Ford Motor Co. is shifting attention to rapidly growing markers such as the Asia Pacific region, which is expected to lead the global rebound in auto-buying. Just yesterday, Ford’s CEO said it would “accelerate its presence” in the region as it launched a new small car in India, and announced that it would open a [...]
US Federal Reserve Says Economy Improving, but Stresses Intention to Keep Key Interest Rates at Record Lows for Extended Period Citigroup Inc to Consider Shrinking North American Retail Branch Network to Six Metropolitan Areas Germany Lowers Planned Fourth Quarter Debt Sales by 22% on “Improved Funding Conditions” Japan’s Largest Brokerage, Nomura Holdings Inc to Raise [...]
Lowe’s, the second largest home improvement retailer in the United States, indicated yesterday that the Company is still cautious about forecasting a recovery starting in the first quarter of 2010. Lowe’s has been experiencing a fall-off in sales as the U.S. housing market buckled in the recession, putting a halt on many major renovation projects. [...]
Macy’s Inc led gains on the S&P 500 Index yesterday, rising 5.51%, versus the overall index gain of 0.66%. Macy’s CEO said the company expects to go beyond US$1 billion in Internet-based sales this year, a 13% climb over 2008. The shares were also driven by an upgrade to “Buy” from “Hold” at Citigroup Inc., [...]
Moody’s Investors Services Raises Brazil’s Credit Rating to Investment Grade, Increasing Rating One Level to Baa3 on “Strong Economic and Financial Resilience” Yahoo! Inc Expects to Increase Market Share in Asia in Upcoming Year, Company to Roll Out Record Global Marketing Campaign Worth USD 100mm Cadbury Plc’s Chief Executive Officer Says 15 Times Earnings Before [...]
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Qantas Airways Ltd. does not expect clear skies ahead for its business and the airline industry as a whole. In its 2009 annual report, Qantas’ chairman said that the global outlook is still up in the air, and that significant improvements in fundamentals are yet to be seen. He added that a steep rise in [...]
There’s no doubt that Perot Systems Corp shareholders are smiling all the way to the bank following Dell Inc’s agreement to acquire the IT company in an all cash deal worth US$3.9 billion. Under the terms of the transaction, which is set to be finalized between November 2009 and January 2010, Dell will offer to [...]
Asian Development Bank Raises 2009 Growth Forecast for Region to 3.9% from 3.4%, But Says Still too Early to Exit Stimulus Measures Bank of America Corp to Pay US Government USD 425mm to Cancel Unused Guarantee Related to Merrill Lynch & Co Takeover, But Faces New SEC Trial Related to Bonuses Ford Motor Co and [...]
Royal Bank of Scotland Considers Stock Issue to Replace Small Portion of Government Stake PepsiCo Inc’s Chief of International Businesses, Michael D White to Retire by End of 2009 International Monetary Fund (IMF) Considers Selling Gold to Help Fund Loans Japan Ready to Stop Progress of Initial Public Offerings (IPOs) of Japan Post Bank and [...]
After rallying almost 20% on Thursday following an announcement that it raised US$2.9 billion to boost its balance sheet, AMR Corporation failed to continue on that ascent yesterday. AMR Corporation’s American Airlines said yesterday that it expected lower mainline traffic as well as revenue in its third quarter. As a result of this, it will [...]