Himanshu Patel News
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UBS AG owes nothing to former U.S. clients who filed a “travesty” of a lawsuit against the Swiss bank over penalties and interest they paid to the Internal Revenue Service for offshore accounts, an appellate court ruled.
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General Motors Co. may hasten plans to increase output in China after regulators in the world’s largest automobile market said they will impose punitive duties on some vehicles imported from the U.S.
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Goodyear Tire & Rubber Co. gained the most since September in intraday New York trading after the largest U.S. tiremaker narrowed its first-quarter loss and beat analysts’ estimates.
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U.S. automobile sales probably fell for the first time in seven months in March as the crisis in Japan and the highest gas prices in more than two years hurt consumers’ confidence.
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Tesla Motors Inc., a U.S. electric- car maker, soared 13 percent, the most in seven months, after it lost less in the third quarter than analysts estimated and said it has a new tentative agreement to supply batteries and motors for an electric Mercedes-Benz model.
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Tesla Motors Inc. , the U.S. electric-carmaker backed by Toyota Motor Corp. and Daimler AG , rose 19 percent in Nasdaq trading after a JPMorgan Chase & Co. analyst said he was “bullish” on the company’s outlook.
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General Motors Co., holding cash until it learns the magnitude of retiree obligations at year- end, may find a pension deficit that rivals its market valuation and delays a buyback or dividend.
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General Motors Co. kept labor costs in check in a new pact with the United Auto Workers, a deal that may fail to sway investors even as it protects profit.
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Ford Motor Co., the second-largest U.S. automaker, fell in New York trading after saying it may benefit less from higher vehicle prices and face higher costs in the second half.
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Ford Motor Co.’s first-quarter profit of $2.1 billion may be as good as it gets this year as the automaker faces rising costs to introduce new models.
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