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As the auto industry grapples with a slowdown, new segments of business are emerging as lucrative and profitable pportunities. Former Hyundai boss BVR Subbu is cashing in on just this. Subbu promoted Altius Autoworld has entered into a JV with Japan's 1.8 bn dollar Gulliver International, a specialist in auto retail, maintenance, and spare parts.
| Companies face $409 billion pension deficit: study (Reuters via Yahoo! News) Volatile markets have saddled U.S. companies with a $409 billion deficit on pension plans, reversing a $60 billion surplus a year earlier, and will cut into earnings in 2009, consulting firm Mercer said. |
| New Nasdaq index to track bailed-out companies (Reuters via Yahoo! News) Nasdaq OMX is launching a new index to track the performance of companies that receive funds under U.S. government bailout efforts. |
| Ukrainian, Russian gas companies hold talks (AP via Yahoo! News) The heads of Russian and Ukrainian gas companies held an unexpected meeting in Moscow early Thursday to discuss the dispute that has caused an energy crisis in Europe, but both sides said no breakthrough was reached as they flew on to Brussels to meet with the EU. |
| Final Glance: Specialty Retail companies (AP via Yahoo! Finance) Shares of some top specialty retail companies were mixed at the close of trading: AutoZone rose $.42 or .3 percent, to $135.86. |
| Final Glance: Broadline Retail companies (AP via Yahoo! Finance) Shares of some top broadline retail companies were mixed at the close of trading: BJ's Wholesale fell $.41 or 1.2 percent, to $33.49. |
