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September 30, 2012

September 29, 2012

Lufthansa: savings won't have desired effect in 2012

FRANKFURT (Reuters) - Deutsche Lufthansa's efforts to cut costs will be thwarted by higher fuel prices and a weak economy this year, the chief executive of Germany's leading airline said.

September 28, 2012

China's Baoshan suspends steel plant as demand slows

Baoshan Iron and Steel, the fourth biggest steel producer in the world, has suspended production at a plant in China as demand slows.

September 26, 2012

Hidden web code means hackers 'can wipe Samsung Galaxy S3'

Malicious hackers can hide a code in a web page that will trigger a full factory reset of Samsung’s best-selling Galaxy S3 smartphone, deleting contacts, photographs, music, apps and other valuable data, security researchers have discovered.

September 25, 2012

Fiat to make US cars in Italy as government mulls incentives

MILAN/TURIN: Italian carmaker Fiat plans to start making cars at its idled Italian factories to sell in the United States, a source close to the matter said on Monday, as the government mulls fiscal and other incentives to help the group's exports.

September 23, 2012

Volkswagen drops appeal in 'GTi' dispute with Suzuki

FRANKFURT: Volkswagen has dropped its appeal of a court ruling in a brand infringement case against estranged partner Suzuki, a spokesman for the German carmaker said on Saturday, confirming an earlier report.

September 22, 2012

EMI-Universal deal cleared by EU and US regulators

EU and US regulators have approved the takeover of UK music firm EMI by Universal Music, but it must sell some of the firm's most valuable labels.

September 21, 2012

Wal-Mart drops Amazon’s Kindle tablets and e-readers from stores

Wal-Mart Stores, the nation's largest retailer, said Thursday it was dropping Amazon's Kindle tablets and e-readers, a sign of how seriously it views Amazon as a competitor in the consumer goods market.

September 20, 2012

Apple stock tops $700

NEW YORK (CNNMoney) -- Apple's stock hit a new high and closed above $700 for the first time Tuesday, marking yet another milestone for a company that has had plenty of them this year.

September 19, 2012

US Treasury resists GM plan on govt stake sale: Report

The US Treasury Department is unwilling to sell the government's stake in General Motors Co because a sale now would mean huge investment losses, the Wall Street Journal reported on Monday, citing people close to the matter.

September 18, 2012

September 17, 2012

Too soon to know whether Europe is stabilizing: GM CFO

It is not clear whether the weak European automotive market is stabilizing, but executives in the industry are talking more than ever about reducing capacity to match lower demand in the region, a top General Motors Co official said on Friday.

September 16, 2012

Apple wins second legal bout against Samsung in patent row

Apple has scored a second victory against Samsung after an American trade commission refused the South Korean manufacturer's request for a raft of products to be taken off sale.

September 13, 2012

McDonald's sales figure bounces back in August

NEW YORK (AP) — McDonald's said a key sales figure climbed 3.7 percent in August, as the fast-food chain emphasized the value of its menu offerings amid the challenging global economy.

September 12, 2012

Primark sees strong rise in annual sales

Annual sales have risen at clothing chain Primark, helped by "particularly strong" UK trading over the summer, and a "buoyant" performance in Europe.

September 11, 2012

Europe crisis: Spanish companies scramble to issue debt

MADRID: Spanish firms are dashing into the bond market, taking advantage of a fall in interest rates after the European Central Bank pledged action to reduce the country's financing costs, and eager to move quickly in case the situation deteriorates again.

September 10, 2012

VW cuts European sales target by 150,000 vehicles: Reports

FRANKFURT: German carmaker Volkswagen has cut its internal 2012 sales target for Western Europe by 150,000 vehicles, German weekly magazine Der Spiegel said, without citing sources.

September 09, 2012

Glencore’s Bid to Buy Xstrata Is Increased at the 11th Hour

LONDON — Glencore, the world’s largest commodities trader, saved its megamerger with Xstrata from collapse on Friday by sweetening its offer for the large multinational mining company.

September 08, 2012

General Motors adding 500 jobs at first in-house tech center

DETROIT: General Motors Co plans to add up to 500 jobs at a new information technology center in Austin, Texas, marking the first step in the automaker's goal to bring the bulk of its IT work in-house over the next three years.

September 07, 2012

ADP Says U.S. Companies Added 201,000 Workers in August

Companies added more workers than forecast in August, easing concern the U.S. job market may be stalling, a private report based on payrolls showed.

September 06, 2012

Nokia unveils two Windows Phone 8 handsets

Nokia has unveiled its first handsets powered by Microsoft's Windows Phone 8 operating system. The flagship device - the Lumia 920 - features wireless charging and a "PureView" camera which the mobile firm said offered better video and still images than rival smartphones.

September 05, 2012

McDonald's launches first vegetarian restaurants to target Indian pilgrims

McDonald's will open its first vegetarian-only restaurants in India next year to cater for pilgrims to sacred sites.Burgers and fries have proved a winning formula since the McDonald brothers created their eponymous fast food franchise in 1955.

September 04, 2012

Volkswagen hopes revamped Golf will help it catch Toyota

BERLIN (Reuters) - Volkswagen is hoping a sleek makeover will keep its Golf in the best-selling compact car spot, helping the German automaker overtake Toyota and GM as the world leaders.

September 03, 2012

Sharp Offers to Cut Price on Stake It Agreed to Sell to Foxconn

Sharp Corp. (6753), the Japanese television maker that agreed in March to sell a stake to Taiwan-based Foxconn Technology Group, offered to sell the holding for less, the Nikkei newspaper reported.

September 02, 2012

September 01, 2012