Volkswagen AG Agrees to Buy a 20% Stake in Japanese Carmaker Suzuki Motor Corp for JPY 222.5B or USD 2.5B Giving it Access to Increased Expertise in Small Cars and the Indian Marketplace President Obama is Expected to Announce Later Today That He Will Extend the Life of the USD 700B Financial Bailout Fund Until [...]
UK Unemployment Rises in Three Months to September Cutting 30k Jobs, the Smallest Increase Since May 2008, Jobless Rate Remains at 7.8% China Industrial Production Rises Faster-Than-Expected in October Jumping 16.1% Year-Over-Year on the Country’s Huge Stimulus Measures Apple Inc Surpasses Rival Nokia Corp to Become Most Profitable Handset Vendor in September Quarter on Strong [...]
Centrica Group PLC Gains Majority Control (50.3%) of Venture Production PLC after 5-Month Takeover Battle UK Business Confidence Up for First Time in Two Years with Institute of Chartered Business Accountants’ Business Confidence Monitor (BCM) Rising to 4.8 in Second Quarter from -28.2 in First Quarter Toyota Motor Corp Recalls 690k Vehicles Manufactured in China [...]
Royal Dutch Shell Plc Beats Estimates Posting a 70% Decline in Second Quarter Net Income to USD 2.34B from a Year Earlier German Unemployment Unexpectedly Falls for First Monthly Decline in Nine Months in July, Adding 6,000 Jobs to Reduce Jobless Rate to 8.3% Visa Inc Reports Better-Than-Expected Third Quarter Earnings Rising 73% to USD [...]
CIT Group Inc to Announce Deal for USD 3B Rescue Financing from Bondholders to Avoid Bankruptcy National Association for Business Economics’ (NABE) Quarterly Survey Indicates US Economy Appears to be Improving, but Downturn Not Over UK Economy to Contract 4.5% in 2009, Worse than Government’s Forecast of 3.5% and the Biggest Decline in A Single [...]
General Motors Corp Wins Approval to Sell Profitable Assets to New, Government-Backed Company India to Borrow Record USD 93B to Finance Budget Porsche SE Cut to “Sell” from “Neutral” by UBS AG on Rising Debt, Increasing Possibility that it Will Sell its 20% Holding in Volkswagen AG China Launches Experimental Plan to Allow Trade to [...]