Malaysia's Perodua to invest $771 mln until 2015
01/15/2013 12:31am
Malaysian compact car maker Perodua says it will invest 2.32 billion ringgit ($771 million) over four years in an aggressive expansion after sales rose 5 percent last year to a record high.
Ex-EBRD director charged with attempted bribery
01/15/2013 1:24am
Russian authorities on Tuesday charged a former Russia director at the European Bank for Reconstruction and Development with conspiracy to take a $1.4 million bribe.
HK billionaire Li buys NZ waste company for $412M
01/15/2013 2:06am
A Hong Kong company controlled by Asia's richest man said Tuesday that it's buying New Zealand's second biggest waste disposal company.
HMV suspends share trading, seeks rescue
01/15/2013 4:10am
British music and entertainment retailer HMV admitted defeat on Tuesday after more than 90 years on the U.K high street, suspending trading in its shares and calling in administrators to try to salvage any viable parts of the business.
Report: Europe luxury destination for Chinese
01/15/2013 6:55am
A report says Europe is surging as a popular luxury destination for Chinese millionaires.
Germany's Air Berlin to cut 1 in 10 jobs
01/15/2013 8:52am
Loss-making German carrier Air Berlin says it will cut about one in ten jobs over this and next year.
Colo. brewer New Belgium now employee-owned
01/15/2013 9:18am
The company that makes Fat Tire beer is now completely owned by its employees.
S. Africa mine threatens closure, loss of 14k jobs
01/15/2013 9:33am
The world's largest platinum producer said Tuesday it will close some operations, sell one mine in South Africa and cut 14,000 jobs, just months after mining strikes turned violent, killing dozens of people.
News Summary: HMV suspends trading, seeks rescue
01/15/2013 9:41am
END OF ERA: British music and entertainment retailer HMV admitted defeat on Tuesday after more than 90 years in business, suspending trading in its shares and calling in administrators to try to salvage viable parts of the business.
News Summary: Venezuela has food shortages
01/15/2013 9:49am
FORAGING: Venezuelans have long had to shop around to find scarce foods, and lately consumers have had particular trouble finding staples like chicken, cooking oil, sugar and coffee.
Chevy Volt goes upscale in new electric Cadillac
01/15/2013 9:52am
General Motors is trying to take the Chevrolet Volt's electric technology upscale with a new Cadillac.
ConocoPhillips selling some assets for $1.05B
01/15/2013 9:58am
ConocoPhillips is selling some properties in North Dakota and Montana to a subsidiary of Denbury Resources Inc. for $1.05 billion.
Budvar secures Budweiser trademark in Britain
01/15/2013 10:14am
A British court has rejected for good brewery Anheuser-Busch's request to block rival Budvar from selling its beer under the Budweiser trademark in the country, the latest ruling in a long legal battle over the brand name.
Jet engine maker Pratt & Whitney cuts 350 jobs
01/15/2013 10:20am
Jet engine maker Pratt & Whitney says it's cutting 350 salaried workers, about 200 of those jobs are in Connecticut.
News Summary: Scientists strive for $1.3B in funds
01/15/2013 10:27am
GEEKS R US: Teams of scientists from across Europe are vying for a funding bonanza in which two of them can receive up to (EURO)1 billion ($1.33 billion) over 10 years.
Fitch warns it may downgrade US over debt standoff
01/15/2013 10:39am
The United States could lose its top credit rating for the second time from a leading agency if there's a delay in raising the country's debt ceiling, Fitch Ratings warned Tuesday.
Ford shows pickup concept in Detroit
01/15/2013 10:59am
Ford is trying to keep its rivals at bay with a concept that hints at the look of the next F-Series pickup.
Hot cars at the Detroit auto show
01/15/2013 11:32am
The North American International Auto Show begins this week in Detroit with media and industry previews. It opens to the public Jan. 19.
Lexus upgrades entry-level luxury with 2014 IS
01/15/2013 11:36am
For the latest incarnation of its entry-level luxury line, Lexus says it started with an idea of the experience its drivers wanted and worked to make that happen.
