PRAGUE— South Korea's Hyundai Mobis has signed a deal with the Czech government to build a car lights plant in the eastern part of the Czech Republic. Prime Minister Bohuslav Sobotka said Tuesday that Hyundai Mobis will invest up to 4 billion koruna in the factory to be built near the city of Ostrava.» Read More
Jan 31- Detroit on Friday sued its two retirement systems in U.S. Bankruptcy Court, seeking to invalidate $1.45 billion of debt sold in 2005 and 2006 to fund public worker pensions, according to a court filing.
NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.
NEW YORK, Jan 31- Wal-Mart Stores Inc Friday cut its quarterly profit outlook because of a host of issues, including reduced food stamp benefits and the restructuring of Sam's Club's in the United States and the closing of stores in Brazil and China.
NEW YORK, Jan 31- Wal-Mart Stores Inc said on Friday that bad weather and reduced food stamp benefits in the United States had dragged down comparable-store sales in the fiscal fourth quarter, more than offsetting a positive bump from the holiday season.
NEW YORK, Jan 31- Wal-Mart Stores Inc shaved its quarterly and fiscal-year outlooks to account for special items, including those tied to its store closures in Brazil and China and its Sam's Club restructuring in the United States. Wal-Mart said it had closed about 50 stores in Brazil and China.
Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.
Oracle announced that it has entered into an agreement to acquire Responsys for $27 a share, or approximately $1.5 billion.
Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.
The Asia-Pacific region has overtaken Europe when it comes to mergers and acquisition, taking second place this year to North America.
Eminence Capital has taken a 9.8 percent stake in the clothier and will argue to solicit more bids, CNBC's David Faber reported.
Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.
A 'lack of emotional buy-in' and culture clashes are to blame for deals that fail to live up to their promise, a new report finds.
Lenovo, the world's largest PC maker, is 'actively looking' into bidding on BlackBerry, Dow Jones reported on Thursday, citing unnamed sources.
Ailing smartphone maker BlackBerry has drawn interest of Cerberus, a private equity firm, according to reports Wednesday.
No firm lost more employees than Cantor Fitzgerald on 9/11. CNBC's Mary Thompson reports on the company's charity day that works to raise money for the victims' families. In 2012, the firm raised $12 million. Former New York City Mayor Rudy Giuliani reflects on the day, and the New York City election.
Following the confirmation of Vodafone's $130 billion-deal with Verizon on Monday, merger and acquisition (M&A) activity is set to boom according to an upcoming report.
Top investors in Vodafone are set to clash over what it should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless.
Carlos Slim threatened to walk away from his $9.5 billion offer to buy the 70 percent of Royal KPN he doesn't already own.
Barnes & Noble reported a deeper loss as sales of its Nook device and e-books continued to plunge, and its founder pulled the plug on his plan to buy its stores.
Zillow is buying the New York City-focused real estate company StreetEasy for $50 million to strengthen its foothold in on one of the country's most lucrative markets.