VW sees tough year-end; Mazda ups FY target

Europe’s largest carmaker Volkswagen said business remained tough after third-quarter earnings plunged on Thursday, while Japan’s Mazda predicted a smaller full-year operating loss.
French carmaker […]

Treasury talks to GMAC about more cash

The Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official […]

European Loans Post First Annual Decline on Record

Loans to households and companies in Europe posted their first annual decline on record in September as the economic slump curtailed demand for credit […]

Merkel Finance Chief Sees No Chance for Balanced Budget in Term

German Chancellor Angela Merkel’s Finance Minister-designate Wolfgang Schaeuble said there’s no way he’ll balance the budget in four years as he enacts 24 billions […]

UK still in recession after shock Q3 contraction

Britain’s economy contracted unexpectedly in the third quarter of this year, squashing hopes of an end to the downturn and instead making the current […]

Lilly profit tops Street view, but shares fall

Eli Lilly and Co posted third-quarter profit well above Wall Street expectations on Wednesday on strong performance of its major prescription drugs and lower […]

MBAs get schooled in ethics

Rod Kramer thought it was going to be just another dinner at the Stanford Executive Program last summer.
An affable, popular professor at the […]

Treasuries Show No Lost Appetite With Zero Dollar Returns

Investors can’t get enough Treasuries even as the U.S. budget deficit climbs beyond $1 trillion, the government sells a record amount of debt and […]

Chinese man arrested in U.S. for stealing Ford docs

A Chinese man who formerly worked at Ford Motor Co has been arrested and charged with stealing trade secrets, including sensitive design documents, from […]

Investment banking powers JPMorgan profit

JPMorgan Chase & Co quarterly profit rocketed to a much-higher-than-expected $3.6 billion as bond trading revenue surged, boosting optimism about a rebound in top […]