Business: Industries

New cars sitting on a dealership's car lot. New car sales in Europe have rebounded sharply in April, shwoing a 9.6-percent rise over the same month last year despite global financial problems and soaring fuel prices, the ACEA European automakers association said.(AFP/Getty Images/File)

European new car sales rebound sharply in April: trade body

AFP - Fri May 16, 7:10 AM ET

BRUSSELS (AFP) - New car sales in Europe rebounded sharply in April, shwoing a 9.6-percent rise over the same month last year despite global financial problems and soaring fuel prices, the ACEA European automakers association said on Friday.

  • File photo shows Carlos Ghosn, head of Renault and Nissan. French automaker Renault has said its global unit sales rose 8.3 percent from a year earlier to 228,146 vehicles in April.(AFP/File/Francois Guillot)
    Renault global sales up 8.3% in April AFP - Fri May 16, 4:53 AM ET

    PARIS (AFP) - French automaker Renault said on Friday its global unit sales rose 8.3 percent from a year earlier to 228,146 vehicles in April.

  • Global market expected to drive cancer drug growth AP - Thu May 15, 2:04 AM ET

    WASHINGTON - The global market for cancer drugs will grow twice as fast as that for all other pharmaceuticals as the developing world spends more on health care, a new report says.

  • Cancer drug sales could hit $80 billion by 2011: IMS Reuters - Thu May 15, 2:04 AM ET

    NEW YORK (Reuters) - Sales of cancer drugs will grow at nearly double the rate of the global pharmaceutical market and could reach $80 billion by 2012, according to IMS Health , which tracks prescription drug sales.

  • Verizon's Decision a Setback for Google's Android Plans NewsFactor - Thu May 15, 4:43 PM ET

    Verizon Wireless' decision to join Sprint Nextel and T-Mobile as members of a Linux-based mobile initiative appears to have dealt a setback to Google's ambitions for its Android mobile platform. A Verizon spokesperson told the Chicago Tribune that the company joined the rival LiMo Foundation because "of LiMo's approach to providing a truly open OS that isn't simply an extension of a for-profit company's business model."

  • Florida seeks to fine Verizon for bad service Reuters - Thu May 15, 2:51 PM ET

    NEW YORK (Reuters) - Florida's attorney general said on Thursday the state was seeking to fine Verizon Communications Inc for violating service standards, but the No. 2 U.S. telephone company said its service was fine.

  • Customers attend the official opening of a new Abercrombie and Fitch store in central London March 22, 2007. (Alessia Pierdomenico/Reuters)
    Abercrombie profit tops view; affirms outlook Reuters - 8 minutes ago

    NEW YORK (Reuters) - Teen apparel retailer Abercrombie & Fitch Co reported higher quarterly profit on Friday, topping Wall Street estimates, as a lower tax rate and a better gross margin helped offset the impact of lower same-store sales.

  • Abercrombie profit edges up on sales increase AP - 17 minutes ago

    COLUMBUS, Ohio - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales.

  • File photo shows a man from Burundi pouring water from a container while building his house in Kiyange a displaced neighbourhood, on the outskirts of Bujumbura. The World Bank has approved a 50-million-dollar (32-million-euro) grant for Burundi to improve its electricity and water supply, the bank said Friday.(AFP/File/Jose Cendon)
    World Bank grants Burundi 50 million dollars for electricity, water AFP - Fri May 16, 2:21 AM ET

    NAIROBI (AFP) - The World Bank has approved a 50-million-dollar (32-million-euro) grant for Burundi to improve its electricity and water supply, the bank said Friday.

  • A woman reads a newspaper next to the logo of Standard Chartered. The World Bank and British-based bank Standard Chartered said Thursday that they had teamed up to expand the microfinance, or tiny loans, to impoverished borrowers in Africa and Asia.(AFP/Ted Aljibe)
    World Bank, Standard Chartered launch tiny loan plan for poor AFP - Thu May 15, 5:20 PM ET

    WASHINGTON (AFP) - The World Bank and British-based bank Standard Chartered said Thursday that they had teamed up to expand the microfinance, or tiny loans, to impoverished borrowers in Africa and Asia.

  • Singer Lou Reed is shown on stage during the 23rd annual Rock and Roll Hall of Fame induction ceremony at the Waldorf Astoria Hotel in New York March 10, 2008. (Lucas Jackson/Reuters)
    Lou Reed to host satellite radio show on Sirius Reuters - Fri May 16, 6:46 AM ET

    LOS ANGELES (Reuters) - Rocker Lou Reed is taking a walk on the wild side to Sirius Satellite Radio Inc, where he will host his own weekly show, the company said.

  • Singer Rhianna performs at the Brit Awards at Earls Court in London February 20, 2008. (Alessia Pierdomenico/Reuters)
    Rihanna tops U.S. singles chart for third time Reuters - Fri May 16, 6:44 AM ET

    LOS ANGELES (Billboard) - R&B singer Rihanna's "Take a Bow" soared 52 places to No. 1 on the Billboard Hot 100 singles chart Thursday, the second-biggest jump to the top in the chart's 50-year history.