Retail sales dip in July, import prices up

U.S. retail sales edged down 0.1 percent in July on a big drop at auto dealers, the government said on Wednesday in a report […]

$2.2B ‘cash offer’ for Imperial Energy

Independent oil and gas group Imperial Energy Corp. PLC confirmed Monday that it has received an approach regarding another "possible cash offer" for the […]

Jury sides with Mattel in copyright case

A lawyer for Mattel Inc. says a jury has ruled that a designer conceived a competitor’s Bratz doll characters while working for Mattel.
John Quinn, […]

Unilever profit up 34%

Unilever on Thursday reported a better-than-expected 34% rise in first-quarter profits, partly because of asset sales, and raised its full-year sales growth target.
The maker […]

ICBC Q1 profit surges; takes further subprime hit

Industrial and Commercial Bank of China (1398.HK: Quote, Profile, Research)(601398.SS: Quote, Profile, Research), the world’s biggest bank by market value, posted a 77 percent […]

Fed’s Rosengren says banks must recapitalize

A top Federal Reserve official said on Friday banks must raise capital to shield themselves from future losses and it would be better to […]

Chrysler is on track, president says

NEW YORK–Jim Press, vice-chair and president of Chrysler LLC, said yesterday the privately held automaker remains on track to meet its financial targets and right-size […]

Toyota finds success is a bitter-sweet pill

General Motors Corp CEO Rick Wagoner boasts about the number of markets where the U.S. automaker is number one. Toyota Motor Corp President Katsuaki […]

STARBUCKS: U.S. plans are cut back

Starbucks Corp. said Wednesday that its fiscal first-quarter profit rose by less than 2 percent, and it detailed plans to open fewer domestic stores […]

Northern Rock sells equity release mortgages portfolio

Beleaguered mortgage lender Northern Rock has agreed to sell its portfolio of Lifetime home equity release mortgages to US investment bank JP Morgan.
It said the […]