IBT Staff Reporter

122221-122250 (out of 154945)

Hyundai Mobis wins $2 billion order from Chrysler

South Korea's largest car parts maker Hyundai Mobis Co (012330.KS) has won a $2 billion order from Chrysler for chassis modules to be used in two Chrysler car models, sending its shares up more than 7 percent.

The Global Impact of America's Housing Crisis

The bursting of America's housing bubble in the summer of 2006 triggered the global financial crisis and recession. The sharp fall in house prices that followed caused a dramatic downturn in household wealth, leading to lower consumer spending and an overall fall in GDP. By now, wealth in the form of owner-occupied housing is down about 30%, equivalent to a loss of more than $6 trillion of househo...

Maersk seeks up to $1.8 billion in share placement

Danish conglomerate A.P. Moller-Maersk is readying a war chest for proceeds from a $1 billion-plus share placement and crossing its fingers the container shipping market may recover in the fourth quarter.

Volkswagen to reduce outsourcing, exec tells paper

Volkswagen (VOWG.DE) plans to manufacture more car parts itself rather than buying from outside suppliers as part of a bid to boost productivity, the German carmaker's head of production told a German newspaper.

Exclusive: EC could delay Oracle-Sun deal: sources

The European Commission could decide to delay Oracle Corp's $7.4 billion acquisition of Sun Microsystems Inc with less than 48 hours to go before a deadline, two sources familiar with the situation said on Tuesday.

Superior to buy Sunoco's fuel distribution biz

Canada's Superior Plus Corp said it agreed to buy Pennsylvania-based Sunoco Inc's retail heating oil and propane distribution business for about $82.5 million in cash, to expand its fuel distribution business in the United States.

Global factory output rising; clunkers boost U.S.

Manufacturers from several countries including the United States produced some upbeat news on Tuesday, indicating that a recovery from the deepest global downturn since World War Two is slowly gaining traction.

Las Vegas Sands to sell $600 mln in bonds

Las Vegas Sands Corp, the world's largest casino firm, has secured commitments to raise up to $600 million through the sale of exchangeable bonds, the company said on Wednesday.

S.Africa's Treasury looking at MTN, Bharti application

South Africa's Treasury said it was processing an exchange control application from MTN for a proposed tie-up with India's Bharti Airtel, in the clearest indication yet that the deal is proceeding despite some shareholder opposition.

IQE sees H2 sales up; shares fall on profit-booking

British technology firm IQE Plc forecast a significant growth in sales during the second half and beyond with trading returning to pre-recession levels, but its shares fell 11 percent as investors booked profits.

Canadian auto sales drop for 10th straight month

Auto sales in Canada fell for a 10th straight month in August, industry figures showed on Tuesday, though Ford managed to maintain the sales and market-share momentum that it gained in the middle of the industry crisis.

Brown denies double-dealing in Lockerbie case

British Prime Minister Gordon Brown said on Wednesday that his government had put no pressure on Scotland to release the Lockerbie bomber early to improve Britain's trade links with Libya.

Iran nuclear threat hyped: IAEA's ElBaradei

Iran is not going to produce a nuclear weapon any time soon and the threat posed by its atomic program has been exaggerated, the U.N. nuclear watchdog chief said in a published interview.

Men who stay trim less apt to get prostate cancer

Men who put on a significant number of pounds after their 20s face a higher risk of prostate cancer than those who remain close to their youthful weight -- but the effects vary by race, a new study indicates.

U.S. auto sales boom; Hyundai, Ford gain ground

U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy.

U.S. panel rejects Genzyme leukemia drug study

Genzyme Corp should run a new study before the company can win approval to promote a pediatric leukemia drug for older adults with an aggressive blood cancer, a U.S. advisory panel said on Tuesday.

Pages