U.S. Companies See Opportunities at Home
U.S. companies are adding capacity in the U.S., replacing aging equipment and even moving overseas production home, a sign that corporate American could be poises to take a bigger role in the recovery.
Investors Squawk at Xstrata's Big Deal
Large shareholders of Xstrata came out against the company's plan to merge with Glencore International, highlighting what could be a difficult task selling the giant deal to shareholders and regulators.
Yahoo Shakes Up Board
Yahoo said Chairman Roy Bostock and three other directors have volunteered not to stand for re-election to the company's board. The company named two new outside directors.
AIG Chairman Heads for Hawker
American International Group will review its list of candidates to succeed Chief Executive Robert Benmosche after the company's chairman took a job as CEO of Hawker Beechcraft.
Asian Shares Inch Up
Asian stock markets climbed modestly Wednesday, helped by signs of progress over debt restructuring talks in Greece, while Toyota Motor rose sharply in Tokyo after upgrading its fiscal year earnings outlook.
GM Seeks Deep Cuts at Opel
GM is preparing to disclose "horrendous" fourth quarter losses at its European Opel/Vauxhall unit and is demanding deep cuts from labor unions there.
Citi Bullish on Retail Banking
U.S. banks have been dogged in recent years by tougher regulation and sluggish loan growth. But Citigroup believes things will turn around for its U.S. retail-banking operations.
Glaxo Repatriates Euro-Zone Cash
Glaxo has been funneling cash back to the U.K. daily from banks in euro-zone countries as part of its strategy to reduce exposure to risks of a possible breakdown of the European monetary system.
Canadians Dish Out U.S.-Dollar Debt
Investor hunger for top-rated sovereign debt prompted the Canadian government to launch a rare U.S.-dollar bond, capitalizing on the country's status as one of the few havens in these turbulent times.
Toyota Talks Up Despite Down Quarter
Toyota lifted its full-year net income forecast, but expects its earnings to come in at nearly half the level of last year, and below the profitability projections of its smaller Japanese rivals.
Πολίτης Online
