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Tengzhong says Hummer deal on track

Sichuan Tengzhong Heavy Industrial Machinery, the surprise bidder for General Motors Corp's Hummer brand, said on Sunday the deal should be concluded in the coming quarter.

Saab says likely to unveil new owner this week

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Carmaker Saab said on Monday it was likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed writedown of the loss-making General Motors brand's debt.
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Qatar to order jets, U.S. axes F-22 display

An order from Qatar Airways looked set to brighten a glum start to a rain-soaked Paris Air Show on Monday as the Gulf carrier displays its financial muscle in the face of competing airlines bludgeoned by recession.
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Boeing sees mid-2010 commercial plane recovery

The commercial aircraft chief of U.S. planemaker Boeing expects growth to return to the industry in the middle of next year, he told a news conference at the Paris Air Show on Monday. The recovery would be in both air freight and air traffic, though the big question remained the shape and scope of the upturn, Scott Carson said.
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Wall St set to extend global equity slide

U.S. stock index futures pointed to a sharp slide on Wall Street on Monday as a resurgent U.S. dollar drove a pullback in the prices of oil and other commodities.
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Mainstream makes first U.S. wind power investment

Ireland's Mainstream Renewable Power bought three wind farms in Illinois and plans to spend $1.7 billion to ramp capacity up to 787-megawatts by 2013, marking its first investment in the United States.
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Stock futures signal losses as oil retreats

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 1.2 percent, Dow Jones futures down 1 percent, and Nasdaq 100 futures down 1.1 percent at 0905 GMT.
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Le Bourget haunted by jet crash, economy

Gloomy aviation leaders gather for the Paris Air Show on Monday expecting only a handful of new business to bolster an industry mourning the Atlantic jet disaster, economic crisis and new concerns about swine flu.
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CIA chief believes Cheney almost wants U.S. attacked

CIA director Leon Panetta says it's almost as if former vice president Dick Cheney would like to see another attack on the United States to prove he is right in criticizing President Barack Obama for abandoning the harsh interrogation of terrorism suspects.
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Biden casts doubt on Ahmadinejad's re-election

U.S. Vice President Joe Biden on Sunday cast doubt on the re-election of Iranian President Mahmoud Ahmadinejad, saying Tehran's actions against dissent suggest the results may not be clear-cut.
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U.S. special operations leader takes Afghan command

A veteran commander of top-secret special operations takes charge of the nearly 90,000 U.S. and NATO troops in Afghanistan Monday, promising to limit the civilian deaths that have cost Western troops Afghan support.
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Europe suffers first H1N1 death

Europe recorded its first death from H1N1 flu on Sunday after Scottish health officials said a patient with the disease had died, just days after the World Health Organisation labelled the outbreak a global pandemic.
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Scottish death marks Europe's first H1N1 fatality

Europe recorded its first death from H1N1 flu on Sunday after Scottish health officials said a patient with the disease had died, just days after the World Health Organization labeled the outbreak a global pandemic.
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Nigerian rebels say hit another Chevron facility

Nigeria's main militant group said on Monday it had sabotaged an oil pumping station in the Niger Delta operated by Chevron, the fifth attack claimed against the U.S. energy company in less than a month.
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Obama to lobby doctors on healthcare reforms

With Congress working to flesh out controversial elements of his healthcare reform plan, President Barack Obama will make his case for a public insurance program to the nation's doctors on Monday, seeking to overcome their resistance.
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Lula leads confident Brazil to new world role

When a former peanut vendor and radical union leader with little schooling became Brazil's president in 2003, many believed Latin America's underperforming giant had shot itself in the foot once again.
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China lays road to global role with economic cement

Last week hosting the Americans. Next week visiting Russia. China's busy diplomacy amid the economic crisis reflects growing sway that some say has brought the moment for Beijing to don the cape of a full super-power.
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BRIC seeks global voice at first summit

The leaders of the world's biggest emerging markets -- Brazil, Russia, India and China -- meet in the coming week for their first formal summit, seeking a louder voice on the global stage.
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Netanyahu bows to Obama, accepts Palestinian state

Israeli Prime Minister Benjamin Netanyahu responded on Sunday to uncommon pressure from Washington by finally giving his endorsement -- with conditions -- to the establishment of a Palestinian state.
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Mousavi supporters plan rally in Tehran

Supporters of Iran's defeated presidential candidate plan a rally in Tehran on Monday to protest against the re-election of Mahmoud Ahmadinejad, which has sparked two days of violent demonstrations in the capital.

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