Mattel to cut 1,000 jobs worldwide

NEW YORK – Toy maker Mattel Inc. said Thursday it is cutting about 1,000 positions worldwide in response to the economic downturn.
The El Segundo, […]

Housing slump hits GMAC’s bottom line

NEW YORK–Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by the housing slump and vehicle lease writedowns, and said its […]

Luxury goods industry ready for hard times

CRAMANT, France–Savouring a rustic lunch of tuna salad, veal stew and red wine, Benoit Gouez, chief vintner at Champagne house Moet & Chandon, took […]

Bridgeton

Feld Chevrolet in Bridgeton has closed its doors and is facing legal action from GMAC LLC, the financing company allied to General Motors Corp.
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Top Mass. regulator makes waves in ARS debacle

Massachusetts’ top securities regulator has sparked fear in some big banks and fund firms, as local investors often laud him as a white knight.
Elected […]

Nestle, Sara Lee profits lifted by price increases

Nestle SA (NESN.VX: Quote, Profile, Research, Stock Buzz), the world’s largest food company, reported a first-half profit at the top of analysts expectations on […]

Congress deadlocked on energy policy

Congress appeared deadlocked Wednesday on responding to the nation’s energy problems amid a bitterly partisan rift over whether to open long-restricted offshore waters to […]

Iraq throws open door to foreign oil firms

Iraq opened its giant oilfields to foreign firms on Monday, putting British and U.S. companies in pole position five years after U.S.-led troops invaded […]

CAE wins $24M Lockheed Martin contract

MONTREAL–CAE Inc. has won a contract worth C$24 million to provide two full-mission simulators for the new BAE Systems Hawk 128 advanced jet training […]

Tata buys Jaguar, Land Rover

DETROIT–Cash-strapped Ford Motor Co. officially unloaded its storied Jaguar and Land Rover businesses yesterday for $1.7 billion (U.S.), a mere third of what it […]