Business: Industries

GM sues over millions spent on steering repairs

AP - 27 minutes ago

DETROIT - General Motors Co. has sued a supplier, saying it has spent more than $30 million fixing problems in the steering systems of the Chevrolet Cobalt, its best-selling small car, and other vehicles.

  • Opel cars are parked outside the Opel assembly plant in Antwerp November 5, 2009. REUTERS/Francois Lenoir
    GM to present plan to fix Opel this week Reuters - 2 hours, 5 minutes ago

    BRUSSELS (Reuters) - General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.

  • Salix Pharmaceuticals completes stock offering AP - 25 minutes ago

    NERALEIGH, N.C. - Salix Pharmaceuticals Ltd. said Monday it completed its public offering of 5.5 million shares of common stock.

  • Pharmasset: hepatitis C drug trial will continue AP - 1 hour, 14 minutes ago

    NEW YORK - Pharmasset Inc. said Monday that it will continue enrolling patients in a clinical trial of RG7128, a drug that is designed to treat the liver disease hepatitis C.

  • Indian workers put up the logo of telecom firm Vodafone outside the corporate office in Mumbai, 2007. Mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a 1.21 billion pounds Indian tax claim over its purchase of India's third-largest mobile operator.(AFP/File/Sajjad Hussain)
    Vodafone seeks more time to reply to Indian tax claim AFP - Sat Nov 21, 4:50 AM ET

    NEW DELHI (AFP) - British mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a two-billion-dollar Indian tax claim over its purchase of India's third-largest mobile operator.

  • ADC Telecommunications falls on lower Q1 outlook AP - Fri Nov 20, 2:09 PM ET

    PHILADELPHIA - Shares of ADC Telecommunications Inc. fell Friday after the company posted a net loss in the fourth quarter and warned that first-quarter earnings will come in lower than expected.

  • Peet's raises offer for Diedrich to $265M AP - 52 minutes ago

    EMERYVILLE, Calif. - Coffee chain retailer Peet's Coffee & Tea Inc. says it has raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. by about 24 percent to $265 million.

  • "Black Friday" deals may not signal retail comeback Reuters - Mon Nov 23, 12:31 AM ET

    CHICAGO (Reuters) - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.

  • Zions Bancorp announces stock exchange offer AP - 1 hour, 35 minutes ago

    SALT LAKE CITY - Bank holding company Zions Bancorp. on Monday announced an offer to exchange about $140 million of its preferred stock for common stock.

  • In this Nov. 17, 2009 photo Mike Samsel holds up an Ohio whitetail deer he shot in Ashtabula County in 2007. More venison is being donated to strapped food banks as states provide financial and other aid to help manage high deer populations and feed the hungry at the same time, and pantries struggling to meet rising demand hope more states will follow that lead. Samsel has been donating venison for more than 20 years. (AP Photo/Tony Dejak)
    Ohio, other states giving venison donations a lift AP - Mon Nov 23, 10:18 AM ET

    CINCINNATI - Hunters are donating more venison to strapped food banks as Ohio and other states offer financial aid aimed at managing high deer populations. It's a much-needed boost for pantries struggling to meet rising demand.

  • Fox says will make profit with sci-fi epic Avatar Reuters - 1 hour, 48 minutes ago

    ATHENS (Reuters) - 20th Century Fox will make a profit with James Cameron's 3D sci-fi epic "Avatar," Fox Filmed Entertainment chairman Jim Gianopulos said in an interview, and dismissed reports the movie cost $500 million as "ridiculous."

  • Microsoft, News Corp weigh web pact: source Reuters - Mon Nov 23, 11:19 AM ET

    NEW YORK (Reuters) - Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday.