Breaking News

Share SHARE

Automaker General Motors Co. (GM) reported that total U.S. vehicle sales for the month of September 2014 rose 19.4% to 223,437 units from 187,195 units in the prior year month. Retail deliveries, which are sales to individual consumers, were up 17 percent. Fleet deliveries were up 30 percent, including...

Automaker Chrysler Group LLC reported Wednesday a 19 percent increase in total U.S. sales for the month of September, marking the 54th consecutive month of year-over-year sales gains, reflecting sales growth in four of its five brands. The company also recorded the best September sales since 2005, and...

Design software maker Autodesk, Inc. (ADSK) Wednesday backed its business outlook for the third quarter and fiscal year 2015. The firm also announced the appointment of Scott Herren as senior vice president and chief financial officer, effective November 1. Herren, who is currently serving as senior...

Nissan Group (NSANF.PK, NSANY.PK) reported total U.S. sales for September 2014 of 102,955 units, an increase of 18.5 percent over the prior year. Total car sales grew 13.2% year-over-year to 60,574 units, while total truck sales rose 27.0% to 42,381 units over a year earlier. Nissan Division September...

Ford Motor Co. (F) reported that its U.S. sales for the month of September 2014 declined 2.7% to 180,175 vehicles from 185,146 vehicles in the same month last year. But, Retail sales of 137,297 vehicles increased 2 percent. Car sales for the month of September decreased 6.9% year-over-year to 53,609...

ARI Network Services Inc. (ARIS) announced it has acquired TCS Technologies, a provider of software, websites and digital marketing services designed exclusively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical. Terms of the deal were not disclosed....

McClatchy Co. (MNI) said that it and the remaining partners in Classified Ventures, LLC or CV completed the sale of their entire stakes in CV to Gannett Co., Inc. (GCI) for a price that values CV at $2.5 billion. The definitive agreement to sell the ownership stakes was originally announced on Augugu...

BlackBerry Limited (BBRY, BB.TO) announced the appointment of Michael Daniels, former Chairman and CEO of Mobile 365, to the company's Board of Directors. With the addition of Daniels, the company's Board of Directors now consists of seven members, six of whom are independent members. Giving a brief...

Lighting fixtures maker Acuity Brands, Inc. (AYI) posted 22 percent higher net income of $54.8 million, or $1.26 per share in the fourth quarter, compared with $44.9 million, or $1.03 per share, in the prior-year period. On average, 13 analysts polled by Thomson Reuters expected the company to report...

Frontline Management (Bermuda) Ltd. (FRO, FRO.L) and Tankers International LLC Wednesday announced the formation of a new company, VLCC Chartering Ltd. The new company aims to create a larger fleet with more flexibility and more options for cargo owners and a single point of contact to access these...

Branded lifestyle apparel maker VF Corp. (VFC) on Wednesday said Robert Shearer, its senior vice president & chief financial Officer will retire in March 2015, after 28 years with the company. Scott Roe, currently the vice President, controller and chief accounting Officer, will succeed Shearer as...

Knight Transportation, Inc. (KNX) announced it has acquired 100% of the outstanding stock of Barr-Nunn Transportation, Inc. and certain affiliates. The enterprise value at closing was approximately $112.4 million, valued on a cash-free, debt-free basis. The transaction also provides for a potential one-time...

Swedish telecommunications firm TeliaSonera (0H6X.L, TLSNY.PK) Wednesday signed an agreement on the acquisition of Ipeer AB, a leading corporate supplier of cloud and hosting services in Sweden, from Applewise AB. TeliaSonera acquires all of the shares in Ipeer AB. The purchase price is not disclosed....

Trucking company Landstar System, Inc. (LSTR) Wednesday said it appointed James Gattoni as president and chief executive officer, effective from December 29. Henry Gerkens, chairman and CEO will continue as executive chairman through the AGM scheduled in May, 2015, as he had earlier agreed. Gattoni...

American Realty Capital Properties, Inc. (ARCP) Wednesday said it has signed a definitive agreement to sell its private capital management business, Cole Capital to RCS Capital Corp. (RCAP) for at least $700 million. In the light of the transaction, ARCP revised its full-year 2014 adjusted funds...