Business: Industries

In this April 1, 2008 file photo, a Ford Fiesta is pictured in Cologne, Germany. Ford Motor Co. posted the worst quarterly performance in its history Thursday, July 24, 2008, losing $8.67 billion in the second quarter. The company also said it will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles, and it announced plans to bring six new small vehicles, including the Fiesta, to North America from Europe by the end of 2012. (AP Photo/Hermann J. Knippertz, file)

Bleeding cash, Ford looks to Europe for help

AP - Thu Jul 24, 6:46 PM ET

DEARBORN, Mich. - Bleeding cash and with its very survival uncertain, Ford Motor Co., an icon of American automaking, will try to import some of its success from across the Atlantic.

  • In this Sept. 11, 2007 file photo, Ford CEO John Fleming presents the European Ford Focus during the first press day at the International Auto Show (IAA) in Frankfurt, Germany. Ford announced it will build the car in North America and is set to go on sale in the U.S. in 2010. Ford Motor Co. said Thursday, July 24, 2008, it lost $8.67 billion in the second quarter largely because of a reduction in the value of assets. (AP Photo/Bernd Kammerer)
    Ford, Daimler, Hyundai profits fall; Renault up AP - Thu Jul 24, 6:03 PM ET

    DETROIT - Ford Motor Co. posted its worst quarterly loss ever Thursday in a roiling global auto market that also saw profits fall at Daimler AG, Hyundai Motor Co. and AutoNation Inc. Renault SA reported a profit increase in the first half of the year but still plans to cut jobs and scale back production.

  • Bristol-Myers, Eli Lilly post strong 2Q results AP - Thu Jul 24, 4:11 PM ET

    TRENTON, N.J. - Like other major drugmakers, Bristol-Myers Squibb Co. and Eli Lilly & Co. saw benefits from the weak dollar in the second quarter, as sales grew at a faster rate overseas, but both also posted improvements in their U.S. businesses.

  • Bottles of Plavix shown on display at a pharmacy in North Aurora, Illinois July 24, 2008. Bristol-Myers Squibb Co, which sells leading blood clot preventer Plavix, on Thursday dismissed Eli Lilly and Co's rival Effient drug as a "niche" product that has harmed or failed to help three groups of patients in a big study. REUTERS/Jeff Haynes (UNITED STATES)
    Bristol comes out swinging at Lilly clot drug Reuters - Thu Jul 24, 2:54 PM ET

    NEW YORK (Reuters) - Bristol-Myers Squibb Co , which sells leading blood clot preventer Plavix, on Thursday dismissed Eli Lilly and Co's rival Effient drug as a "niche" product that has harmed or failed to help three groups of patients in a big study.

  • Open-network Chief Sees Verizon Following His Lead PC World - Thu Jul 24, 7:10 PM ET

    The head of the new open-network initiative at Verizon Wireless sees the carrier's traditional business following the open...

  • New Verizon FiOS Routers Boost Speed, Expandability PC Magazine - Thu Jul 24, 7:50 AM ET

    Verizon FiOS customers are about to get another speed boost. No, it won't be from the fiber pipe coming into their homes, but through the coaxial cables already snaking through their walls and into the FiOS set-top boxes throughout their homes.

  • Shoppers walk past sale signs on Oxford St in London, 2007. Retail sales have sunk in June to record the largest monthly drop for 22 years, official data showed, as consumers slashed spending amid an economic slowdown across the country.(AFP/File/Carl De Souza)
    Retail sales slump as Britain gripped by economic slowdown AFP - Thu Jul 24, 7:58 AM ET

    LONDON (AFP) - Retail sales sank in June to record the largest monthly drop for 22 years, official data showed on Thursday, as consumers slashed spending amid an economic slowdown across the country.

  • RadioShack profit tops view, sales rise Reuters - Thu Jul 24, 7:23 AM ET

    NEW YORK (Reuters) - RadioShack Corp reported a higher-than-expected quarterly profit on Thursday on a surprise increase in sales, but the electronics retailer said the economic environment continues to be challenging.

  • Private equity firms eye BankUnited: report Reuters - 2 hours, 29 minutes ago

    (Reuters) - Two private-equity firms are considering investments in BankUnited Financial Corp , weighed down by a huge portfolio of adjustable-rate mortgages, The Wall Street Journal said citing people familiar with the situation.

  • A Wachovia Bank branch is seen in Denver July 22, 2008. (Rick Wilking/Reuters)
    Wachovia CFO Wurtz to leave Reuters - Thu Jul 24, 6:31 PM ET

    NEW YORK (Reuters) - Wachovia Corp , which posted a record $8.86 billion second-quarter loss Tuesday, said Chief Financial Officer Thomas Wurtz will resign from the fourth-largest U.S. bank after a successor is named.

  • Stan Lee, Disney have "Time" for digital comics Reuters - Thu Jul 24, 11:30 PM ET

    LOS ANGELES (Hollywood Reporter) - Stan Lee, the former Marvel Comics mastermind, and the Walt Disney Company are looking to a time machine to take them to the future of comic books.

  • Screen Actors Guild president Alan Rosenberg speaks at a news conference to announce the nominations for the 13th annual Screen Actors Guild awards in West Hollywood, California in this January 4, 2007 file photo. (Mario Anzuoni/Files/Reuters)
    Hollywood actors union faces internal rift Reuters - Thu Jul 24, 11:29 PM ET

    LOS ANGELES (Reuters) - An insurgent faction within the Screen Actors Guild has launched a campaign to wrest control of the powerful union from leaders they blame for stalemated contract talks with major Hollywood studios.