The European Investment Bank has signed documents for the first €200 million ($255.64 million) of what is expected to be a €600 million loan to extend the Cairo metro system, delivering on a new commitment to keep funding flowing to the region in the wake of the country's political turmoil.
Toyota Motor Corp. on Wednesday recalled 2.77 million vehicles worldwide over separate problems with their steering shafts and water pumps, a setback that comes just one month after the automaker issued its largest-ever recall for a single car part.
The National Transportation Safety Board on Wednesday urged policymakers to invest more in transportation safety and infrastructure and do more to curb substance-impaired or distracted driving — issues the agency highlighted as top transportation and public safety priorities in 2013.
Oil tanker giant Overseas Shipholding Group Inc. docked in Delaware bankruptcy court on Wednesday, citing weak demand for oil amid the global recession and a tax issue that has cast doubt on its financial reporting.
Activist investor Carl Icahn picked up a 9.99 percent stake in railcar manufacturer Greenbrier Cos. Inc., according to a securities filing made Tuesday, stoking suspicion that he would try to force another buyout of the company after a failed try in 2008.
A fund founded by former Metro-Goldwyn-Mayer Studios Inc. Chairman Harry Sloan and CBS Corp. entertainment chief Jeff Sagansky on Thursday closed a $430 million deal to create a new in-flight entertainment group, beating by three months a deadline to return $190 million to investors.
France's competition watchdog said Thursday it had given the green light to Groupe Eurotunnel SA's €65 million ($84 million) acquisition of three English Channel ferries from the now-liquidated ferry operator SeaFrance SA, after Eurotunnel promised to keep separate its rail and ferry units.
The pilot phase of the Europe 2020 Project Bond Initiative was finally rolled out on Wednesday when the European Investment Bank signed off on the completed implementation plan for the €230 million ($293 million) infrastructure bond guarantee program.
American Suzuki Motor Corp. filed for Chapter 11 protection Monday, saying it would stop selling new automobiles in the U.S. and blaming low sales volumes and increased federal regulatory control over the American auto industry for its financial decline.
The United Kingdom's competition authority said Monday that it was investigating Groupe Eurotunnel SA’s €65 million ($84 million) acquisition of ferries from the now-liquidated ferry operator SeaFrance SA, citing concerns that the merger reduced competition among English Channel transport services providers and may cause fare hikes.