Holiday sales rose 3 percent, retail group says
01/15/2013 12:03pm
Holiday sales rose 3 percent, a major retail trade organization said Tuesday well below its forecast for a 4.1 percent gain.
News Summary: Portugal sets tax hikes amid outcry
01/15/2013 12:06pm
NEW RATES: Portugal's government has published new tax rates that critics say will deepen hardship and doom hopes for an economic recovery.
Automakers agree to build Jeeps for China market
01/15/2013 12:38pm
Fiat, Chrysler and a Chinese automaker announced Tuesday that they have signed an agreement to expand vehicle manufacturing in China and produce the Jeep for sale in that market.
Kia moves into North American premium sedan market
01/15/2013 12:41pm
Kia is making a move into the North American premium sedan market with the 2014 Cadenza, aiming for buyers looking for a car in the gap between mainstream and luxury.
US taps pension fund to avoid passing debt limit
01/15/2013 2:21pm
Treasury Secretary Timothy Geithner says the government has begun borrowing from the federal employee pension fund to keep operating without surpassing its debt limit.
USA Compression Partners falls in market debut
01/15/2013 2:37pm
USA Compression Partners LP fell in its market debut on the New York Stock Exchange after raising $198 million in its initial public offering of stock.
USDA offers loans to farmers who grow for locals
01/15/2013 3:01pm
With interest in locally grown food soaring, the federal government said Tuesday it has created a small loan program to help community farmers who might not be able to borrow money from banks.
Banks say new agency's oversight is slow, costly
01/15/2013 3:26pm
Bankers and financial industry leaders are criticizing the early efforts of the government's new consumer finance watchdog, saying a slow and inefficient oversight process has slowed lending and made it more difficult for them to do business.
GM predicts modest profit growth in 2013
01/15/2013 3:34pm
General Motors expects only a modest increase in pretax profits this year as it rolls out multiple new cars and trucks worldwide.
American Airlines agents narrowly reject union bid
01/15/2013 3:45pm
Customer-service agents at American Airlines narrowly rejected a union's bid to represent them in collective bargaining with the company.
Browning: VW expects more US growth in 2013
01/15/2013 4:04pm
New vehicles and lower prices helped Volkswagen AG to its best U.S. sales year ever in 2012. But it has even bigger plans.
Super hero-themed vehicles promote fighting hunger
01/15/2013 4:42pm
Two super hero-themed vehicles at the auto show in Detroit are there for more than just their flashy looks.
Hot Wheels edition Camaro has toy-themed touches
01/15/2013 4:43pm
The Hot Wheels edition of the Chevrolet Camaro at the Detroit auto show offers a little something for car lovers, kids and kids at heart.
Lentz: Toyota winning back buyers with new models
01/15/2013 4:46pm
Toyota is on a roll after two difficult years, when it was hit by a string of safety recalls and then by the earthquake in Japan.
Vail Resorts trims fiscal 2013 profit forecast
01/15/2013 4:54pm
Vail Resorts Inc. is trimming its profit forecast for fiscal 2013, after reporting weak snowfall through mid-December at its Colorado ski resorts.
Wal-Mart to hire vets, buy more American products
01/15/2013 6:20pm
Why wait on Washington when there's Wal-Mart?
PokerStars parent firm wants to buy NJ casino
01/15/2013 7:22pm
An Internet gambling company wants to buy Atlantic City, N.J.'s Atlantic Club casino and says it's ready to pump money into it to help prop up the seaside gambling resort.
'Motherfields' providing unique way for Ore. women to work and parent
01/15/2013 7:46pm
A new Portland area business caters to moms struggling with working at home while raising an infant or toddler. It's called Motherfields.
Taiwan lawmakers approve reduced budget
01/15/2013 8:25pm
Taiwan's legislature approved the 2013 government budget after cutting proposed spending by 2 percent amid an expected tax shortfall in the lackluster economy.
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