Nov 4th, 2009 - Philly
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AUBURN HILLS, Mich. - Chrysler plans to overhaul its vehicles with technology from its new Italian partner, Fiat SpA, and says it has the cash to pay for it, helped by the U.S. government and lower costs.
CEO Sergio Marchionne, who also runs Fiat, began unveiling Chrysler's new five-year business plan on Wednesday. The plan calls for 75 percent of its vehicle lineup to be new or changed by this time next year, and 100 percent by 2012. Marchionne said the company plans to spend $23 billion on the product turnaround through 2014.
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NEC plans $1.5 billion share sale after losses
Nov 5th, 2009 - Reuters
TOKYO (Reuters) - NEC Corp (6701.T), Japan's biggest PC maker, plans to sell up to 133.9 billion yen ($1.5 billion) to restore its battered capital base as it scrambles to cut costs and shift focus to cloud computing and lithium-ion batteries.
Munich Re Quarterly Profit Misses Analyst Estimate
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Munich Re, the world’s biggestreinsurer, reported a smaller-than-estimated third-quarterprofit after it set aside money for future tax payments. Net income was 644 million euros ($955 million) for thethree months ended Sept...
Chrysler rolls out five-year plan
Nov 5th, 2009 - kansascity
AUBURN HILLS, Mich. | Chrysler plans to pump life into its car lineup with technology from its new Italian partner, Fiat SpA, and says it has the cash to do it as the two automakers start to combine.
CEO Sergio Marchionne...Chrysler: cash up more than $1 billion from June
Nov 5th, 2009 - Houston Chronicle
AUBURN HILLS, Mich. - Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company's sagging fortunes. Chrysler is announcing a new business plan at a daylong event today...
News Corp Emerging From Bottom of Cycle: Murdoch
Nov 5th, 2009 - CNBC
Strong performance at News Corp's (NWS) cable channels and movie studio helped compensate for advertising declines, helping the media giant outperform Wall Street's expectations.
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