Gray Skies Ahead For Alcoa Ruthie Ackerman Tue, 07 Oct 2008 23:35:00 -0000 The aluminum producer announces grim Q3 results. Cleveland-Cliffs Nears Buyout Ruthie Ackerman Sat, 04 Oct 2008 07:00:00 -0000 The iron ore miner voted against its largest shareholder, Harbinger, raising its stake. Timken Tantalizes Investors Ruthie Ackerman Wed, 01 Oct 2008 04:03:00 -0000 The maker of bearings and alloys raised its third-quarter guidance, but is maintaining its fourth-quarter outlook.
BBC News | Business | World Edition
G7 nations pledge to fight crisis Sat, 11 Oct 2008 06:37:54 -0000 Top finance ministers promise to take "decisive action and use all available tools" to tackle the world economic crisis. GM and Chrysler 'in merger talks' Sat, 11 Oct 2008 05:41:46 -0000 Struggling US car giants General Motors and Chrysler are in talks about a possible merger, US media say. Venezuela shuts down McDonald's Fri, 10 Oct 2008 15:04:09 -0000 Venezuela shuts all branches of restaurant chain McDonald's for 48 hours, citing tax irregularities, officials say.
NYT > World Business
Rich Nations Pushing for Coordination in Rescue Sat, 11 Oct 2008 06:18:35 -0000 The United States and six other nations agreed to a plan to rescue the financial industry, but fell short of offering concrete steps to backstop bank lending.
Economic Uncertainty Spreads Sat, 11 Oct 2008 05:15:39 -0000 Around the world, fears of recession have fed a stock market panic, as worries about toxic assets spread from the financial sector to the credit markets and now to the broader economy.
As Stock Falls, Morgan Looks to Japanese Bank Sat, 11 Oct 2008 05:16:49 -0000 Morgan Stanley was racing to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.
washingtonpost.com -
GM, Chrysler in merger talks: source Reuters Sat, 11 Oct 2008 02:48:57 -0400 DETROIT/NEW YORK (Reuters) - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter. GM, Chrysler in merger talks: source Reuters Sat, 11 Oct 2008 02:48:57 -0400 DETROIT/NEW YORK (Reuters) - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter. GM, Ford say not considering bankruptcy Reuters Fri, 10 Oct 2008 19:34:32 -0400 DETROIT (Reuters) - General Motors Corp (GM.N) and Ford Motor Co (F.N) both ruled out on Friday seeking bankruptcy protection at a time when slow auto sales and the credit crunch have rattled investors and sent their shares plunging. AP source: GM could announce production cuts soon AP Fri, 10 Oct 2008 11:59:06 -0400 DETROIT -- General Motors Corp. is likely to announce further production cuts and possible plant closures as early as next week as it deals with slumping sales and a collapse in its stock price, a person with knowledge of the company's plans said Friday. Tiger Stadium's 2nd life may be in new cars, roads AP Fri, 10 Oct 2008 11:15:50 -0400 DETROIT -- Going to a baseball game in Detroit used to mean heading to Michigan and Trumbull, the intersection that became shorthand for Tiger Stadium. Go there today, and all that remains is a small slice of the arena that once drew throngs of fans to see legends like Ty Cobb and Hank Greenberg play. GM shares up slightly after Thursday trouncing AP Fri, 10 Oct 2008 10:57:14 -0400 NEW YORK -- General Motors Corp. shares hit their lowest price since 1949 in the opening minutes of trading Friday as financial turmoil and a weakening global auto market heightened worries that the automaker may be unable to pull out of its nosedive before it runs out of cash.
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