BRUSSELS (AFP) - European governments pulled back on Monday from a subsidy war feared by EU commission officials as US auto maker General Motors prepares severe job cuts in Europe.
DETROIT - General Motors Co. has sued a supplier, saying it has spent more than $30 million fixing problems in the steering systems of the Chevrolet Cobalt, its best-selling small car, and other vehicles.
PHILADELPHIA - A jury in Philadelphia has ordered Wyeth Pharmaceuticals to pay a woman $75 million in punitive damages after finding a link between her breast cancer and a hormone-replacement drug.
NERALEIGH, N.C. - Salix Pharmaceuticals Ltd. said Monday it completed its public offering of 5.5 million shares of common stock.
NEW DELHI (AFP) - British mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a two-billion-dollar Indian tax claim over its purchase of India's third-largest mobile operator.
PHILADELPHIA - Shares of ADC Telecommunications Inc. fell Friday after the company posted a net loss in the fourth quarter and warned that first-quarter earnings will come in lower than expected.
EMERYVILLE, Calif. - Coffee chain retailer Peet's Coffee & Tea Inc. says it has raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. by about 24 percent to $265 million.
CHICAGO (Reuters) - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.
SALT LAKE CITY - Bank holding company Zions Bancorp. on Monday announced an offer to exchange about $140 million of its preferred stock for common stock.
CINCINNATI - Hunters are donating more venison to strapped food banks as Ohio and other states offer financial aid aimed at managing high deer populations. It's a much-needed boost for pantries struggling to meet rising demand.
LONDON (Reuters) - Scottish singer Susan Boyle, who shot to fame after her audition for "Britain's Got Talent" was aired in April, appears set to have the biggest album in Britain this year, music retailer HMV said on Monday.
NEW YORK (Reuters) - Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday.