NetJets, a private aviation company selling fractional ownership in its planes, announced Thursday that it would buy Marquis Jet, a private jet cards company that sells the use of NetJets’s planes in 25-hour blocks. Marquis Jet…
BlackRock’s stock price fell sharply on Wednesday morning after the global investment management firm confirmed that Bank of America and PNC Financial Services would sell 42 million of its shares in a secondary offering.
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Media giant Time Warner (TWX) reported Wednesday its third-quarter earnings fell 21% as the company took a hefty charge. Adjusted earnings, however, rose, handily topping analysts’ estimates as revenue increased. The company also raised its 2010 earnin…
BMW, the German luxury car maker, reported Wednesday its third-quarter net profit soared and revenue surged on strong demand for luxury cars. “The broad recovery taking place in international car markets gives reason to believe that sales volumes will …
General Motors may receive a tax break worth as much as $45.4 billion under the terms of its government-financed restructuring.
The credit is a final benefit from the company’s multi billion-dollar government bailout. Under the terms of the bailout, …