China's Dongfeng Motor and PSA Peugeot Citroen will agree on Tuesday to a capital tie-up as part of a broader 3 billion euro fundraising.» Read More
*Peugeot owns 57 pct stake in Faurecia. *Peugeot, Faurecia shares extend gains after report. LONDON/ SHANGHAI, Nov 15- French carmaker PSA Peugeot Citroen is preparing for a possible sale of its Faurecia components division to accompany a tie-up with China's Dongfeng Motor Group, several sources with knowledge of the situation said.
BERLIN, Nov 14- Volkswagen is recalling over 2.6 million cars, about a third of them in China, to fix a variety of problems, a blow to a group striving to overtake Toyota and General Motors as the world's biggest carmaker.
*GSK's China sales plunged 61 percent in Q3. A charge against GSK itself would be a much more serious outcome for the company because it would imply higher-level corporate involvement and could result in major fines and even disruption to its operations in China.
Recent independent moves by SAIC outside China had been seen by some industry insiders and experts as signalling the two companies might be drifting apart, but GM's top China executive said it was merely a consequence of its state-owned partner's growing maturity as an automaker.
SHANGHAI, Oct 25- China's top legal body has strengthened consumer rights in the country after it revised the nation's Consumer Protection Law on Friday, the first major overhaul in two decades.
PARIS/ LONDON, Oct 14- General Motors scaled back cooperation with Peugeot months into their alliance and later turned down a government-backed merger, leaving China's Dongfeng as the French carmaker's last hope, people familiar with the matter said.
*Volkswagen's South China plans focus on Guangdong province. FOSHAN, China, Sept 25- Volkswagen AG is expected to announce plans as early as Wednesday to significantly boost the capacity of a key plant in southern China as Europe's No.1 carmaker ramps up efforts to grab more market share in a region dominated by Japanese rivals.
*BlackBerry shares fall further after change in focus. NEW YORK, Sept 23- U.S. stocks slipped on Monday as upbeat economic data from Germany and China was countered by a Federal Reserve official's remarks that the Fed could begin to scale back its stimulus measures this year.
*BlackBerry shares fall further after change in focus. NEW YORK, Sept 23- U.S. stocks were set to open mixed on Monday as traders balanced upbeat data from Germany and China with angst ahead of Federal Reserve speakers after last week's hawkish comments from a top Fed official.
*BlackBerry shares fall further after change in focus. NEW YORK, Sept 23- U.S. stock index futures were little changed in light volume on Monday following upbeat data from Germany and China, while Federal Reserve speakers could keep investors on edge after last week's hawkish comments from a top Fed official.
China's regulators have been probing numerous international and Chinese drugs firms, with investigations into the pharmaceutical sector spanning alleged corruption to how drugs are priced.
*Precious metal prices fall on Syria, worries Fed may scale back stimulus. NEW YORK, Sept 12- U.S. stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 index as a drop in precious metal prices dragged mining shares lower.
NEW YORK, Sept 12- U.S. stocks edged lower on Thursday, on track to snap seven straight days of gains by the S&P 500 index, as a drop in precious metal prices dragged mining shares lower. The materials sector fell more than 1 percent, with gold miner Newmont Mining off 3.5 percent at $28.44.
**YAHOO INC, $30.03, up 3 pct. **ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct.
NEW YORK, Sept 12- U.S. stocks fell in light volume on Thursday, snapping seven straight gains by the S&P 500 index, as an incomplete report on the U.S. jobs market left traders with little to guide them about next week's Federal Reserve meeting.
**ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct. **MCEWEN MINING, $2.41, down 8 pct.
**ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct. *MCEWEN MINING, $2.41, down 8 pct.
**OCLARO INC, $1.54, up 45 pct. The optical components maker, which has a market capitalization of about $98 million, said it sold its Zurich, Switzerland- based semiconductor laser business to II-VI Inc for about $115 million and its optical amplifier and micro-optics business for $88 million. **VERTEX PHARMACEUTICALS INC, $81.63, up 2 pct.
*Jobless claims fall more than expected, but data skewed. NEW YORK, Sept 12- U.S. stocks edged lower on Thursday after a seven-session winning streak on the S&P 500 and a jobless claims report which provided few clues into the Federal Reserve's upcoming decisions about stimulus policy.
**FACEBOOK INC, Wednesday close $45.04, up 1 pct premarket. Shares of Facebook rose more than 3 percent to a new high on Wednesday, valuing the world's No. 1 social network at $106 billion, as investors focused on its recent mobile advertising advances and the potential to expand ad revenue into new areas.