General Motors agreed to sell its Allison Transmission commercial and military truck business to the Carlyle Group and Onex for $5.6 billion.
The Detroit based automaker is battling to revamp its auto business and is busy reconstructing its...
Archive - June 2007
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To grasp the world market, both Airbus and Boeing are ready to take on Asian runways with their highly ambitious new carriers.
On one side, European plane maker Airbus is betting for its A380 super jumbo, whereas Boeing is confident for its 787...
Rupert Murdoch seems near to get Wall Street Journal as he said that $5 billion is enough to get the prestigious journal.
Murdoch is hopeful to merge the Wall Street Journal in its mammoth media empire as he assert that any deal with Dow Jones...
Ford Motors and Chrysler Group have joined a group of companies and environment organizations pushing the federal government to enact laws aimed at curbing greenhouse gas emissions.
To combat global warming sagaciously the alliance of big business...
Capital One Financial Corp., the largest independent U.S. credit card issuer, is reducing its workforce by slashing 2,000 jobs, which accounts to about 6 percent of its total workforce.
The company has set a target to save $700 million by 2009 and...
Basell, the Dutch chemicals group, is buying US-based Huntsman for $9.6 billion including debt, in a bid to strengthen its position as a global chemicals group.
Under the terms of the agreement, Basell will acquire all of Huntsman's outstanding...
Oracle Corp.'s, the world's third-largest software maker, fourth-quarter profit beat Wall Street expectations, increases 23 percent, as the business software maker harvested more sales from the crop of customers picked up in a $25 billion shopping...
To avoid strike, bankrupt auto parts maker Delphi Corp. has offered $140,000 to its workers in exchange of wage concessions.
Delphi and United Auto Workers have signed the agreement. However, to implement, it needs consent of company's 17,000 UAW...
Much awaited iphone is scheduled to lunch at 29th of this month and distributor AT&T Inc. is not leaving any stone unturned to make it viable for the cell phone lovers.
AT&T Inc. has hired additional 2,000 temporary store workers to handle the...
Paris air show is showering billions on the Airbus as on the third day of the gala, it booked 59 more firm orders for its next-generation A350-XWB passenger jets.
Airbus has booked a strong 166 aircraft order, bringing its haul for the first...
The board of Dow Jones has taken control of negotiations over the merger option of its flagship publication the Wall Street journal. Board replaced the company's dominant Bancroft family, which owns more than 64% of the voting shares in the parent...
Morgan Stanley quarterly profit mounts about 40 percent, grew three times faster than the market leader Goldman Sachs Group Inc.
Investment bank’s net income increases by $2.45 a share to $2.58 billion, in the quarter ended May 31, compare...
Darden Restaurants Inc., the world's largest casual dining company, quarterly profit dip more than the Wall Street's expectations as sales fell 2.2 percent at stores open at least 16 months in its Red Lobster chain.
Darden, which owns and...
Federal antitrust regulators have accepted Cerberus Capital Management's $7.4 billion deal for ailing Chrysler.
Cerberus has struck a deal with DaimlerChrysler- last month in which ailing auto maker had agreed to transfer an 80.1 percent stake...
Boeing Co., the world's leading commercial-aircraft maker, won a deal to supply more than 60 planes worth $8.8 billion to International Lease Finance Corp., ILFC, in a latest endorsement of buoyant demand for its hot-selling 787 Dreamliner aircraft....
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