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Porsche Wins Dismissal of U.S. Hedge Fund Lawsuit Over VW
Porsche Automobil Holding SE on Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.
Mitsubishi Electric Establishes Joint Venture with Mitsubishi Elevator ETA India Private Limited
The Mitsubishi Elevator ETA India Private Limited has been floated by Mitsubishi Electric Corporation and UAE-based ETA Ascon Holding LLC as a joint venture in Chennai. The company will start operations from January 2013.
China Consumers Driving Economic Rebound
China's consumers are leading an uneven recovery in the world's second biggest economy that has retailers expecting stronger sales in six months, early results of a national survey showed on Wednesday.
Starbucks to Use Cups For 'Fiscal Cliff' Message to Lawmakers
Starbucks Corp will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a deal to avoid going over the "fiscal cliff" of automatic tax hikes and government spending cuts.