Edition:
United States

Rohit T. K.

Delta Air Lines approves $5 billion buyback plan, to hike dividend

May 13 2015

Delta Air Lines Inc said it will return more than $6 billion to investors through share buybacks and dividends by the end of 2017, and raised its target for operating profit margin.

GM ignition switch death toll increases to 74

Mar 23 2015

General Motors Co has seven more claims eligible for compensation for deaths due to accidents caused by faulty ignition switches, taking the total to 74, according to the official administering the company's compensation programme.

GM ignition switch death toll increases to 74

Mar 23 2015

General Motors Co has seven more claims eligible for compensation for deaths due to accidents caused by faulty ignition switches, taking the total to 74, according to the official administering the company's compensation program.

Activist hedge fund Marcato urges Lear to split up

Feb 03 2015

Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering.

Marcato Capital's McGuire urges Lear Corp to split up

Feb 03 2015

Lear Corp's said activist investor Mick McGuire has urged the company to split its car seat and electrical parts businesses into two publicly traded companies.

Digital Ally considers push into action cameras

Jan 15 2015

Digital Ally Inc , a maker of wearable video cameras and other security products for police forces, is considering launching action cameras aimed at consumers this year, putting it into direct competition with GoPro Inc .

Hedge funds push for Caesars bankruptcy, seek examiner

Jan 12 2015

A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company.

GM gets 104 more claims for faulty ignition switch compensation

Dec 22 2014

General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program.

Caesars Entertainment to buy affiliate to restructure debt

Dec 22 2014

Casino and entertainment company Caesars Entertainment Corp, whose largest operating unit plans to file for bankruptcy, said it would buy affiliate Caesars Acquisition Co in an all-stock deal.

Honeywell sees benefit from lower oil prices, gives muted sales view

Dec 15 2014

Diversified U.S. manufacturer Honeywell International Inc said on Monday it expected an overall benefit from the decline in oil prices even as it gave a 2015 sales forecast that slightly trailed Wall Street's target.

World News

India's Modi stuns opposition with huge election win

Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.