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Markets

U.S. appeals court rules for GM over Spyker's Saab sale

General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

Oct 27, 2014 11:23 AM EDT

Markets

Ford rejects push for investment in Ontario plants: union

Ford Motor Co has rejected a pitch to make a new investment in its Windsor, Ontario, plants and decided to put the money in Mexico as the company originally planned, the head of Canada's main auto workers' union said on Friday.

Markets

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.

Markets

Exclusive: Ford to overhaul Lincoln brand, this time with big bucks

Ford Motor Co's (F.N) new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.

China's auto market growth may halve to 7 percent this year: industry body head

Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

Oct 27, 2014 11:00 AM EDT

'We won't pay,' furious Cameron tells EU over surprise bill

In a vivid display of fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro bill on Friday as EU leaders ordered an urgent review of the calculations used.

Oct 24, 2014 2:30 PM EDT

Wall St. climbs on Procter & Gamble, Microsoft

U.S. stocks advanced on Friday, buoyed by gains in Microsoft and Procter & Gamble after their quarterly results and as steps towards expediting the development of vaccines for Ebola eased concerns over its possible spread in the United States.

Oct 24, 2014 12:09 PM EDT

Microsoft sales beat Street hopes, cloud profits up

Microsoft Corp (MSFT.O) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

Oct 24, 2014 12:05 PM EDT

Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone

Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same.

Oct 24, 2014 11:59 AM EDT

GM posts higher-than-expected profit on strong North American demand

General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.

Oct 24, 2014 11:45 AM EDT

In emerging Indonesia, Honda's Mobilio muscles in on Toyota's turf

Honda Motor's (7267.T) Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor (7203.T) in Indonesia, the latest battleground for global carmakers.

Oct 24, 2014 11:39 AM EDT

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck.

Oct 24, 2014 11:33 AM EDT

The tax hit that loyal investors will take in 2014

If you are the kind of steadfast investor who buys a mutual fund and holds it forever, prepare to pay for your loyalty next April, when you settle up your 2014 tax bill.

Oct 23, 2014 12:15 PM EDT

U.S. student loan debt is not killing homeownership

Is surging student debt really preventing an entire generation from becoming first-time homebuyers? Is surging student debt really preventing an entire generation from becoming first-time homebuyers? That's true, to an extent, but also mischaracterizes education debt as holding most people back, rather than helping them get ahead.

Oct 23, 2014 12:11 PM EDT

U.S. factory activity growth slips in October: Markit

The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.

Oct 23, 2014 12:02 PM EDT

U.S. jobless claims data point to firming labor market

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Oct 23, 2014 11:59 AM EDT