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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.


Latest News

China plans to change the law to crackdown on "malicious" trademark registrations, state media said on Monday, after a series of cases in which well-know international brands and individuals have had their names or copyright misused.
PSA Peugeot Citroen has ruled out a merger with General Motors' Opel division as part of their alliance, Autogazette reported on Monday, citing a Peugeot manager.
Wells Fargo & Co would pay up to $2.5 million in attorneys' fees and implement certain corporate governance changes under a proposed settlement of lawsuits brought by shareholders on behalf of the company, according to a securities filing by Wells on Friday.
The White House on Friday tried to rescue stalled talks on a fiscal crisis after a Republican plan imploded in Congress, but there was little headway as lawmakers and President Barack Obama abandoned Washington for Christmas.
A U.S. judge on Friday gave final approval to BP Plc's settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill.
Nike Inc reported forecast-topping quarterly profit on Thursday on strong North American demand, and its orders volume indicated steady worldwide demand. Its shares were up 6 percent after the bell.
The 62-year-old Jeep brand is poised to get a sweeping multibillion-dollar overhaul that will expand the product range, boost its overseas presence and knit the fortunes of Jeep and U.S. parent Chrysler even more closely with those of Italy's Fiat SpA.
General Electric Co has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession.
Private equity firm KKR & Co LP on Thursday kicked off a joint venture with Suez Environment to run the water and wastewater systems of a New Jersey city it hopes will become a model for cash-strapped local authorities in the United States.
Wal-Mart Stores Inc, which is facing bribery investigations by the U.S. Department of Justice and the Securities and Exchange Commission, named a new general counsel, Karen Roberts, effective February 1, 2013.