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Toyota Confirms Sale of Part of Tesla Stake

Fri, 10/24/2014 - 17:38
Toyota said Friday it has sold some of its stake in Tesla Motors, days after German luxury car maker Daimler disclosed it had divested its Tesla shares for a sizable gain.

AT&T Risks Losing Prized Wireless Customers

Fri, 10/24/2014 - 17:38
AT&T is enjoying its lowest-ever “churn” rate, but is also facing an uncomfortable situation: up to 10 million of its most lucrative wireless customers may be free to walk out the door.

Indonesia Plays Legal Hardball

Fri, 10/24/2014 - 16:32
Indonesian prosecutors are increasingly bringing criminal charges against employees of large companies for allegedly causing losses to the state, a development that is chilling the business community there.

Trinity to Stop Shipments of Guardrail Systems

Fri, 10/24/2014 - 15:35
Trinity Industries said its Trinity Highway Products unit will stop shipments of its ET-Plus guardrail systems until more crash testing is completed.

H-P Shops China Networking Unit

Fri, 10/24/2014 - 15:24
H-P is seeking a buyer for its corporate-networking business in China, in a deal that could return the operation to local control, according to people familiar with the situation.

FCC Delays Airwaves Auction

Fri, 10/24/2014 - 13:18
The Federal Communications Commission said it is delaying to 2016 a highly anticipated spectrum auction in which TV broadcasters will sell airwaves so they can be used for mobile broadband.

Ford Shifts New Canada Engine Plans to Mexico

Fri, 10/24/2014 - 13:08
Ford Motor won’t invest in putting new, smaller engines in plants in Windsor, Ontario, and instead will put the investment in Mexico, according to the union that represents auto workers in Canada.

USPS Wins Approval to Continue Grocery-Delivery Test

Fri, 10/24/2014 - 12:37
The U.S. Postal Service this week won approval for a two-year grocery delivery test, giving letter carriers permission to continue to deliver totes containing food in the San Francisco area.

Apple iTunes Sees Drop in Music Sales

Fri, 10/24/2014 - 11:33
Digital music sales at Apple iTunes store have fallen 13% to 14% world-wide since the start of the year, according to people familiar with the matter, underscoring the fragility of the music industry’s nascent recovery.

U.S. to Name New Auto-Safety Chief

Fri, 10/24/2014 - 10:48
The Obama administration is close to naming a permanent top auto-safety regulator amid criticism of the agency’s handling of large air-bag recall, which an administration official on Friday called “suboptimal.”

Italian Court Clears Dolce And Gabbana Of Tax Charges

Fri, 10/24/2014 - 10:36
Italy’s highest court cleared fashion designers Domenico Dolce and Stefano Gabbana of tax evasion charges Friday, bringing to an end one of the highest profile tax cases in Italy in recent years.

Chiquita Ends Banana Deal

Fri, 10/24/2014 - 10:27
Chiquita has terminated its deal with Irish food company Fyffes and said it instead plans to enter negotiations with Cutrale-Safra, the coalition between a Brazilian orange juice maker and an investment firm.

Luxottica Founder Says Family Won't Change New Management Plans

Fri, 10/24/2014 - 10:16
Luxottica Group SpA founder Leonardo Del Vecchio said his family won’t try to interfere with the world’s largest eyewear maker’s new management plans.

Delphi, Lear Post Higher Profits

Fri, 10/24/2014 - 10:11
Auto-parts makers Delphi Automotive and Lear notched strong third-quarter profits and repurchased more shares as revenues topped the $4 billion mark amid strong demand in North America and China.

América Móvil Sees Mobile Towers Spinoff in 2015

Fri, 10/24/2014 - 10:03
Mexican telecommunications company América Móvil expects to complete the spinoff of its mobile towers in Mexico by the beginning of the second quarter of 2015.

Pepsi to Test Drinks In SodaStream Machines

Fri, 10/24/2014 - 09:48
Pepsi confirmed that it will test some of its drinks in SodaStream International’s home-carbonation machines in the U.S.

Truck Maker Volvo Looks to North America for Growth

Fri, 10/24/2014 - 09:16
The company said third-quarter orders in North America had improved by 73% year-over-year.

Activist Investor Takes Agrium Stake

Fri, 10/24/2014 - 08:25
Activist investor ValueAct Capital Management LP on Friday disclosed a 5.7% stake in Agrium Inc., but according to the Canadian fertilizer giant, the hedge fund has no plans to push for Agrium’s breakup or for board or management changes.

Digital River Agrees to $831.5 Million Buyout

Fri, 10/24/2014 - 08:19
Digital River said it has agreed to be acquired by an investor group led by Siris Capital Group for $831.5 million in cash.

Shire Raises Guidance After Record Sales Growth

Fri, 10/24/2014 - 08:02
Dublin-based drug maker Shire raised its earnings guidance after record sales growth, only a week after U.S. peer AbbVie pulled out of a $54 billion takeover.

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