By DEE-ANN DURBINAP Auto Writer
DEARBORN, Mich. (AP) - Europe may have lost its appetite for new cars, but buyers in America and China propelled Ford to a better-than-expected profit in the third quarter.
Ford Motor Co. earned $1.63 billion, down only slightly from a year earlier, despite lower
BANGKOK (AP) - Asian stock markets showed modest improvement Thursday after two business surveys showed an upswing in China's manufacturing sector last month.
The China Federation of Logistics and Purchasing said its monthly PMI reading on manufacturing activity stood at 50.2 on a 100-point
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 LOUISE NORDSTROMAssociated Press
STOCKHOLM (AP) - Scandinavian airline SAS AB sought to reassure investors that it's not in deep financial trouble after widespread speculation over its future prompted the temporary suspension of trading of the company's shares.
In an unscheduled
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - India's central bank left its key interest rate unchanged Tuesday but trimmed the cash reserve ratio, resisting growing pressure from New Delhi to cut rates even as it slashed its growth forecast and raised its inflation projection for
TOKYO (AP) - Japan's Hitachi Ltd. has agreed to buy British atomic power company Horizon Nuclear Power Ltd. from its German owners for 696 million British pounds ($1.12 billion).
The companies announced the deal Tuesday, ending months of uncertainty after the 50-50 owners of Horizon, RWE AG and
By JOHN HEILPRINAssociated Press
GENEVA (AP) - Scarred by scandals and losses, Swiss bank UBS unveiled Tuesday a plan to overhaul its global operations that will see it cut thousands of jobs as it drops risky trading activities and restructures its investment banking unit.
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - Deutsche Bank saw profits slip 3 percent in the third quarter from a year ago, as higher costs for streamlining its business and from credit writeoffs offset better revenues from investment banking and trading stocks and bonds.
By ROBERT BARRAssociated Press
LONDON (AP) - Oil company BP is rewarding long-suffering shareholders with a substantial dividend increase just days after it sold a stake in a Russian joint venture for billions of dollars.
BP also revealed Tuesday that it made a net profit of $5.5 billion in the
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - Mitsubishi Motor Corp.'s fiscal second-quarter net profit improved 60 percent to 10.1 billion yen ($126 million) on cost cuts, but the Japanese automaker lowered its projection Tuesday for China, where a bitter territorial dispute is sending