By TOM KRISHERAP Auto Writer
DETROIT (AP) - Shares of General Motors surged Wednesday after the company announced big job cuts in Europe and reported third-quarter earnings that were far better than Wall Street expected.
The Detroit company said it has cut 2,300 jobs in Europe this year and
By BERNARD CONDONAP Business Writer
NEW YORK (AP) - Stocks closed mixed on Wednesday in their first session since Hurricane Sandy forced a historic two-day shutdown of trading.
The Dow Jones industrial average slipped 10.75 points to 13,096.46. The Standard & Poor's 500 index rose, but
By COLLEEN BARRYAP Business Writer
MILAN (AP) - Fiat Industrial SpA, the Italian maker of trucks, farming and construction equipment, reported a 30 percent increase in third-quarter earnings Wednesday on "robust" sales of tractors and farm combines.
Net profit was €260 million ($337 million) in
By JOHN HEILPRINAssociated Press
GENEVA (AP) - A day after UBS AG announced it was cutting up to 10,000 jobs by 2015, UBS chairman Axel Weber is warning that many of the Swiss banking giant's rivals may have to follow suit.
The Zurich-based bank is seeking to put scandals and losses behind
By The Associated Press
PVH Corp., whose brands include Calvin Klein and Tommy Hilfiger, has agreed to buy rival clothier The Warnaco Group Inc. in a cash-and-stock deal worth about $2.9 billion. The deal would create one of the world's largest clothing companies and cement PVH's
FRANKFURT, Germany (AP) - The European Central Bank has more dismal numbers about the slack eurozone economy.
The chief monetary authority for the euro reports a "pronounced net decline" in business demand for credit in the third quarter. Its quarterly bank lending survey shows that companies are
By JOSHUA FREED and SAMANTHA BOMKAMPAP Airlines Writers
Superstorm Sandy grounded more than 18,000 flights across the Northeast and the globe, and it will take days before travel gets back to normal.
According to the flight-tracking service FlightAware, more than 7,000 flights were canceled on
By ROBERT BARRAssociated Press
LONDON (AP) - British bank Barclays PLC reported a net loss of 200 million pounds ($322 million) in the third quarter Wednesday as it wrote down the value of its own debt and set aside 700 million pounds to compensate customers in the payment protection insurance
By NIRMALA GEORGEAssociated Press
NEW DELHI (AP) - Vijay Kumar clutched a worn plastic folder containing his high school diploma and his nursing aide certificate as he joined a long queue at an employment exchange in a New Delhi suburb. It's a familiar ritual. For six years he has struck