Business: Industries

Robert Nardelli, Chairman and Chief Executive Officer of Chrysler, speaks in March 2008 at the New York International Auto Show. Nardelli confirmed Monday that the company is holding talks about a potential alliance with another automaker, but cautioned no deal had been reached.(AFP/File/Stan Honda)

Chrysler merger not inked yet: chief

AFP - 9 minutes ago

DETROIT, Michigan (AFP) - Chrysler's top executive confirmed Monday that the company is holding talks about a potential alliance with another automaker, but cautioned no deal had been reached.

  • A Ford Motor Co. dealership is seen in Encinitas, California July 21, 2008. (Mike Blake/Reuters)
    Automakers could return to Congress for help Reuters - 11 minutes ago

    WASHINGTON (Reuters) - U.S. automakers could turn to Congress after the November election to try to expedite $25 billion in government-backed loans, which Detroit manufacturers consider crucial to reversing their steep downward spiral.

  • A note (L) is placed under a candle during an AIDS International Candlelight Memorial in Belgrade May 18, 2008. (Marko Djurica/Reuters)
    AIDS vaccine focus shifts after disappointments Reuters - Mon Oct 13, 9:31 AM ET

    WASHINGTON (Reuters) - A global AIDS vaccine conference this week will seek fresh strategies against the HIV virus, with experts weighing the value of basic laboratory research against large-scale human clinical trials after a string of disappointments.

  • In this April 18, 2006 file photo, a woman leaves the Eli Lilly and Company campus in downtown Indianapolis. Eli Lilly & Co. has agreed to spend more than $6 billion to fortify its cancer treatment portfolio by acquiring the biotechnology firm ImClone Systems Inc. in a deal that tops earlier offers from competitor Bristol-Myers Squibb Co. (AP Photo/Michael Conroy, file)
    Eli Lilly settles Zyprexa inquiries in 32 states AP - Tue Oct 7, 2:57 PM ET

    INDIANAPOLIS - Drugmaker Eli Lilly & Co. cleared another legal cloud hanging over its top-selling drug Zyprexa when it announced a $62 million settlement Tuesday, but several other storms are still brewing for the antipsychotic medication.

  • Kazakh bloggers say can't access popular website Reuters - Mon Oct 13, 9:14 AM ET

    ALMATY (Reuters) - Internet users in Kazakhstan complained of censorship Friday after being unable to access the popular blogging service Livejournal, but the state-owned telecoms company denied it was blocking it.

  • The logo of German telecommunications giant Deutsche Telekom. Confidential data on 30 million German phone users could be consulted on the Internet as a result of an error until the phone company locked access, a spokesman for Deutsche Telekom said Saturday.(AFP/File/John Macdougall)
    Error puts data on 30 million German phone users on Internet AFP - Sat Oct 11, 5:22 PM ET

    BERLIN (AFP) - Confidential data on 30 million German phone users could be consulted on the Internet as a result of an error until the phone company locked access, a spokesman for Deutsche Telekom said Saturday.

  • In this Aug. 12, 2008 file photo, shoppers walk in front of a Abercrombie & Fitch store in San Jose, Calif. Teen apparel retailer Abercrombie & Fitch Co. said Thursday, Oct. 9, 2008, that its September same-store sales dropped 14 percent, more than quadruple the drop Wall Street expected. (AP Photo/Paul Sakuma, file)
    Apparel chains report dismal September sales AP - Thu Oct 9, 3:33 PM ET

    NEW YORK - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.

  • Visitors wait in a queue at the Cable Car turn in front of a Gap Inc. store in San Francisco, California August 21, 2008. (Robert Galbraith/Reuters)
    Clothing chains falter as shoppers cut back Reuters - Thu Oct 9, 12:41 PM ET

    NEW YORK (Reuters) - Clothing retailers reported dismal same-store sales results for September as the global financial crisis further squeezed consumers who were already cutting back because of the weak economy.

  • People pass a Sovereign Bank window, Tuesday, Sept. 30, 2008 in Boston. Sovereign Bancorp said Monday, Oct. 13, 2008, that it is in advanced discussions with Spain's Banco Santander regarding a possible buyout of the Philadelphia-based thrift. (AP Photo/Lisa Poole)
    Banco Santander buying rest of Sovereign for $1.9B AP - 13 minutes ago

    NEW YORK - Banco Santander of Spain said Monday it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured debt related to mortgages.

  • People walk past a Santander bank branch in Madrid July 14, 2008. (Andrea Comas/Reuters)
    Banco Santander to buy rest of Sovereign Bancorp Reuters - 41 minutes ago

    LOS ANGELES (Reuters) - Spain's Banco Santander SA, the largest euro zone bank, (SANB4.SA) said on Monday it will buy U.S.-based savings and loan Sovereign Bancorp Inc in a stock-for-stock transaction worth $1.9 billion.

  • Ty Pennington, host of the TV show 'Extreme Home Makover: Home Edition' stands in front of a mock-up of the redesigned TV Guide magazine during a press conference where it was unveiled in New York October 11, 2005. (Erin Siegal/Reuters)
    Macrovision to sell TV Guide Magazine Reuters - Mon Oct 13, 5:01 PM ET

    (Reuters) - Software maker Macrovision Solutions Corp said it agreed to sell its TV Guide Magazine to private-equity firm OpenGate Capital.

  • Normal business hours resume the day after a fire at Universal Studios in Los Angeles June 2, 2008. (Phil McCarten/Reuters)
    Universal Studios to distribute DreamWorks films Reuters - Mon Oct 13, 4:59 PM ET

    LOS ANGELES (Reuters) - General Electric Co's Universal Studios has reached an agreement to distribute films by DreamWorks SKG in its new partnership with Reliance ADA Group of India, DreamWorks Chairman Stacey Snider said on Monday.