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US consumer confidence jumps in April

Washington - Consumer confidence in the United States surged in April as governments have begun...
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Board member: Mercedes won't quit F1 over losses

Stuttgart - Mercedes has no intention to quit Formula One racing over big losses due to the global...
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Daimler unveils cuts as losses mount amid car crisis

Frankfurt  - German car giant Daimler AG unveiled a tough cost-cutting program Tuesday after...
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Opel prospect Magna presents "interesting" concept

Berlin - The Canadian-Austrian car parts supplier Magna presented the German government Tuesday...
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Report: Chrysler and creditors reach last-minute deal

Washington  - Chrysler LLC reportedly reached a deal Tuesday with its creditors to write off...
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Nokia to Cut 450 Jobs, Develop New Services

Nokia to Cut 450 Jobs, Develop New Services

Nokia, the world's largest mobile phone maker, said it plans to cut 450 jobs in an attempt to cut...
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Pioneer to raise 25 million dollars in fresh capital from Honda

   Tokyo - Pioneer Corp plans to raise 2.5 billion yen (25.85 million dollars) in...
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Bauknecht's Whirlpool barely spins past red zone

New York - Whirlpool, the world's largest maker of household appliances, barely stayed in the black...
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GE claims data storage breakthrough with 100 DVDs on one disc

San Francisco - General Electric has achieved a breakthrough in digital storage technology, using...
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Verizon posts better-than-expected profits

New York - Verizon Communications Inc, the second-largest US phone company, had...
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