Renault Boosts Brazil Motor Output Capacity 25% to 500,000 a Year
Renault SA (RNO.FR) said Thursday that it had boosted capacity at its Brazil factory by 25% to produce 500,000 motors a year, part of its 1.5 billion-Brazilian real ($732 million) investment to increase output in the world's fourth-largest auto market.
Wall Street Pounded as Central Bank Hopes Fade
Wall Street followed European markets sharply lower on Thursday as news that central banks on both sides of the Atlantic won't be taking immediate action to prop up struggling global economies shook traders' confidence.
AT&T Buying NextWave in Move To Expand Spectrum Access
AT&T Inc. (T) agreed to buy NextWave Wireless Inc. (WAVE) in a deal valued at $600 million, as the telecommunications company makes a long-term bet for additional wireless airwaves to help deal with the increased delivery of data to smartphones and other mobile devices.
Gold Settles Below $1,600 On Draghi's Lack Of Plan
Gold futures ended lower Thursday after European Central Bank President Mario Draghi disappointed markets and offered no immediate steps to tackle the ongoing euro-zone debt crisis.
Eloqua Notches Modest Gains After IPO
Software company Eloqua Inc.'s (ELOQ) initial public offering met healthy demand Thursday, as shares opened higher and added to gains later in the trading session.
Renault to Raise Engine Production Capacity in Brazil
French car maker Renault SA (RNO.FR) said Thursday that it plans to increase production capacity at its engine plant in Brazil by 25% between now and 2013.
8 Consumer Stocks That Could Be On Sale
Alan Brochstein identifies 8 Consumer stocks that have dropped more than 20%We are more than halfway through earnings season, which has been rather eventful thus far.
Knight Plunges 50%, Grasps for a Lifeline
Knight Capital saw its stock nosedive after it revealed a massive trading loss, stifling its access to capital and forcing the embattled market maker to search for an emergency loan. • How it Happened • Knight Shops Itself
Knight Capital Former CEO Pasternak Says Company Can Rebound
Knight Capital Group's co-founder and former CEO Kenneth Pasternak said on Thursday the company can rebound after a trading glitch that wiped out $440 million in capital.
S&P Cuts ArcelorMittal Credit Ratings to Junk Status
Standard and Poor's Ratings Services downgraded steel titan ArcelorMittal's (MT) long and short-term ratings by one notch to junk status Thursday following the credit rating firm's recent downward revision of its European economic growth forecasts and concerns about the health of the global economy.