Russia's state-controlled gas monopoly will not cut gas supplies to its former Soviet neighbor Belarus after Minsk paid a "significant part" of a US$456 million gas debt before a Friday morning deadline, the national gas monopoly said.
On a regular basis, I hear from bloggers who think I'm pushing Toyota and would like nothing more than to see the Big 3 implode. In fact, I got an e-mail to that effect yesterday after blogging about the possibility of Chevy and Ford being outsold by the Toyota brand. For the record, Toyota has passed Ford, but still trails Chevy by a slight margin.
Royal Dutch Shell sold three French oil refineries and gas field stakes in Norway for $2.5 billion on Thursday, pressing ahead with its strategy to divest lower-returning assets.
When I sat down to talk with GM CEO Rick Wagoner this morning on "Squawk Box," I was expecting to see a man, beaming over the better than expected second quarter earnings. Instead, I saw the Chairman of a company who looked cautious. Why? Well, maybe it's because General Motors' glass is half full, and filling it up even more will be a challenge. Certainly the second half of this year will be tougher than the first half.
Inflation in the 13 nations that use the euro fell to 1.8 % in July, the EU statistics agency said Tuesday, as business confidence weakened from a near-record high.
Ryanair posted a better than expected 20% rise in first quarter net profit on Tuesday, and said it would beat its full-year profit goal by cutting capacity at Britain's Stansted airport this winter.
Luxury car maker Audi, a unit of Volkswagen, said Monday that sales and profit soared during the January-June period, putting it on track to a 12th consecutive year of record results.
U.S. Treasury Secretary Henry Paulson also reiterated previous statements that he sees "subprime risk as largely contained" and that he is "very much for a strong dollar," noting that strong growth outside of the U.S. has driven the dollar lower.
Volatility in in the air this morning, signaling another up and down day for Wall Street.Asian markets took a beating overnight after the big drop in U.S. stocks yesterday. Japan was off 2.4% and Korea fell 4%, its worse decline in three years. European markets were able to stem the wave of global selling in equities for a while but rolled over as U.S. futures slid. Some markets there are now moving higher.
There's a new sheriff at Dodge, and for that matter Chrysler as well. But the new boss is actually one of the old bosses. Either way you look at it, the return of Wolfgang Bernhard to be chairman of Chrysler is important for a few reasons. First, he brings the kind of urgency Chrysler needs.
French tire-maker Michelin said Friday that profitability increased sharply in the first half, with strong tire sales bolstered by a cost-cutting plan.
No, your eyes aren't deceiving you--Ford DID post a profit of $750 million. That's right, the automaker that was sucking fumes earlier this year is now back in the black. Which brings up the question: Is this real? The answer is yes, but don't take this to mean Ford is out of the woods.
While corporate credit markets are all in a frenzy, some of the more sober traders out there point out the underlying fundamentals are still in good shape.
If you are a Mercedes Benz fan, you may have already tuned in to the latest attempt by the automaker to reach out to buyers. It's called Mercedes-Benz.tv. It's actually on the Mercedes Benz Web site www.mercedes-benz.tv and it is perhaps one of the best sites run by an automaker, when it comes to advancing the placement of a brand.
Shares in Europe's largest chipmaker STMicroelectronics fell 4.6% following disappointing quarterly results and a cut in its growth expectations for the industry.
French automaker Peugeot-Citroen said Wednesday first-half earnings rose 60% on rising demand , better pricing and the rollout of new models.
An overwhelming majority of Vodafone Group shareholders have backed Chief Executive Arun Sarin's U.S. strategy and rejected calls by a rebel investor to release billions of pounds to shareholders.
European stocks are likely to climb an additional 5% to 10% this year from current levels, boosted by double-digit profit growth, an executive with the fund arm of HSBC Holdings said on Monday.
The newly appointed head of Airbus says politics will not throw pending plant sales off course but if dollar weakness worsens, its Power8 restructuring plan would need a drastic revamp.
Italian national carrier Alitalia will be shut down unless it finds a buyer, the government said, in an apparent warning to unions that played a central role in deterring suitors.