The FINANCIAL — According to Gulfnews, General Motors and Ford Motor, the two largest US automakers, probably will say sales fell again this month as consumers stung by slumping home values steered clear of showrooms.
ADVERTISEMENT
Sales of GM, Ford and Chrysler dropped by at least 14 per cent from year-earlier [...]
NEW YORK�(CNNMoney.com) — Stocks looked set to kick off the first trading day of March on a downbeat note, as worries about the slowing economy and weak dollar continued to stalk investors.About three hours before the start of trading, Nasdaq and S%26amp;P futures were lower, indicating a negative start for Wall Street. Economic concerns and [...]
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods plunged in January by the largest amount in five months as manufacturers got caught in the weakness engulfing the rest of the economy.The Commerce Department reported Wednesday that new orders dropped by 5.3% last month, reflecting declines across a wide swath of industry from [...]
Japan Stocks Fall; KDDI Leads Phone Shares Lower on Price War
By Masaki Kondo and Patrick Rial
Feb. 22 (Bloomberg) — Japanese stocks declined, led by
phone companies after a new discount plan from KDDI Corp. spurred
concern price competition will reduce profits [...]
Ferrari to Set Up Japan Unit to Spur Sales of F430 Sports Cars
By Naoko Fujimura
Feb. 22 (Bloomberg) — Ferrari SpA, Fiat SpAs luxury
sports-car unit, will set up a subsidiary in Japan, as it tries
to win more customers for its [...]
Chinas Stock Index Falls to 6-Month Low: Worlds Biggest Mover
By Chua Kong Ho
Feb. 25 (Bloomberg) — Chinas stocks fell, dragging the
nations benchmark to a six-month low, on speculation new shares
will dilute existing holdings and after the central bank said [...]
As hardball Hollywood lawyers go, Terry N. Christensen ranks in the top tier.
For 35 years, the former Marine Corps prosecutor has served as billionaire Kirk Kerkorian’s legal muscle in contentious deals involving studios, casinos, airlines and the nation’s biggest automakers. According to court records, Christensen once told Kerkorian’s former wife that his client would “bury” [...]
GMAC May Face `Substantial Difficulty, Cerberus Says (Update1)
By Jason Kelly and Katherine Burton
Feb. 14 (Bloomberg) — GMAC LLC, the auto and mortgage
lender controlled by Cerberus Capital Management LP, may run
into “substantial difficulty if credit markets dont improve,
said Stephen Feinberg, [...]
WASHINGTON (AP) — Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters.Obama’s investment would range over 10 years as part of two programs. The larger is $150 billion to create 5 million so-called [...]
By Kevin Krolicki
SAN FRANCISCO (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) will step up consolidation of dealerships handling its three luxury brands in a bid to shore up profitability, the automaker’s chief executive said on Saturday.
GM Chief Executive Rick Wagoner said the top U.S. automaker had made progress in [...]
