GM considering job and brand cuts
General Motors Corp may get rid of some brands, speed up the introduction of small cars from other markets and make further white-collar job cuts as it tries to deal with a shrinking United States auto market. A person familiar with the company's...
Coca-Cola settles lawsuit for US$137.5m
The Coca-Cola Company, the world's largest beverage maker, has agreed to pay $137.5 million to settle a shareholder lawsuit that claimed company officials mis-represented or omitted infor-mation in public statements, causing the company's stock price to...
Indian city to get Daimler-Hero truck plant
Daimler AG and India's Hero Group said yesterday they have selected the Indian city of Chennai for a commercial vehicle plant that will produce around 70,000 trucks per year, starting 2010. Construction of the plant involves an investment of some...
Corn, soya prices down as commodites fall back
NEW YORK (AP): Corn and soybean prices tumbled Monday, falling the maximum allowed limit on expectations that warm, dry weather in the US Midwest will help crops recover from last month's floods and ease supply concerns. Corn last week surged close to an all-time high near $8 a bushel...
InBev seeks ouster of Anheuser board
Brewer InBev turned up the heat in its $46 billion bid for Anheuser-Busch, announcing Monday that it will attempt to remove the company's entire board. An alternate board, which would include Adolphus Busch IV, the uncle of Anheuser CEO August Busch IV,...
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