Navistar to Source Engines From Cummins, Expects 3rd Quarter Loss
Navistar International Corp. (NAV) will begin offering Cummins Inc. (CMI) engines in its heavy-duty trucks early next year as part of its switch to a pollution reduction system used by the rest of the truck industry.
IMF to U.S. Need Housing Recovery to Boost Growth
The International Monetary Fund said the U.S. needs a strong housing market to eventually boost economic growth and reducing high levels of unemployment.
Peru's Mining Sector Sees Lower Earnings in Second Quarter
Peru's biggest mining companies saw a sharp drop in their second-quarter net earnings, largely due to lower metal prices.
US DATA WEEK AHEAD: July Jobless Rate Seen Staying at 8.2%
The following are forecasts for this week's remaining data from a survey compiled by Dow Jones Newswires on Friday and Monday.
Telecom Italia Won't Lose Control of Network - Chief Executive
Italian telecommunications incumbent Telecom Italia (TI) said Thursday that the company won't lose control of the network, which is one of its most important assets, although it is exploring alternatives to improve and upgrade the country's network.
Banca IMI's Net Profit Soars on Trading, Sales
Intesa Sanpaolo SpA's (ISP.MI) investment banking unit Banca IMI said Thursday its consolidated net profit for the first half rose 37.5% to 401 million euros ($489 million), boosted by its trading, sales and capital markets activities.
Gilead Sciences to Promote Low-Cost HIV Medicine in Developing World
Gilead Sciences Inc. (GILD) said it plans to partner with Mylan Inc. (MYL), Ranbaxy Laboratories Ltd. (500359.BY) and Strides Arcolab Ltd. (532531.BY) to promote access to high-quality, low-cost generic versions of Gilead's HIV medicine emtricitabine in developing countries.
AT&T Agrees to Acquire Nextwave as Part of Spectrum Strategy
AT&T Inc. (T) agreed to acquire Nextwave Wireless Inc. (WAVE), a wireless technology firm that manages and maintains wireless spectrum licenses, for up to $50 million plus the repurchase of debt from bondholders.
OIL FUTURES: Crude Deepens Losses On ECB Disappointment
Oil futures pushed lower Thursday after the European Central Bank failed to offer fresh measures to stimulate Europe's ailing economies, fanning worries over weak crude demand.
Applications Given Early Antitrust Clearance
The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators.