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  • MUMBAI/ NEW DELHI, Aug 13- It took two months of courting, dozens of negotiators and final talks that ran into the early hours, but the western Indian state of Maharashtra secured its prize: a $5 billion investment commitment from iPhone maker Foxconn. The 5- year deal, announced last weekend, is a reminder of the pulling power of India's wealthiest states- even as the...

  • China this week devalued its currency against the U.S. dollar, after more data showed its economic growth is slowing. Investors globally reacted harshly, dumping shares of companies with significant amounts of revenue derived from China, particularly automakers and luxury goods makers. "Longer term, we're still very bullish on China," Hau Thai- tang, head of...

  • China this week devalued its currency against the U.S. dollar, after more data showed its economic growth is slowing. Investors globally reacted harshly, dumping shares of companies with significant amounts of revenue derived from China, particularly automakers and luxury goods makers. "Longer term, we're still very bullish on China," Hau Thai- tang, head of...

  • NEW YORK, Aug 12- Stocks, the U.S. dollar, and emerging market currencies around the world remained under pressure for a second day on Wednesday after China's yuan weakened again, one day after the country devalued its currency. Germany's 2- year yield fell to a new record low of minus 0.29 percent as investors feared the deflationary pressures of a slowdown in...

  • HP announces post-split boards Wednesday, 12 Aug 2015 | 12:15 PM ET
    A general view of Hewlett-Packard during the 2015 Sundance Film Festival on January 26, 2015 in Park City, Utah.

    Pat Russo and Meg Whitman will chair the boards of Hewlett Packard Enterprise and HP Inc., respectively.

  • Cramer: China has launched a trade war on the US Tuesday, 11 Aug 2015 | 6:11 PM ET
    An investor looking at stock prices in Haikou, China, August 11, 2015.

    Jim Cramer saw some disturbing signals coming from China that could send the U.S. back to the Great Depression.

  • *Commodities fall as China's cheaper yuan boosts U.S. dollar. Aug 11- U.S. stocks declined broadly on Tuesday as China's devaluation of its yuan currency hit companies with a big exposure to the world's No. 2 economy and added to worries about the global economic outlook. Among other companies with big exposure to China, Caterpillar was down 2.6 percent at $78.04...

  • TORONTO, Aug 11- Canada's Toronto-Dominion Bank plans to hire more U.S. investment bankers and target multinational clients as it pushes to double its U.S. capital markets business over the next three to four years, one of its top executives said. TD Securities, the Canadian bank's capital markets division, is looking to invest in the energy, technology, media,...

  • US STOCKS-Wall St falls after China devaluation Tuesday, 11 Aug 2015 | 4:41 PM ET

    Aug 11- U.S. stocks declined on Tuesday as China's surprise devaluation of the yuan currency hit companies with a big exposure to the country and added to worries about the global economic outlook. Among other companies with a big exposure to China, Caterpillar was down 2.6 percent at $78.04. Yum Brands fell 4.9 percent to $83.54.

  • Aug 11- General Motors Co luxury brand Cadillac aims to increase its annual sales to half a million vehicles worldwide by 2020 from an expected 275,000 this year, Cadillac's top executive said on Tuesday. In a presentation to investors at a J.P. Morgan industry conference in New York, de Nysschen said the brand needs to improve the quality of its dealer network in...

  • *China uncertainty weighs on Apple, GM, Caterpillar. Aug 11- All three major U.S. stock indexes were down more than 1 percent on Tuesday for the first time in over a month as China's surprise devaluation of the yuan stoked fears about the health of the economy and pressured commodity-related stocks. The yuan fell to its lowest against the dollar in almost three years...

  • Hummer plant now builds China-bound Mercedes SUVs Tuesday, 11 Aug 2015 | 1:07 PM ET
    Mercedes benz R Class being built at the AM General assembly plant in Mishawaka, Indiana.

    Five years after GM shut down a Hummer plant in Mishawaka, Indiana, the assembly line now cranks out the Mercedes-Benz R Class.

  • *China uncertainty weighs on Apple stock. Aug 11- U.S. stocks fell in early trading on Tuesday in a broad-based retreat as China's surprise devaluation of the yuan pushed the dollar higher and pressured commodity-related shares. Exxon Mobil's 1.8 percent drop was the biggest drag on the energy index and Freeport-McMoRan's 12.5 percent slump dragged on the...

  • Tesla loses HOW MUCH on every car sold?! Monday, 10 Aug 2015 | 5:21 PM ET
    A Model S electric vehicle (EV) is displayed inside the show room at the Tesla Motors Inc. Gallery and Service Center in Paramus, New Jersey.

    Tesla's narrower margin for error is just one more way in which it is different from its century old rivals.

  • NEW YORK, Aug 9- The question investors are pondering during the remainder of the northern hemisphere summer is whether major stock markets can sustain this year's relatively high valuations given the slump in commodity prices, a firm U.S. dollar, and the likelihood of a Federal Reserve interest rate rise in September. The U.S. monthly employment report on...

  • DETROIT, Aug 9- It's crunch time for Tesla Motors. The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles. Tesla had just $1.15 billion on hand as of June 30, down from $2.67 billion a year earlier.

  • The luxury car line banning haggling at dealerships Friday, 7 Aug 2015 | 11:04 AM ET
    No more price haggling at Lexus dealerships.

    Lexus, Toyota's luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.

  • *To cut price of China- made Range Rover Evoque by 5-6 pct. MUMBAI/ NEW DELHI, Aug 7- India's Tata Motors Ltd has cut prices, sales and production targets at its luxury Jaguar Land Rover arm in China, a top executive said, as it struggles with high inventories in a slowing market. Economic growth in China, the world's biggest car market, has slowed to a 25 year low and a drop in...

  • *Profit falls 49 pct on lower Jaguar Land Rover sales in China. The economy in China, a big market for Tata Motors' luxury arm Jaguar Land Rover, has slowed to its slackest pace in 25 years and low consumer confidence is affecting car sales in that country. "The financial performance in the quarter was lower than the strong corresponding quarter last year due to softer...

  • The problem for guys like Trump in Oval Office Thursday, 6 Aug 2015 | 11:02 AM ET
    Donald Trump

    For business executives who make a run at the US presidency, there's more to be gained from outsider status than actual business success.