IBT Staff Reporter

110971-111000 (out of 154944)

WHO probing drug resistant swine flu

The World Health Organization is looking into reports in Britain and the United States that the H1N1 flu may have developed resistance to Tamiflu in people with severely suppressed immune systems, a spokesman said Tuesday.

Deere reports quarterly net loss

Deere & Co , the world's largest maker of tractors and harvesters, reported a quarterly net loss on Wednesday on weak equipment sales and a series of one-time charges.

Johnson Matthey see uncertain auto recovery

First-half pretax profit at Johnson Matthey fell by a fifth and the world's largest supplier of catalytic converters warned on Wednesday that prospects for a recovery in global auto sales were uncertain.

SAIC to make MG 6 in UK, upbeat on own-brand car

SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.

Faurecia CEO: Plastal fits consolidation strategy

The head of Faurecia SA said on Wednesday that bumper maker Plastal could be a good match for the French parts maker, adding that his company was looking to be a consolidating force in the auto parts industry.

Donny Osmond dances to victory on Stars finale

Donny Osmond danced his way to victory on Tuesday, winning the 9th season of the hit ABC television show Dancing With the Stars after wowing the judges with his irrepressible determination and final tango.

TIMELINE-Chinese automakers chase global profile

Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' Saab unit.

Nude photo of Sharon Tate, Roman Polanski set for auction

A nude photo of film director Roman Polanski, who is now being held in a Swiss prison, and his wife Sharon Tate taken shortly before she was brutally murdered, will be sold at an upcoming auction where it could fetch more than $10,000, organizers said.

GM's Saab sale collapses as buyer backs out

A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.

NZ passes carbon trade laws, Australia edges closer

New Zealand's revised emissions trading plan passed into law on Wednesday, while neighboring Australia moved a step closer to ending a deadlock stalling its carbon-trade legislation ahead of a vote this week.

U.S. jobless claims tumble in latest week

The number of U.S. workers filing new applications for jobless insurance tumbled last week by a surprisingly large amount to the lowest level in more than a year, according to government data on Wednesday that gave fresh evidence the battered labor market is improving.

Tiffany profit beats; view raised ahead of holiday

Tiffany & Co reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upscale jeweler's shares up nearly 6 percent.

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