DETROIT (AP) - Ally Financial Inc., the former finance arm of General Motors that was bailed out by the U.S. government, is selling its Canadian auto finance unit to Royal Bank of Canada for $4.1 billion.
The deal, expected to close early next year, is part of Ally's plan to accelerate
By COLLEEN BARRYAP Business Writer
MILAN (AP) - An Italian investigation into alleged corruption in the awarding of international contracts to aerospace and defense giant Finmeccanica led to the arrest Tuesday of the company's former commercial director and has implicated a former Cabinet
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer.
The discounter, based in Minneapolis, said the sale price is equal to the
MOSCOW (AP) - Russia's energy giant Gazprom launched production at a major natural gas field in northern Russia while President Vladimir Putin asked the company to look into a growing role of shale gas producers.
Gazprom inaugurated the Bovanenkovskoye gas field on the Yamal peninsula that is
By CIARAN GILESAssociated Press
MADRID (AP) - Spain's economy continued to shrink in the third quarter, contracting by 0.4 percent compared with the previous three months, according to central bank estimates Tuesday that will increase pressure on Prime Minister Mariano Rajoy to seek
NEW YORK (AP) - Stock futures fell sharply Tuesday, extending a sell-off from the previous day on weak corporate earnings.
Dow Jones industrial futures slumped 155 points to 13,137. The broader S&P futures gave up 18.40 points to 1,411.70. Nasdaq futures fell 29.75 points to 2,658.
By SAMANTHA BOMKAMPAP Transportation Writer
NEW YORK (AP) - UPS says online shoppers are propping up its business in a tough global economy.
The world's largest package delivery company believes that consumer demand for gadgets will drive its shipments and earnings this year, making up for
PRAGUE (AP) - The Czech Republic's government edged closer toward collapse after the conservative party of Prime Minister Petr Necas failed to reach a deal with lawmakers over unpopular austerity measures.
In September, Parliament rejected a 1 percent increase in the sales tax on retail goods
By JOSHUA FREEDAP Business Writer
MINNEAPOLIS (AP) - 3M Co. is reducing its profit expectations for this year because of what it calls "current economic realities."
3M makes everything from Post-it notes and Scotch tape to roofing granules, coatings for LCD screens, and traffic sign coatings.
DUBAI, United Arab Emirates (AP) - The Dubai-based developer of the world's tallest building reported a nearly 5 percent drop in net profit Tuesday, citing a seasonal slowdown, but said the balance sheet for the year remained strong.
Emaar Properties reported a 4.7 percent drop in third-quarter