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Ford CEO says can still hit '09 profitability goal

Ford Motor Co. Chief Executive Alan Mulally said on Monday that the No. 2 U.S. automaker was keeping its target to return to the black by 2009, although the world economy might be hurt by the U.S. mortgage crisis.

Dell ties up with GOME to sell PCs in China

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Dell Inc, the world's No.2 personal computer maker, said it would sell its latest range through China's largest electronics retailer, GOME Group, aiming to improve on its single-digit mainland market share.

Greenspan faults Democrats on trade

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Former Federal Reserve Chairman Alan Greenspan on Sunday faulted Democrats, including presidential candidate Sen. Hillary Clinton, for moving away from former President Bill Clinton's embrace of globalization.
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Four suitors vie for Ford's European brands: sources

Four firms remain in the race to buy Ford's European luxury brands Jaguar and Land Rover after India's Mahindra & Mahindra and vulture fund Cerberus pulled out, people familiar with the matter said on Monday.
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Gold near 28-year peak, targets new highs

Gold gained on Monday and hovered near a 28-year high after a weak U.S. dollar spurred buying from investors and speculators, who believed the price could rise further as fundamentals supported the metal.
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Russia eyes new aviation glory with Superjet

Russia will seek a boost for President Vladimir Putin's bid to revive its once mighty aviation industry this week, by rolling out its first modern commercial airliner for the global market -- the Superjet.
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The secret billionaire giveaway

He wears a $15 watch, flies economy class and does not own a house or car. For years few guessed that Chuck Feeney was one of the world's biggest philanthropists, secretly giving away his billionaire fortune.
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Asia stocks move higher; dollar weak

A leading Asia-Pacific stock index hit a record high on Monday as shares took their cue from gains on U.S. markets late last week, though trading was light due to holidays in Japan, South Korea and Taiwan.
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World markets still affected by fear: Greenspan

Fear is still affecting world financial markets, former Federal Reserve Chairman Alan Greenspan said in an interview released on Sunday in which he also backed France's candidate to head the IMF.
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Dollar dips to 15-year low as slide extends

The dollar dipped to a 15-year low against a basket of currencies on Monday and hovered near a record low against the euro as investors shrugged off more gripes about the single currency's strength from French officials.
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China seizes on Mattel apology to emphasize safety

China highlighted Mattel's apology over its recall of huge numbers of toys on Monday to press its claim that Chinese exports are generally safe and foreign politicians and media have unfairly hyped quality scares.
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Oil Spike: Insult to Injury

A steep cut in U.S. interest rates should have eased debt worries but inflation in oil and food prices is a concern.
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Ramones member sues Apple and Wal-Mart

A former drummer from the 1980s punk band, The Ramones, sued Apple Inc, Wal-Mart Stores Inc, RealNetworks Inc and others for copyright infringement, claiming the companies lacked permission to sell downloads of six songs he authored.
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Market advances as helped by tech shares

U.S. stocks jumped on Friday as higher-than-expected results from software maker Oracle Corp and a share buyback from Texas Instruments Inc boosted technology shares.
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HSBC to close subprime unit

HSBC Holdings Plc, Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million in charges and write-downs, because the business is no longer sustainable. It was the latest blow from the meltdown in the U.S. market for loans to home buyers with poor credit histories.
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EU clashes with U.S. over airline emissions trade

The European Union will press ahead with plans to include aviation in its emissions trading system despite United States' efforts through a U.N. body to discourage it, a spokeswoman for the EU executive said on Friday.
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GM, UAW to resume talks later Friday

General Motors Corp and the United Auto Workers union broke off negotiations early on Friday and agreed to return to the bargaining table later in the day, as 73,000 GM workers returned for another day of work without a new contract.
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Oil slips below $82 on storm concerns

Oil prices slipped a little on Friday, after hitting a succession of record highs this week which were fuelled in part by oil company production shutdowns in the Gulf of Mexico because of a storm threat.Oil slipped below $82 on Friday, but was still close to record highs because of concerns over supply disruptions from a storm in the Gulf of Mexico.
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Gold hits 28-year highs in Europe on ailing dollar

Gold rose to its highest in nearly three decades on Friday as a struggling U.S. dollar lifted its safe-haven appeal and purchases from speculators helped the metal defy selling pressure.Gold hit a 28-year high in Europe on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors.
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Bernanke: Fed eased to "get out ahead" of crisis

Federal Reserve Chairman Ben Bernanke said on Thursday the central bank slashed interest rates this week to brace the U.S. economy against damage from financial turmoil but warned the outlook remains uncertain.

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