U.S. auto sales mixed in August
Major automakers posted mixed U.S. sales for August on Tuesday, as executives cautioned the embattled industry was facing reverberations from a weaker housing market and the shakeout in subprime lending. Industrywide sales for August were tracking at 16.1 million vehicles on an annualized rate, down from 16.2 million a year earlier.
SEC wants Germany's help in Siemens case: report
The U.S. Securities and Exchange Commission has made an official request for help to Germany's Justice Ministry in its investigation into suspected bribery and corruption at Siemens, a newspaper said.
September starts strong, boosted by tech, energy
Stocks jumped on Tuesday, helped by optimism about the outlook for technology spending and gains in oil prices that lifted energy shares.
HSBC's China fund plans major expansion
HSBC Holdings Plc's Chinese fund arm aims to launch two new funds over the next year amid feverish demand for asset management services fuelled by a bullish local stock market, the venture's head said on Tuesday.
Boeing sees China as No.2 mkt for 20 yrs
Boeing Co said on Tuesday China will remain its top market outside the United States for the next 20 years, as it vies with arch rival Airbus to supply the country's booming airline industry.
AstraZeneca says no big shift on India patent case
AstraZeneca Plc is not planning any major changes to its investments in India after a recent court ruling backed a law viewed as weakening patent protections, Chief Executive David Brennan said on Tuesday.
Bayer Schering sees Asia 2007 sales up 17 pct
Bayer Schering Pharma, the drug business of Germany's Bayer AG, expects its revenues in Asia to rise by around 17 percent to more than 1.9 billion euros.
Ford Sales Fizzle in August
Ford Motor Co. on Tuesday reported an overall 14 percent sales decline in August, hurt by a decline in showroom sales, but set a higher production target for the fourth quarter. Excluding Ford's European luxury brands and heavy-duty trucks, Ford's sales fell 15 percent in August.
Factory sector growth slows in August
Manufacturing expansion slowed in August as a decline in new orders led factory managers to opt for caution, while construction spending unexpectedly fell in July, according to data released on Tuesday.
Novastar to slash lending, jobs to save cash
NovaStar Financial Inc said on Tuesday that it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering, and its shares fell 14 percent.
Microchip sales rise on consumer electronics demand
Worldwide semiconductor sales rose 2.2 percent to $20.6 billion in July, an industry group said on Tuesday, helped by rising demand for consumer electronics.
Vodafone sees bright outlook for 3G phones in Spain
Vodafone sees glowing prospects for its position as Spanish market leader in third-generation (3G) mobile phone services, with 60 percent of its new customers opting for net-friendly handsets, more than overall market leader Telefonica.
In-game advertising company adopts TV ad model
Double Fusion, a private company that connects advertisers and video game publishers, rolls out new technology on Tuesday to allow advertisers to mount last-minute ad campaigns in games the same way they use spot TV ads.
Eurostar sets Paris-London train speed record
Eurostar set a new Paris to London rail speed record of just over two hours on Tuesday with the first train to use Britain's long-awaited high speed track at around 320 kilometers (about 199 miles) per hour.
IPhone outsells smartphones in July
Apple Inc's iPhone outsold all smartphones in the United States in July, its first full month on sale, accounting for 1.8 percent of all U.S. mobile handset sales, research group iSuppli said on Tuesday.
Gold hits six-week highs on firm demand
Gold hit a six-week high on Tuesday, helped by safe-haven buying and good physical demand, with investors awaiting the release of U.S. economic data that may change bullion's short-term direction.
Bush arrives for APEC after surprise Iraq trip
After a lightning visit to Iraq where he hinted at possible U.S. troop cuts, President George W. Bush arrived in Australia on Tuesday for an Asia-Pacific leaders' meeting amid heavy security and anti-war protests.
Millions face chaos as strike cripples London Tube
Millions of commuters in London endured travel chaos on Tuesday as a 72-hour strike by maintenance workers closed most of the underground rail network.
Huge Hurricane Felix hits Central America
Hurricane Felix slammed into Nicaragua and Honduras on Tuesday as a potentially catastrophic Category 5 storm, lashing remote coastal villages with violent winds and torrential rains.
Asia-Pacific coal rush worsens global warming: WWF
Growing dependence on cheap coal to power rapid economic growth in the Asia-Pacific could undermine efforts to reduce greenhouse gas emissions that is blamed for harmful changes in the world's climate, experts said on Tuesday.
Kraft in deals with Starbucks, Bosch over Tassimo
Kraft Foods Inc said on Tuesday it struck deals for Starbucks coffee to be sold for its Tassimo hot beverage machine and to replace the current manufacturer of the Tassimo machine with Bosch Household Appliances.
First American expects to cut another 1,300 jobs
Title insurer First American Corp. said on Tuesday that it expected to reduce personnel by about 1,300 in the third quarter, citing rapidly changing economic conditions.
MetroPCS offers to buy Leap Wireless
Wireless service provider MetroPCS Communications Inc said on Tuesday it proposed buying competitor Leap Wireless International Inc for more than $5 billion in stock.
Acacia says unit resolves patent suit with Oracle
Acacia Research Corp said its Disc Link Corp unit agreed with Oracle Corp to resolve a pending lawsuit on patents relating to portable storage devices with links that can retrieve added data through the Internet.
Franklin Templeton buys into Dubai asset manager
Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai's Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday.
Deutsche Boerse sidesteps question on LSE interest
Deutsche Boerse declined to comment when asked on Tuesday whether the group was interested in U.S. Nasdaq Stock Market Inc's stake in London Stock Exchange.
Lindt CEO says considering buying Godiva: report
Swiss chocolate maker Lindt & Spruengli is considering buying Campbell Soup Co.'s Godiva Chocolatier brand, its chief executive told the Financial Times Deutschland newspaper.
Firms, banks begin to shed subprime caution
Companies showed signs of shrugging off the caution that has enveloped the world economy since a credit crisis broke, as investors looked on Tuesday to U.S. data to gauge the likelihood of a Federal Reserve rate cut.
Nikkei falls before U.S. data, Fast Retailing down
The Nikkei average lost 0.6 percent on Tuesday on caution ahead of a wave of U.S. economic data, while clothing company Fast Retailing Co Ltd extended its slide after announcing further acquisition plans.
GDF, Suez stocks slip again on merger doubts
Uncertainty about the revised terms of the planned merger of Gaz de France and Suez and worries about a possible interference of the French state in the new power giant nagged the companies' shares again on Tuesday.
