Business - Companies

 

Swedish Auto Industry Buckling Under Recessionary Pressure

Nov 2, 2009, 11:00 pm

The global financial crisis struck not only Swedish car manufacturers Volvo and Saab, but also their subcontractors.

Ford Motor Surprises with Almost $1 Billion in Q3 Profit

Nov 2, 2009, 10:00 am

Ford Motor Company surprised analysts with a robust $997 million profit in the third quarter.

Ford Posts Surprise Profit, Sees Profit in 2011

Nov 2, 2009, 10:00 am

Ford posted a quarterly profit due to cost cuts and market share increases, beating Wall Street forecasts.

Biotech Giant Amgen Sued Over Kickback Schemes

Nov 2, 2009, 1:00 am

New York and 14 other states sued biotech giant Amgen Inc. last Friday for giving medical personnel kickbacks.

Nine Banks Fail In One Day

Nov 1, 2009, 5:00 pm

Nine banks controlled by Illinois private holding company FBOP Corp. failed last Friday.

Sony, Panasonic Outlooks Suggest Sector Recover

Oct 30, 2009, 5:00 am

Sony Corp and Panasonic Corp signalled the worst may be over for the world's two largest consumer electronics makers.

Oil Companies’ Earnings Stung by Recession

Oct 29, 2009, 9:00 pm

Energy firms were stung last quarter by weak oil and natural gas prices and lowered demand.

US Airways to Cut 1,000 Jobs, Reduce Service

Oct 28, 2009, 3:00 pm

US Airways Group announced that it will cut 1,000 jobs as well as some routes and shift its focus to its major hubs.

Deceptive Marketing Prevalent in Pharmaceutical Firms

Oct 27, 2009, 10:00 pm

Pharmaceutical firms and others in industries recently caught engaging in number of deceptive marketing practices.

Sony Partners With Netflix to Stream Movies on PS3

Oct 26, 2009, 12:00 pm

Sony will partner with Netflix Inc to stream rented movies through Sony's PlayStation 3 video game console.

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