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RICHMOND, Va., Oct. 21 /PRNewswire-USNewswire/ -- A failure to introduce new products at the same rate as foreign manufacturers explains the dwindling market share of United States auto companies, according to a new Virginia Commonwealth University study to be published in the Journal of Business Research.

Wells Fargo has reported record earnings for the third consecutive quarter, even though losses from bad loans remain an industry-wide concern. According to a company announcement, third quarter net income was $3.2 billion, up 98 percent from last year, and diluted earnings per common share were up...

Chancellor attacks Wall Street bank's £10bn payout plan after vice-chairman Lord Griffiths says huge salaries are price worth payingAlistair Darling has openly criticised Goldman Sachs over its plan to pay huge staff bonuses so soon after the financial crisis nearly crushed the banking sector.Speaking at an event in London this lunchtime, the chancellor cited the Wall Street giant as an example of a bank that 'manifestly' failed to appreciate how the City landscape had changed.'What happened with Goldman Sachs last week sends the wrong signals,' said Darling, who was attending an event at Canary Wharf. 'I've spoken to all our banks and none of them would be standing here today if the taxpayer hadn't put their hand into their pocket.'Goldman Sachs itself does not appear to share Darling's concerns. Last night, Lord Griffiths, vice-chairman of Goldman Sachs International, claimed that huge salaries were a price worth paying.'I believe that we should be thinking about the medium-term comm

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By Tricia Wright LONDON, Oct 21 (Reuters) - Britain's top share index closed 0.3 percent higher on Wednesday, lifted by forecast-beating results from U.S. banks Morgan Stanley and Wells Fargo . The FT...

TOYOTA, the world's biggest carmaker, began sales of its namesake brand in South Korea, challenging Hyundai and affiliate Kia Motors in a country where they have a 72 per cent market share.

Aviva anticipates using some proceeds from selling shares in its Dutch financial-services unit for a deal that would help it expand its U.S. life-insurance operations.

Fallen financier has plunged from his Manhattan penthouse to the lower bunk of a cell he shares with a drug offender and eats pizza cooked by a child molester.

ATLANTA, GA--(Marketwire - October 21, 2009) - WES Consulting, Inc. (OTCBB: WSCU) has completed a reverse merger with Liberator, Inc. ('Liberator') (www.liberator.com), a Georgia-based provider of erotic luxury items to consumers who believe that sensual pleasure and fulfillment are essential to sexual well-being and a well-lived, healthy life. The effective date of the merger was October 19, 2009. Under the terms of the Merger Agreement, WES Consulting ('Company') has issued a total of 60,932,981 shares to the shareholders of Liberator in return for the transfer of a 100% ownership interest in Liberator. The Company intends to change its name to Liberator, Inc. to reflect its new business and the symbol will remain WSCU.OB until such time as the name is changed in the state of Florida and an application for a symbol change is submitted to FINRA and FINRA issues a new symbol for the Company.

Media General Inc., the Richmond, Va.-based owner of the Winston-Salem Journal, reported on Wednesday a loss of $62.5 million, or $2.80 per share, during the third quarter. That's compared with net income of $6.1 million, or 27 cents per share, during the same period in 2008.