Mercedes to run triple-axle luxury coaches in India next fiscalOctober 9th, 2009 KOLKATA - Premium auto maker Mercedes-Benz plans to roll out triple-axle intercity luxury coaches on Indian roads in financial year 2010-2011, a top company official said here Friday. "We're planning to run triple-axle commercial vehicle on the Indian roads in the next 6-12 months.
American Axle reaches deal with lenders to restructure debt, gets $110 million in help from GMSeptember 17th, 2009 American Axle restructures debt, gets help from GMDETROIT — American Axle & Manufacturing Holdings Inc. said Thursday that it reached a deal to restructure its debt and received millions in financial help from General Motors, likely preventing a bankruptcy protection filing at struggling auto supplier.
Cost Plus predicts a wider loss in third quarter than a year earlier as sales declineAugust 27th, 2009 Cost Plus expects loss third-quarter loss to widenOAKLAND, Calif. — Specialty home retailer Cost Plus Inc.
American Axle, Home Depot, TJX, Huron Consulting are among big market movers TuesdayAugust 18th, 2009 American Axle, Home Depot, TJX are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
American Axle & Manufacturing Holdings Inc., up $3.08 at $5.70
The auto parts manufacturer won another extension on its credit line and reached a financial agreement with General Motors Co.
Home Depot Inc., up 82 cents at $26.93
Home Depot
Production cuts, bankruptcies at GM and Chrysler make for tough quarters for suppliersAugust 6th, 2009 Automakers' shutdowns drive suppliers' 2Q lossesNEW YORK — With global auto production still in a slump and two of the U.S. automakers in bankruptcy protection, it wasn't a big surprise that the second quarter was another tough one for auto suppliers.
AIG, American Axle, Whole Foods, EA, Garmin, Radian are big market movers WednesdayAugust 5th, 2009 AIG, American Axle, Whole Foods, EA are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
American International Group Inc., up $8.48 at $22
Shares of the embattled insurer gained more than 60 percent ahead of its earnings release slated for Friday and the Monday start of new CEO Robert Benmosche, former head of MetLife. American Axle and Manufacturing Holdings Inc., up $1.14 at $3.75
The auto supplier's second-quarter loss shrunk in half from a year ago — but so did its sales due to Detroit automakers' plant shutdowns.
Weyerhaeuser posts wider 2Q loss as weak demand hurts salesJuly 31st, 2009 Weyerhaeuser posts wider loss in second quarterFEDERAL WAY, Wash. — Weyerhaeuser, one of the world's largest forest product companies, says it lost $106 million in the second quarter as the slumping housing market kept demand low for its timber and wood products.
RealNetworks posts wider 2nd-quarter loss on falling sales, write-offsJuly 30th, 2009 RealNetworks posts wider 2Q loss as sales slipSEATTLE — Digital entertainment company RealNetworks Inc. posted a wider loss for the second quarter on Thursday, hit with declining revenue and write-offs on the value of its assets.
STMicroelectronics posts larger 2nd-quarter lossJuly 29th, 2009 STMicroelectronics posts larger 2Q lossNEW YORK — Swiss chip maker STMicroelectronics NV posted a wider net loss for its second quarter Tuesday as revenue declined, but said its results reflect "solid progress across several key fronts" and sales were better than planned. The company posted a net loss of $318 million, or 36 cents per share, compared with a loss of $47 million, or 5 cents per share, in the same period a year earlier.
SBA Communications posts wider-than-expected 2Q loss, as higher costs trumped stronger salesJuly 29th, 2009 SBA Communications posts wider 2Q lossBOCA RATON, Fla. — SBA Communications Corp., which leases cell phone towers to wireless providers, on Tuesday posted a wider-than-expected loss for its second quarter as operating costs grew.
American Axle working through restructuring plan with legal and financial advisersJuly 11th, 2009 American Axle working through restructuring planNEW YORK — American Axle is working with longtime legal and financial advisers to consider restructuring options, but the company and a law firm representing it are stopping short of saying they are considering bankruptcy. "After discussions with our bankruptcy group we are not in a position to comment," a Shearman & Sterling spokesman said.
American Axle suing supplier Republic Engineered Products to resume steel shipmentsJune 16th, 2009 American Axle sues steel maker to resume shipmentsNEW YORK — Auto parts supplier American Axle & Manufacturing Holdings Inc. is seeking a court order to get one of its steel suppliers to resume deliveries, saying that by cutting off supplies it threatens the entire auto supply chain.
Citigroup, Dow Chemical, Fannie Mae, Fifth Third among big market movers FridayMay 9th, 2009 Citigroup, Dow Chemical, Fannie Mae big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Citigroup Inc., up 21 cents at $4.02
The bank said it planned to convert $33 billion of preferred shares into common stock to meet requirements of regulators' "stress test."
Dow Chemical Co., up $1.75 at $17.50
The chemical company will save millions on dividend payments after swapping out preferred shares used in its buyout of Rohm & Hass. Fannie Mae, down 2 cents at 86 cents
The mortgage finance company will need $19 billion more in government aid and warned that even that may not be enough to keep it solvent.
AK Steel trims second-quarter outlook on GM, Chrysler production shutdownsMay 5th, 2009 AK Steel cuts its second-quarter outlookPITTSBURGH — Production cuts at General Motors Corp. and Chrysler LLC will leave AK Steel with a larger-than-expected loss in the second-quarter, the steel maker said Tuesday.
UAW official says American Axle to shutter Detroit plant, hundreds to lose jobsApril 28th, 2009 Union: American Axle to close Detroit plantNEW YORK — American Axle & Manufacturing Inc. plans to shutter the largest plant at its Detroit manufacturing complex and move production to Mexico, a union official said Tuesday.
Loading ...