French defense manufacturer Thales has proposed to the British government that the two countries cut costs on their next generation of warships by sharing the construction responsibilities, its chief said yesterday.
BP Plc replaced its chief executive officer, settled claims from a deadly Texas refinery blast and cleaned up leaks in Alaskan oil pipelines during the past year. Reviving profit and gaining investor confidence may take longer.
Nestle beat forecasts with a 7.4 percent rise in first-quarter underlying sales but said profit growth would slow as it would not be able to fully pass on increases in the costs of raw materials.
ABN AMRO reported double-digit earnings gains yesterday, strengthening the hand of the underperforming Dutch lender as it enters the last days of merger talks with Barclays and faces a rival break-up bid.
Former Federal Reserve chairman Alan Greenspan played down his earlier concern about a possible US recession, saying the world economy would provide a cushion, according to people attending a forum in Tokyo yesterday.
The world's top casino operators are jockeying for a stake in a vast but untapped market as Japan moves closer to an overhaul of its strict gambling laws to lure rich Asian tourists and boost its economy.
Once a political star, billionaire Canadian heiress Belinda Stronach said on Wednesday she is quitting her MP job to help steer her family's auto-parts empire ahead of a likely bid for US car maker Chrysler.
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