EADS will cut 5,800 jobs at its Airbus Defence and Space unit, including administrative posts, as it trims its defense operations to adjust to the downturn in the sector.
A top General Motors official said the auto maker expects its domestic sales and executive salaries to benefit from the U.S. ending an ownership role obtained during the 2009 bailout.
Verizon Communications Inc. agreed to buy Web startup EdgeCast Networks for an undisclosed sum.
Alibaba Group will invest $360 million in Haier Electronics Group as part of a deal between the two companies to form a logistics joint venture.
Cerberus is seeking $200 million in debt and a $25 million equity investment from an unnamed third party for its gun business, according to a lenders presentation the investment firm made.
Deutsche Post-DHL launched a test flight for drone delivery, just about a week after e-commerce giant Amazon stirred a media frenzy by saying it would use drones to bring packages to customers.
Government plans to sell up to 49% of state-owned oil company and has approved a $3.5 billion upgrade to aging refinery
China announced subsidies to replace old ships with new environmentally friendly vessels, part of measures to support a sector that is reeling from overcapacity and low freight rates.
FTC forced Hertz to sell off its Advantage Rent a Car brand to battle rising prices, but then Advantage sought bankruptcy protection.
Carrier's passenger revenue per available seat mile last month dropped 6% as performance was hurt by the Thanksgiving holiday coming later than usual this year. However, December Prasm will see dramatic growth.