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Existing U.S. home sales rose in April
MOSCOW, March 1 (UPI) -- French carmaker Renault has agreed to buy a minority stake in Russia's AvtoVaz, the company said.
Renault Chief Executive Carlos Ghosn said he would pay more than $1 billion for a 25 percent plus one share stake in AvtoVaz, which makes the Lada brand, EuroNews reported Saturday.
Russia's automotive market is reportedly booming, with incomes among middle-class Russians growing. Analysts predict Russia will overtake Germany as Europe's biggest car market this year, EuroNews said.
U.S. automaker General Motors and Italy's Fiat also expressed interest in the AvtoVaz stake.
AvtoVaz is seeking to sell a quarter of its shares to help the company double production by 2014 and modernize its manufacturing plant along the Volga River.
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WASHINGTON, May 23 (UPI) --
U.S. President Barack Obama was the last obstacle to getting the Keystone XL oil pipeline built through the country, the chairman of a House committee said.
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TUCSON, May 23 (UPI) --
Raytheon has received approval from the U.S. Defense Acquisition Board for full-rate production of the Standard Missile-6.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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