Finance / GM (GENERAL MOTORS CORP)

Wall Street makes hesitant advance Tuesday November 18, 11:34 am ET By Joe Bel Bruno and Madlen Read, AP Business Writers Stocks move cautiously higher after strong HP results offset another dose of weak econmic news NEW YORK (AP) -- Wall Street made a hesitant advance Tuesday, with investors refraining from making big bets in a volatile market battered by a stream of weak economic data. The ...

Gettelfinger: No wage or benefits cuts David Shepardson / Detroit News Washington Bureau WASHINGTON -- United Auto Workers President Ron Gettelfinger will tell a Senate panel today that Detroit's Big Three automakers face liquidation if forced into bankruptcy and warned that taxpayers would have to pay at least $3 billion a year if the companies stopped paying for retiree health care. He...

http://news.yahoo.com/s/nm/20081118/...s_ford_mazd a_4 Ford to shed 20 percent stake in Mazda Quote: Ford Motor Co will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker in the latest sign of desperation among the U.S. Big Three as they scramble to raise cash. Mazda, in which Ford first took...

US Stk Futures Point To Further Losses Last Update: 11/18/2008 5:52:50 AM By Steve Goldstein NEW YORK (Dow Jones)--U.S. stock futures dropped sharply Tuesday as investors continued to adjust to the swift deterioration in the economy and in particular the troubled times in the financial sector. S&P 500 (SPY) futures dropped 15.5 points to 835.50 and Nasdaq 100 (QQQQ) futures fell 27.5 points to 1,...

By Jeremy Gaunt and Linda Sieg LONDON/TOKYO, Nov 17 (Reuters) - Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least $100 billion to fight the billowing economic crisis enveloping the world. The U.S. Senate, meanwhile, was to begin debating a bailout for the battered U.S. auto industry later in the day. Germany ...

By Jeremy Gaunt LONDON, Nov 17 (Reuters) - Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least $100 billion to fight the billowing economic crisis enveloping the world. Meanwhile, the battered auto industry came into focus. The U.S. Senate was to begin debating a bailout later in the day, Germany was to hold ...

By Jeremy Gaunt LONDON, Nov 17 (Reuters) - Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least $100 billion to fight an economic crisis enveloping the world. Meanwhile, the battered auto industry came into focus. The U.S. Senate was to begin debating a bailout later in the day, Germany said it was ready to help...

By Patricia Zengerle WASHINGTON, Nov 17 (Reuters) - Japan became the latest major economy to fall into recession on Monday and Citigroup said it would cut 52,000 jobs, one of history's largest layoffs, adding to worries the global economic slump is worsening. After a weekend meeting of the world's 20 largest economies failed to come up with specific new stimulus measures to ease the world'...

By John Crawley WASHINGTON, Nov 17 (Reuters) - The White House and congressional Democrats launched a post-election showdown on Monday over how to rescue U.S. automakers with millions of jobs, more than a century of iconic brands, and potentially economic confidence, riding on the outcome. As the year that celebrates the 100th anniversary of the Model T races to a close in volatile ...

By John Crawley and Thomas Ferraro WASHINGTON, Nov 17 (Reuters) - U.S. Senate Democrats took the first step toward bailing out the nation's crippled auto industry on Monday by proposing a $25 billion loan program, a plan that faces stiff political headwinds with millions of jobs potentially riding on the outcome. With the year's congressional calendar down to a few days, lawmakers and the ...