Thain back from abyss to head CIT
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General Motor's Swedish Saab brand has been saved from certain death thanks to a last-minute deal with Dutch exotic car builder Spyker. Spyker has agreed to pay $74 million in cash and $326 million in preferred stock in a new Saab that will emerge from this deal.
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In a speech in Japan, U.S. President Barack Obama emphasizes the economic ties between Asia and America.
In Beijing's red hot real estate market, prices have grown more than 50 percent in the past year -- more than six times the country's total economic growth rate.
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China's economy grew by 8.7 percent in 2009, according to the National Bureau of Statistics.
English Premier League bottom side Portsmouth have denied being formally served with a winding up petition by the Inland Revenue -- in a statement released by the club.
Britain's Queen Elizabeth on Wednesday delivered the annual speech to mark the state opening of Parliament, highlighting climate change and strengthening financial regulation as the government's main priorities.
It hasn't been a good year for the black and gold.
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The president of Toyota said he takes full responsibility for safety issues in the company's cars and vowed to regain the trust of customers in his first interview after appearing on Capitol Hill on Wednesday.
The U.S. International Trade Commission voted unanimously Wednesday to impose new tariffs on imports of Chinese steel piping.
More than 3,000 people turned out in downtown Houston, Texas, Wednesday for a job fair designed for convicted felons.
Passengers vent their fury at Eurostar management as train services between England and France are canceled for a third day, leaving thousands stranded.
Heineken announced plans Monday to buy the beer operations of Mexico's Fomento Económico Mexicano (Femsa) for about $7.6 billion, as the Dutch brewer moves to expand its operations in the Western Hemisphere.