By COLLEEN BARRYAP Business Writer
MILAN (AP) - U.S. farm and industrial vehicle group CNH has rejected a merger proposal from its parent, Fiat Industrial, the Italian company said in a statement Monday.
Fiat Industrial, which already owns 88 percent of CNH, said in a statement that it has
By JUERGEN BAETZAssociated Press
BERLIN (AP) - There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
But only 18 months into the
By PETER SVENSSON and YURI KAGEYAMAAssociated Press
NEW YORK (AP) - Sprint dug a hole for itself when it bought Nextel in 2005 in one of the worst deals in telecom history. Now, a deep-pocketed friend from overseas could help the company climb out of its hole and reinvigorate its fight against
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - India's inflation accelerated to 7.8 percent in September after the government hiked subsidized fuel prices to rein in the budget deficit.
The number released Monday is worse than expected and gives the central bank little room to cut
STOCKHOLM (AP) - Volvo Cars, owned by China's Geely Holding Group, has decided to temporarily halt production at its main Swedish plant for one week as demand in the automotive market continues to slip in recession-hit Europe.
The Goteborg-based carmaker says Monday the production halt will
By BARRY HATTONAssociated Press
LISBON, Portugal (AP) - Portugal's government is taking the bailed-out country deeper into austerity, announcing Monday sharp tax increases next year that risk worsening a recession and stoking public discontent.
The draft budget for 2013 is one of the
MILAN (AP) - Chinese shoppers at home and abroad are pushing global sales of luxury items to new heights, helping the sector post its third straight year of strong growth since the global recession.
A new study by Bain & Company released Monday forecasts the global luxury goods market for
By AIDA SULTANOVA
BAKU, Azerbaijan (AP) - Azerbaijan's top energy official urged further scrutiny of the international consortium developing the Caspian Sea nation's main oil field amid mounting irritation at a slump in output.
Industry and Energy Minister Natiq Aliyev said Monday that
By KELVIN CHANAP Business Writer
HONG KONG (AP) - Asian stock markets advanced Tuesday, led higher by exporters after a report on U.S. retail sales showed consumers in the world's biggest economy stepped up spending.
Japan's Nikkei 225 index rose 0.9 percent to 8,658.82 and South Korea
By KARL RITTER and PAUL WISEMANAssociated Press
STOCKHOLM (AP) - Two American scholars won the Nobel economics prize Monday for work on match-making - how to pair doctors with hospitals, students with schools, kidneys with transplant recipients and even men with women in marriage.
Lloyd Shapley of