Business News Headlines

Pfizer mulls $100 billion bid for AstraZeneca: report


LONDON - U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, the Sunday Times reported on Sunday.

6:48am EDT

Thu, Apr 17 2014

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings


NEW YORK - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.

17 Apr 2014

GM to invest $12 billion in China and plans more plants


BEIJING - U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market.

8:25am EDT

Premium car brands eye China's secondhand market


BEIJING - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW , Audi and Mercedes-Benz: the second-hand premium car market.

5:42am EDT

South Africa's 'spaza' shops suffer as big retail rolls in


SOWETO, South Africa - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping center and business has only gotten worse for Grace, a 68-year-old shopowner.

5:04am EDT

Daimler to sell DENZA electric car in China with local subsidy


BEIJING - Daimler said its DENZA electric car will be eligible for local subsidies in China when it goes on sale there in September priced at 369,000 renminbi ($60,000).

2:33am EDT

BMW in final stages of decision on potential new factory


BEIJING - Germany's BMW is getting closer to deciding whether it will build a new factory, its board member Ian Robertson said on Sunday, as the luxury carmaker expands capacity to meet demand in key markets.

2:26am EDT

In the driving seat: China's yuppies are new market force for global automakers


SHANGHAI/BEIJING - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.

7:24am EDT

Hyundai Motor unveils small SUV concept for China, to launch this year


SEOUL - South Korea's Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world's biggest market.

12:52am EDT

Toyota to launch China-made Corolla, Levin hybrids in 2015


BEIJING - Toyota Motor Corp plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan.

12:14am EDT

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.