World Business News

General Motors Co's board of directors fired Chief Executive Fritz Henderson on Tuesday, saying it wanted to chart a new course as the top U.S. automaker pushes ahead with its restructuring. GM Chairman Ed Whitacre will become interim chief executive...

The biggest wedding boom in history is helping power China's economic growth and may push its housing market into dangerously overinflated territory. Children of China's baby boomers are coming of age in the tens of millions, and as coddled only-children...

General Motors Co. said Tuesday that it will wind down its Saab division if no suitable buyer has been found by the end of the year. "The GM board of directors has received expressions of interest in Saab since the...

The Yorkshire and Chelsea building societies are in advanced talks about a merger that could be put to members within the next few days, the two groups confirmed yesterday. A source close to the negotiations said that a deal, which...

Nokia, the world's top mobile phone maker, said on Tuesday it had filed lawsuits in Britain and the United States, seeking compensation from display makers it accuses of participating in price-fixing. "We have filed two suits in the UK, one...

JD Wetherspoon plans to open 250 pubs creating 10,000 jobs • Pub chain raised profits despite poor trading conditions • 52 pubs a week are closing says brewers' trade body The pubs group is spending £250m to open new outlets...

David Gardner's top pick took an epic run of 1,334%! Many companies use stock buybacks to boost share prices and get rid of excess cash. But buybacks don't always work out well for companies or their shareholders. HPQ ) recently...

David Gardner's top pick took an epic run of 1,334%! ABT ) is playing it safe with another cholesterol drug, TriCor...Abbott claims that patents on the drug don't expire until 2023, but it'll let Teva launch a generic version of...

Manufacturers and exporters of furniture products have survived the impact of the global recession by shifting their marketing strategy to the domestic market. Emmanuel P. Padiernos, vice president for market development of the Chamber of Furniture Industries of the Philippines,...

Fifteen Thousand Indonesian Troops Dropped Into West Papua Large rallies are expected today to celebrate West Papua’s historic independence pronouncement on 1 December 1961, even as the Indonesian government drops in fifteen thousand extra soldiers. “The West Papua National Authority...