Business: Industries

The new Saab 95 is pictured at the Frankfurt International Auto Show IAA in Frankfurt September 15, 2009. REUTERS/Johannes Eisele

GM's Saab sale collapses as buyer backs out

Reuters - 1 hour, 1 minute ago

DETROIT (Reuters) - A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.

  • GM returns $140M provided for parts suppliers AP - Tue Nov 24, 7:15 PM ET

    WASHINGTON - General Motors has returned $140 million of the $290 million it received from the government to support is parts suppliers.

  • The risks of taking anti-inflammatory drug Vioxx could have been detected nearly four years before the drug was pulled from the market, according to analysis of nearly 30 clinical trials.(AFP/Getty Images/File)
    Trials showed Vioxx risk years before withdrawal: study AFP - Tue Nov 24, 8:50 AM ET

    WASHINGTON (AFP) - The risks of taking anti-inflammatory drug Vioxx could have been detected nearly four years before the drug was pulled from the market, according to analysis of nearly 30 clinical trials.

  • Valeant Pharma begins selling generic IBS drug AP - Mon Nov 23, 3:46 PM ET

    ALISO VIEJO, Calif. - Valeant Pharmaceuticals said Monday it began selling a generic version of Librax, a treatment for irritable bowel syndrome drug.

  • AT&T and Verizon ads duel on airwaves and in court AP - 2 hours, 55 minutes ago

    NEW YORK - What would the holidays be without bickering between siblings? AT&T and Verizon are swamping TV with ads attacking facets of each other's wireless networks. While the ads stick fairly close to the truth, there's a lot they don't say.

  • European Parliament Adopts Telecom Laws After Bitter Debate PC World - Tue Nov 24, 10:05 PM ET

    After two years of often bitter debate, the European Parliament approved a raft of new telecom laws Tuesday.

  • Coldwater Creek posts wider 3Q loss on tax charge AP - Tue Nov 24, 5:07 PM ET

    SANDPOINT, Idaho - Women's apparel retailer Coldwater Creek Inc. said Tuesday its loss widened in the third quarter, largely because of a hefty tax charge and higher promotional costs.

  • Winfrey's mother, retailer settle bill dispute AP - Tue Nov 24, 3:28 PM ET

    WAUKESHA, Wis. - A financial dispute between Oprah Winfrey's mother and a high-end fashion store in Wisconsin has been settled.

  • JC Flowers in pursuit of UK bank assets Reuters - 1 hour, 20 minutes ago

    SYDNEY (Reuters) - U.S. private equity investor JC Flowers is circling Britain's weakened banking industry, prepared to swoop on forced divestments over the next 12 months, according to the firm's new European and Asia Pacific boss.

  • The post-crisis world economy faces new risks from investment bubbles that risk plunging millions back into poverty, according to World Bank chief Robert Zoellick (pictured on November 13).(AFP/File/Saeed Khan)
    Zoellick warns of asset bubble risks AFP - 2 hours, 23 minutes ago

    SINGAPORE (AFP) - The post-crisis world economy faces new risks from investment bubbles that risk plunging millions back into poverty, according to World Bank chief Robert Zoellick.

  • Washington Post closing remaining U.S. bureaus Reuters - Tue Nov 24, 6:47 PM ET

    NEW YORK (Reuters) - The Washington Post is closing its last U.S. bureaus outside the nation's capital as the money-losing newspaper retrenches to focus on politics and local news.

  • Playboy magazine founder Hugh Hefner and former girlfriend Holly Madison view photographs from selections of the Playboy archives, in a file photo. REUTERS/Robert Galbraith
    Playboy to outsource magazine ops to American Media Reuters - Tue Nov 24, 6:41 PM ET

    NEW YORK (Reuters) - Playboy Enterprises Inc will outsource all its publishing operations except for editorial to American Media Inc in a bid to cut costs and return its namesake magazine to profitability in two years.