Business - Industries

NEW DELHI (AFP) - Renault chief Carlos Ghosn said Tuesday the French automaker would launch a low-cost car in the Indian market in 2012 in a tie-up with India's Bajaj Auto. Full Story »

WASHINGTON (AFP) - GMAC, the former finance arm of General Motors, needs more capital to meet buffer requirements under the "stress tests" of banking groups conducted this year, the Federal Reserve said Monday. Full Story »

SAN DIEGO - Acadia Pharmaceuticals Inc. said Monday its third-quarter loss narrowed on lower costs and a boost in revenue from its drug development partners. Full Story »

NEW YORK (AFP) - Pfizer announced Monday cuts in its research activities and staff after acquiring pharmaceutical rival Wyeth. Full Story »

SINGAPORE (AFP) - Singapore Telecommunications (SingTel) said Tuesday its regional mobile user base expanded by more than 56 million users over 12 months to the end of September. Full Story »

Getting into the spirit of the season, Verizon is enlisting the aid of elves, Elvis, and stop-motion puppets in its holiday offensive against AT&T. In a new set of ads (which you can see below), Verizon continues to highlight its superior nationwide 3G coverage as an argument for going with the carrier and its handset lineup, including HTC's Imagio and Droid Eris, instead of Apple's iPhone on AT&T. The new ads are stirring a lot of debate online, and may also be fodder for a rumor that never really goes away. Full Story »

NEW YORK (Reuters) - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. Full Story »

BERLIN (AFP) - Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs. Full Story »

WASHINGTON - All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession — a sign, the Treasury secretary said, of how much the financial system has improved since the crisis began. Full Story »

WASHINGTON - Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday. Full Story »

LOS ANGELES (Hollywood Reporter) - As the buzz on a best-picture nomination for "WALL-E" hit a fever pitch last year, one Pixar confided: "This is it. This is our last chance. After this year, we're out of the awards game." Full Story »

LOS ANGELES (Hollywood Reporter) - ABC has opted not to order additional episodes of "Eastwick," its rookie supernatural comedy-drama starring Rebecca Romijn. Full Story »