Media tycoon Rupert Murdoch has returned to the German TV market by buying a near-15 percent stake in the country's largest pay-TV broadcaster, Premiere, for 287 million euros.
Matsushita Electric Industrial Co will sell televisions in the United States that can access Google Inc's YouTube, riding on the popularity of a site where more than 100 million videos are viewed daily.
Ford Motor Co said yesterday it plans to invest $500 million in India to double manufacturing capacity by 2010 and make a small car and engines, making the fast-growing market a key production hub in the Asia-Pacific region.
Bear Stearns Cos Chief Executive Officer James Cayne plans to resign as the securities firm's shares languish following unprecedented losses from the collapse of the subprime mortgage market, according to a source.
The dollar rallied yesterday, recovering from a slide after last week's poor US jobs data and helping European equities edge up, while government bond prices fell.
General Motors Corp, the world's largest automaker, will probably get 75 percent of car and truck sales from outside the United States within a decade, Chief Executive Officer Rick Wagoner said.
Japan's Mitsubishi Heavy Industries said yesterday that it aimed to slash the launch cost of its H-2A rocket as it competes with European and US rivals to put satellites into space.
Shares in European aerospace group EADS fell yesterday on reports of production problems with the Airbus A400M military transporter.
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