand limited the appetite to extend this week's powerful rally.
Britain's economy contracted in the third quarter of this year, quashing hopes the downturn was ending and instead marking the longest recession on record.
Fed's Political Shift?; Indy Booksellers Upset With Price War; Intel's Reassurances
Intel Corp assured Clearwire Corp it is closely guarding its investment information on the wireless-broadband company after an insider-trading scandal surfaced last week, the Wall Street Journal reported, citing Clearwire chief executive Bill Morrow.
Oil prices edged lower on Friday, back toward $81 a barrel, as skepticism economic recovery was robust enough to spur a convincing rise in fuel demand curbed appetite to extend this week's powerful rally.
World stocks broke a three-day losing run on Friday and hovered near their 12-month high, boosted by the Dow's return above 10,000 points, while the dollar briefly touched a new low for the year against the euro.
Asian shares rose on Friday as investors were encouraged by upbeat earnings reports from the United States and Asia while the dollar resumed a broad slide after a Fed official indicated U.S. rates would remain low.
General Motors Chief Executive Fritz Henderson will get a raise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.
