Spyker, the Dutch carmaker that owns Saab, has signed a provisional deal to sell its sportscar arm to UK-based, Russian-owned, CPP Global Holdings for around $44m. Any deal would involve an initial payment of 15m euros. Spyker’s C8 Aileron sportscar is already built in Coventry

continue reading.....

Unrest in Libya pushes Brent oil price to $111 a barrel price of Brent crude oil has hit $111 a barrel, and US crude also rose in price, as worries persist about the unrest in Libya. Markets are concerned the trouble could worsen in key oil producing countries, affecting supplies and hitting growth.

continue reading.....

US carmaker General Motors has posted a $510m profit for the fourth quarter, and of $4.7bn for all of 2010. The latter figure covers its first full year after bankruptcy, and represents its first full-year profit since 2004 and largest profit since

continue reading.....

oil giant Shell has reported profits almost doubled from $9.8bn to $18.6bn for 2010, partly thanks to rising oil prices and output. Its chief executive, Peter Voser, said the company had made good

continue reading.....

Intel is halting sales of some machines because of problems with the latest Intel chips. The problem centers on a chip-set that helps a central processor communicate with other parts of a PC, including memory and hard drives.

continue reading.....

Viacom has reported disappointing quarterly revenues. Despite a 10% jump in advertising revenues, the group made only $3.8bn (£2.4bn) for the last three months, down 5% on a year ago and well below analysts’ expectations of $4.1bn.

continue reading.....