FRANKFURT - General Motors will drop the use of the Chevrolet brand in Europe by end 2015, Stephen J. Girsky, Vice Chairman at General Motors, said on Thursday.
FRANKFURT - Daimler said global sales of its Mercedes-Benz auto brand rose to their highest-ever level in November, growing by 10.9 percent to 133,441 cars thanks to demand for its new E-Class model and a boost of sales in China and North America.
WARSAW - France's BNP Paribas agreed to buy the Dutch lender Rabobank's Polish unit Bank BGZ , valuing it at 4.2 billion zlotys ($1.4 billion) in another sign the local banking sector undergoes fast consolidation, Rabobank said.
ZURICH - UBS AG said its operations chief Ulrich Koerner would run its asset management arm when its head retires next year.
NUSA DUA, Indonesia - Divisions over food subsidies widened among members of the World Trade Organization on Thursday, making it unlikely a landmark trade deal could be reached with just a day left to the end of talks.
TOKYO - The Toyota Motor Corp group's labor federation will push for a unified rise in base wages, Japanese media said on Thursday, a major step towards permanent wage increases that will be key to ending Japan's decade and a half of deflation.
SYDNEY - Asian markets were mostly under water on Thursday as persistent speculation about the fate of U.S. stimulus lifted bond yields globally, while Japanese shares struggled to find their footing after a spill.
NEW YORK/BOSTON - JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July.
Wed, Dec 4 2013
LOS ANGELES - SolarCity Corp on Wednesday said it will begin offering Tesla Motors Inc-made batteries with its commercial solar systems, allowing businesses to cut what they pay to their local utility by using stored electricity.
WASHINGTON - Lockheed Martin Corp's F-35 fighter jet is making good progress as it nears initial combat use by the U.S. Marine Corps in July 2015, but the company must still finalize the software needed to deliver weapons and fuse data from its many sensors, the Pentagon's F-35 program chief told Reuters.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.