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Volvo auction moves ahead; decision possible soon
NEW YORK, May 6 (Reuters) - Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
Reuters

KKR to buy Oriental Brewery for $1.8 bln-sources
HONG KONG, May 7 (Reuters) - Kohlberg Kravis Roberts & Co. has agreed to buy Orientel Brewery from Anheuser-Busch InBev for $1.8 billion, sources said on Thursday.
Reuters

Philadelphia Insurance opens Memphis office
Philadelphia Insurance Cos. has opened a Memphis location, its second in Tennessee and 49th in the nation.
Biz Journal

Reports: Wells Fargo needs $15B capital boost following 'stress test'
Wells Fargo & Co., Colorado's largest bank, will need $15 billion in new capital, according to news reports on the U.S. Treasury Department "stress tests" of 19 large banks and other financial firms that are slated to be released Thursday. (WFC)
Biz Journal

Birla Power eyes diesel engine manufacturing co
Hopes to enter the business in 9-15 months.
Business Standard

Boeing jetliner orders tumble in April - SFGate: Business & Technology
Boeing Co. on Thursday reported a sharp drop in orders for its commercial jetliners in April, as the troubled global economy continued to hurt demand from airlines and cargo services. The Chicago-based aerospace company received orders for 17 jetliners last... ...
NewsRack

Boeing jetliner orders tumble in April - AP Business
PITTSBURGH (AP) -- Boeing Co. on Thursday reported a sharp drop in orders for its commercial jetliners in April, as the troubled global economy continued to hurt demand from airlines and cargo services....
NewsRack

Wells Fargo freezes pension plan, cuts 548 jobs
NEW YORK (Reuters) - Wells Fargo & Co on Wednesday said it is freezing its cash-balance pension plan for all employees, and has issued layoff notices to 548 workers in uptown Charlotte, North Carolina, the former home of Wachovia Corp.
Reuters

Gannett rallies on debt extension
Gannett Co. Inc.'s stock rallied as much as 15 percent Wednesday after the media giant got extensions on $237 million in debt. The McLean-based parent of USA Today said bondholders with $44 milli...
Big News Network

Warren Buffett Doubts Taiwan Tycoon
they believe a Taiwan tycoon's accusations against Chinese electric car maker BYD are "unfounded." Taiwan-based Hon Hai Precision Industry Co. has gone to court in Shenzhen, China with an intellectual...
India Gazette

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