SEOUL (Reuters) - South Korea’s Hyundai Motor Co on Saturday denied its interest in Chrysler’s Jeep brand and other assets, adding it had no capacity for a new acquisition as it focused on completing construction of overseas plants.

Original post by Reuters: Business News

(Reuters) - Sotheby’s , the world’s largest publicly traded auction house, posted a 55 percent rise in its quarterly loss, hammered by losses on auction guarantees, and lower private sales commissions and commission margins.

Original post by Reuters: Business News

NEW YORK (Reuters) - AT&T Inc plans to buy rural phone company Centennial Communications Corp for $944 million in cash to expand its wireless network in Puerto Rico and other regions of the United States.

Original post by Reuters: Business News

DETROIT (Reuters) - General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.

Original post by Reuters: Business News

NEW YORK/DETROIT (Reuters) - South Korea’s Hyundai Motor Co has had talks with Chrysler LLC owner Cerberus Capital Management about a potential acquisition of the U.S. automaker’s Jeep brand and possibly other assets, people with knowledge of the talks said on Friday.

Original post by Reuters: Business News

NEW YORK/DETROIT (Reuters) - South Korea’s Hyundai Motor Co has had talks with Chrysler LLC owner Cerberus Capital Management about a potential acquisition of the U.S. automaker’s Jeep brand and possibly other assets, people with knowledge of the talks said on Friday.

Original post by Reuters: Business News

NEW YORK (Reuters) - The grim view on consumer spending could get worse next week as investors parse a government report on retail sales and earnings from Wal-Mart Stores Inc , while waiting with bated breath for President-elect Barack Obama’s pick for U.S. Treasury secretary.

Original post by Reuters: Business News

NEW YORK (Reuters) - Warren Buffett’s Berkshire Hathaway Inc said on Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives contracts.

Original post by Reuters: Business News

NEW YORK (Reuters) - U.S. building materials maker USG Corp said on Friday it was cutting around 900 jobs, or 20 percent of its salaried positions.

Original post by Reuters: Business News

NEW YORK (Reuters) - Warren Buffett’s Berkshire Hathaway Inc said on Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives contracts.

Original post by Reuters: Business News