washingtonpost.com
Sweden talks to US carmakers about Saab, Volvo
01.12.2008 06:10
washingtonpost.com
STOCKHOLM, Sweden -- The Swedish government confirmed Monday it is in talks with General Motors Corp. and Ford Motor Co. after a report that the U.S. automakers are seeking support for their struggling Swedish brands Saab and Volvo Cars.
USA
Machine-Building Industry
Ryanair renews bid for Aer Lingus
01.12.2008 06:10
washingtonpost.com
DUBLIN, Ireland -- Budget airline Ryanair launched a new takeover bid Monday for Aer Lingus, seeking to capitalize on labor unrest at its Irish rival and Ireland's economic difficulties.
USA
Machine-Building Industry
Stock futures point lower ahead of economic data
01.12.2008 06:10
washingtonpost.com
NEW YORK -- Wall Street appeared ready Monday to give back some of last week's big gains as investors, uneasy about the holiday shopping season, awaited some key economic reports.
USA
Finance & Investments
Stock futures slide on economy and consumer worries
01.12.2008 06:10
washingtonpost.com
NEW YORK (Reuters) - Stock index futures fell on Monday as concerns about the deepening world economic slump reduced the appetite for risk and investors fretted about the start of what they fear will be a bleak holiday buying season.
USA
Finance & Investments
Germany's BayernLB to slash 5,600 jobs
01.12.2008 06:10
washingtonpost.com
MUNICH, Germany -- State bank BayernLB plans to cut 5,600 jobs _ 29 percent of its total work force _ to weather the global financial crisis, the company said Monday.
USA
Finance & Investments
Fortis board gets booed by angry shareholders
01.12.2008 06:10
washingtonpost.com
UTRECHT, Netherlands -- Shareholders of Fortis NV, the Belgian-Dutch lender which saw most of its operations sold or nationalized last month due to the credit crunch, booed members of the board at a meeting Monday and vented their anger over seeing their investments in the company decimated.
USA
Finance & Investments
Car sales slide shows auto crisis worsening
01.12.2008 04:06
washingtonpost.com
PARIS (Reuters) - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence.
USA
Machine-Building Industry
Car sales slide shows auto crisis worsening
01.12.2008 04:06
washingtonpost.com
PARIS (Reuters) - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence.
USA
Machine-Building Industry
AP IMPACT: US diluted loan rules before crash
01.12.2008 02:08
washingtonpost.com
WASHINGTON -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.
USA
Finance & Investments
Asia stocks snap 6-day winning streak
01.12.2008 00:12
washingtonpost.com
HONG KONG (Reuters) - Asian stocks dipped on Monday to snap a six-day winning streak, with investors caught between aggressive steps by central bank to alleviate the sharp global downturn and increasingly grim economic data.
USA
Finance & Investments
Asian markets mixed on outlook for China, US
01.12.2008 00:12
washingtonpost.com
SEOUL, South Korea -- Asian stock markets were mixed Monday as investors digested signs that the U.S. holiday shopping season got off to a tepid start over the key Thanksgiving weekend.
USA
Finance & Investments
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