General Electric Co is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada's biggest pension fund, according to a source familiar with the matter.
Tags: North America
GM Pre-Tax Profit Higher than Expected
General Motors pre-tax profit for the third quarter has increased by 37 percent or $3.1 billion thanks to a strong truck and SUV sales in North America and improved performance in China.
Asia Pacific Region has more millionaires than North America
The current Asia-Pacific Wealth Report 2015 showed Asia Pacific has a larger number of high net worth individuals compared to North America. A recent study indicates Asia Pacific region had exceeded North America with the number of high net worth individuals.
Led by US, foreign investors hold 54% of UK stock market
The holdings by rest of the world in UK stock market in 2014 stood at 54 percent and this remains at the same level of that in 2012. However, there's much increase in foreign investors' holding when compared with 31 percent in 1998.
Honda opens first compressed natural gas fueling station in Ohio despite CNG civic being discontinued
Despite its compact Civic sedan, which has compressed natural gas (CNG)-fueled powertrain, being discontinued earlier in 2015, Honda has just opened its first CNG refuelling station at its campus in Marysville, Ohio.
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Market research firm Gartner Inc estimated 7.3 million Chromebooks would be sold this year, helped mainly by demand from the education industry.
Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
General Motors (GM.N) on Thursday will announce a multibillion-dollar, multiyear investment in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said.
Ford Motor Co (F.N) reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America.
Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday.
Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.
The world's biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey & Co said in a report issued on Wednesday.
The Chevrolet Malibu has been a symbol of General Motors Co’s (GM.N) competitive woes for nearly 20 years due to designs that critics often lambasted as boring. Now, the No. 1 U.S. automaker is telling suppliers a redesigned version of the midsize sedan will deliver a long-awaited sales jolt.
Ford Motor Co said on Wednesday it is recalling more than 220,000 vehicles in North America for potential issues with door handles, vacuum pump relays and sensors.
