koenigsegg

Less than a year after Saab was given up for dead when GM couldn't find a buyer, and five months after it was acquired by Dutch automaker Spyker, the quirky Swedish car's biggest fans are feeling a bit more optimistic about the brand's future.

Company news that could affect stock prices today including: a Swiss court's decision that chief financial markets regulator broke the law when it ordered UBS AG to give the U.S. data about its clients, and Teva Pharmaceutical Industries' withdrawal of its appeal of a U.S. court ruling that favored Merck and its patent on the asthma treatment Singulair.

Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.

When General Motors (GM) laid out its restructuring plan back in June, one of the major elements in its resurgence was the decision to sell off some of its under performing brands. On Tuesday, the new GM announced that it has signed its first big deal to get rid of one of these gangrenous limbs....