U.S. based battery maker EnerDel and electric car maker Think Global said today Japan Postal Service is testing an electric drivetrain developed by the companies which can convert gasoline-powered delivery trucks to electric vehicles.
Verizon Communications Inc posted a lower quarterly profit and said it would cut 8,000 jobs in its wireline business, as weakness in wholesale and corporate segments overshadowed wireless growth.
Honeywell International Inc is counting on the payoff from cost cutting to boost its fourth-quarter results and allow it to hit its lowered 2009 profit target, the diversified U.S. manufacturer's chief financial officer said on Monday.
New home sales beat, Verizon job cuts, Oil demand to rise
Diversified U.S. manufacturer Honeywell International Inc reported a 38 percent drop in earnings that matched Wall Street's forecasts and cut its full-year profit forecast to the bottom of its prior range.
Alaska Governor Sarah Palin stepped down from her position on Sunday at 3p.m. local time and delivered a farewell speech, the following is her speech full transcript:
Stocks dipped on Monday as profit-taking and worrying outlooks from companies such as Aetna Inc overshadowed data that hinted the housing market was stabilizing.
Health care reform in U.S. is a hot topic discussed everywhere from President Obama to any adult who tried to access affordable healthcare in the past decade.
EU nations on Monday extended a ceasefire monitoring mission in Georgia for another year, but did not discuss the possibility of other countries, including the United States, joining the mission.
Republican Sarah Palin stepped down as governor of Alaska on Sunday, vowing in a farewell address to continue fighting for Alaskans but giving no hint on whether she will seek an elective office again.
Japan's top automakers will report weak first-quarter results hit by a stronger yen and production cutbacks, but most expect a steady improvement in coming quarters helped partly by government programmes to encourage car purchases and progress in cost-cutting.
U.S. funds T Rowe Price and TPG are among anchor investors for Indian utility Adani Power's initial public offer to raise as much as $623 million, two sources with knowledge of the deal said on Monday.
U.S. solar startup Suniva Inc said on Monday it completed a $75 million financing round led by private equity firm Warburg Pincus.
President Barack Obama called for deeper U.S.-Chinese economic cooperation on Monday and outlined a broad agenda for a positive relationship between two countries that do not always see eye to eye.
German solar bellwether SolarWorld on Monday kept its 2009 sales outlook, helping European solar stocks gain, as it said cost savings had helped it offset most effects of the sector's ongoing price slump.
European solar cell and module makers may be forced to speed up shifting production to Asia, rattled by rapid price declines and falling market shares.
China's eHi Car Rental Co Ltd, backed by venture capital firms including CDH Venture Investment and Jafco Asia, is planning an initial public offering in 2011 to fund expansion in the fast-growing but fragmented domestic car rental market, Chairman Ray Zhang said on Monday.
Debate over controversial EU laws on hedge funds shifted to the United States on Monday as a key industry body warned of protectionist aspects of the rules which have prompted Washington to lobby for changes. The Alternative Investment Management Association said the planned laws on alternative investment funds create potentially major difficulties and loss of business for funds and investors...
Troubled insurer American International Group Inc has formed a special-purpose vehicle for its AIU Holdings property-casualty unit, a key step toward selling at least part of that business.
The recession-fueled advertising downturn underlines the urgency of using the Web to glean data and target consumers directly, rather than blasting them with a barrage of TV-style ads, media executives say.
Diversified U.S. manufacturer Honeywell International Inc reported a 38 percent decline in earnings as a slump in the aviation and construction markets eroded demand for its products.
Stocks were poised to open little changed on Monday as reduced outlooks from diversified manufacturer Honeywell Inc and health insurer Aetna Inc sparked caution.
