Eastman Kodak gains approval to come out of bankruptcy

Eastman Kodak has gained court approval to come out of bankruptcy as a much smaller digital imaging company.

Nissan seeks to extend Sunderland car plant

LONDON: Japan's Nissan Motor Co has applied for permission to extend its factory at Sunderland in north-east England, already Britain's largest car making plant, where it plans to produce its premium brand Infiniti from 2015.

UK has lost '40%' of its banks and building societies

Communities across the UK have lost more than 40% of their bank and building society branches since 1989, according to a new report.

Suzuki Motor Corp recalls 365, 506 cars in China over oil leakage issue

SHANGHAI: The Chinese venture of Japanese automaker Suzuki Motor Corp will recall 365,506 vehicles in China over possible oil leakage problems, China's quality watchdog said on Friday.

Swiss bank UBS repays its bailout loan

Switzerland's central bank has said a loan it granted to bail out troubled bank UBS five years ago has been repaid.

Glencore Xstrata posts jump in first-half copper output

ZURICH: Switzerland-based mining giant Glencore Xstrata said on Wednesday its copper production in the first half of the year jumped by 20 percent, thanks to ramped-up projects in Peru, Africa and Australia.

Cisco to cut 4,000 jobs despite strong profits

Network equipment giant Cisco Systems has announced plans to cut 4,000 jobs, about 5% of its workforce.