Exclusive: Ford to overhaul Lincoln brand, this time with big bucks
Ford Motor Co's (F.N) new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.
Oct 27, 2014 11:06 AM EDT
China's auto market growth may halve to 7 percent this year: industry body head
Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.
'We won't pay,' furious Cameron tells EU over surprise bill
In a vivid display of fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro bill on Friday as EU leaders ordered an urgent review of the calculations used.
Wall St. climbs on Procter & Gamble, Microsoft
U.S. stocks advanced on Friday, buoyed by gains in Microsoft and Procter & Gamble after their quarterly results and as steps towards expediting the development of vaccines for Ebola eased concerns over its possible spread in the United States.
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Microsoft sales beat Street hopes, cloud profits up
Microsoft Corp (MSFT.O) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.
Oct 24, 2014 12:05 PM EDT
Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone
Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same.
Oct 24, 2014 11:59 AM EDT
GM posts higher-than-expected profit on strong North American demand
General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.
Oct 24, 2014 11:45 AM EDT
In emerging Indonesia, Honda's Mobilio muscles in on Toyota's turf
Honda Motor's (7267.T) Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor (7203.T) in Indonesia, the latest battleground for global carmakers.
Oct 24, 2014 11:39 AM EDT
Ford's lower profit beats estimates; sales down on F-150 launch
Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.
Oct 24, 2014 11:33 AM EDT
The tax hit that loyal investors will take in 2014
If you are the kind of steadfast investor who buys a mutual fund and holds it forever, prepare to pay for your loyalty next April, when you settle up your 2014 tax bill.
Oct 23, 2014 12:15 PM EDT
U.S. student loan debt is not killing homeownership
Is surging student debt really preventing an entire generation from becoming first-time homebuyers? Is surging student debt really preventing an entire generation from becoming first-time homebuyers? That's true, to an extent, but also mischaracterizes education debt as holding most people back, rather than helping them get ahead.
Oct 23, 2014 12:11 PM EDT
U.S. factory activity growth slips in October: Markit
The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.
Oct 23, 2014 12:02 PM EDT
U.S. jobless claims data point to firming labor market
The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.
Oct 23, 2014 11:59 AM EDT
Wall Street jumps 1 percent in broad rally on results
U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally as strong results, including from two Dow components, reassured investors that corporations continue to fare well despite concerns about global economic growth.
Oct 23, 2014 11:56 AM EDT
Nissan recalling 260,000 vehicles globally with Takata air bags
Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp.
Oct 23, 2014 11:50 AM EDT
U.S. prosecutors probe Takata Corp over statements: WSJ
U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp (7312.T) misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp (7203.T) and Honda Motor Co Ltd (7267.T), The Wall Street Journal reported on Wednesday.
Oct 23, 2014 11:38 AM EDT