IBT Staff Reporter

120121-120150 (out of 154943)

Toyota plans $1 bln marketing, more hybrids

Toyota Motor Corp (7203.T) is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also planning to expand its line of hybrid models under the Prius name, the Wall Street Journal reported on Thursday.

Goldman downgrades Medco Health to neutral from buy

Goldman Sachs downgraded Medco Health Solutions to neutral from buy on valuation and said anticipation over a potential captive pharmacy benefit manager (PBM) acquisition has been adding support to the company's shares.

TIMELINE: China car makers eye global brands

Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, has approached Canadian auto parts maker Magna International about possibly taking a stake in Opel, a source said.

Billionaire Ross eyes European auto supplier

The global auto supply sector needs further consolidation, U.S. billionaire investor Wilbur Ross said, adding he was looking at potential acquisition targets, including at least one in Europe.

Steps by developing nations to fight climate change

Major developing nations have announced steps over the past year to curb their growing greenhouse emissions as the world tries to negotiate a broader, and tougher, U.N. pact to slow the pace of climate change.

UK gas climbs on US, oil rallies; power soft

British gas prices firmed early on Thursday following a strong rally in the U.S. natural gas market overnight and firm oil prices, while prompt power prices eased on solid supply margins.

Wall Street set for lower open after FedEx, data

U.S. stock index futures pointed to a flat to lower open on Thursday as FedEx Corp reported in-line quarterly profits and even as the latest labor and housing data indicated an economic recovery was gaining steam.

India's Petronet to build 2 power plants - report

Petronet LNG, India's biggest gas importer, plans to build two power plants for about 70 billion rupees ($1.5 billion) partly funded through a rights equity issue, the Economic Times reported on Thursday.

Japan energy min aims to expand power feed-in tariff

Japan's new energy minister said he aims to expand the nation's electricity feed-in tariff scheme to other energy sources beyond solar power within two years, to help meet the new government's goals to cut greenhouse gas emissions by 25 percent below 1990 levels by 2020.

Oil falls to around $72 after stock rise

Oil prices fell to around $72 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset positive sentiment in other markets.

Geely discussed Opel stake with Magna: source

China's Geely Automobile has approached Magna International about joining the Canadian auto part maker's bid for Opel, a source familiar with the matter said, as China chases Western brands and the technology it needs to drive future growth.

SCE Calif. San Onofre 2 reactor exits outage

Southern California Edison's 1,070-megawatt Unit 2 at San Onofre nuclear power station in California exited an outage and ramped up to 60 percent power by early Thursday, the U.S. Nuclear Regulatory Commission said in a report.

U.S. housing starts, permits at 9 month high

New U.S. housing starts and permits rose in August to their highest level in nine months and the number of people filing of unemployment benefits fell last week, evidence a solid economic recovery was underway.

Skype founders sue eBay, investors

The founders of Skype have sued owner eBay Inc and an investor group that has agreed to buy the Webphone service, accusing them of copyright violation and potentially disrupting the $1.9 billion deal.

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