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  • Dems to Detroit: No Bankruptcy Thursday, November 20, 2008 @ 8:28PM
  • Bipartisan group works to revive auto bailout Thursday, November 20, 2008 @ 8:16PMWASHINGTON (AP) — A bipartisan group of auto-state senators reached a last-ditch compromise Thursday to throw Detroit’s Big Three a government lifeline worth billions, but the plan faces an uphill battle in a reluctant Senate.
  • Oil falls to lowest level for more than three years as £31bn is wiped off FTSE Thursday, November 20, 2008 @ 8:01PM The price of oil fell to its lowest level for three years today. Crude oil slumped to $48.45 a barrel in London - the cheapest since March 2005 and just a third of the all-time record of $147 in July.
  • Democrats demand Big 3 offer survival plan Thursday, November 20, 2008 @ 7:07PMHanging in the balance is the future of General Motors, Ford Motor and Chrysler LLC, whose losses have mounted during a severe economic downturn.
  • Local Dana retirees say change must come to save U.S. automakers Thursday, November 20, 2008 @ 7:04PMLIMA - Something needs to be done to help the big three U.S.
  • Big 3 carmakers beg for $25 billion, blame economy Thursday, November 20, 2008 @ 6:56PMThe Detroit Three automakers pleaded Tuesday with a reluctant Congress for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.
  • Nelson prefers automaker aid over bankruptcy Thursday, November 20, 2008 @ 1:07AMSen. Ben Nelson said federal bailout assistance for the nation’s Big Three automakers would be preferable to allowing them to slip into bankruptcy. But any aid package should be structured with “rigorously enforced conditions,” Nelson said Wednesday.
  • Boy, was Joe Courtney right Thursday, November 20, 2008 @ 1:00AMWhen Rep. Joe Courtney voted against the financial bailout plan a few weeks ago, some people wondered aloud about his sanity. Wall Street was hemorrhaging. There was no credit. The first plan had died. “Something must be done” was the battle cry.
  • Big 3 beg for $25 billion Thursday, November 20, 2008 @ 12:29AMWASHINGTON — The CEOs of the nation’s Big Three automakers didn’t get much respect when they pulled up at the nation’s money pump asking for a $25 billion fill-up.
  • Democrats abandon auto bailout plan Thursday, November 20, 2008 @ 12:21AMCongressional allies of the auto industry were rushing late yesterday to put together a bipartisan aid package for faltering Detroit car companies, but lawmakers said they may leave town today without taking action.
  • Asian markets slide as economic gloom deepens Thursday, November 20, 2008 @ 12:21AMTOKYO: Asian stocks tumbled Thursday as global economic gloom deepened following a plunge in Japanese exports and a warning from the Federal Reserve that the United States could be in recession next year.
  • GM Solution: Chapter 11 With Government Restructuring Finance Thursday, November 20, 2008 @ 12:01AMA GM bailout would delay restructuring and ultimately destroy jobs. Restructuring under Chapter 11 is the best solution, but credit market conditions require the U.S. government to provide transitional, “Debtor in Possession” financing. To avoid political interference, the actual lending decisions should be made by a commercial bank with a stake in the outcome.
  • Maruti cuts production at Gurgaon plant by 5% Wednesday, November 19, 2008 @ 5:03PMMaruti Suzuki, India’s biggest car marker, has announced a 5 per cent production cut at its Gurgaon plant that manufactures models such as the Alto, Wagon R, and Zen.
  • Pearlstein: The Bailout for Detroit Wednesday, November 19, 2008 @ 5:00PMWashington Post columnist Steven Pearlstein will be online Wednesday, Nov. 19 at 11:00 a.m. ET to discuss the automotive bailout.
  • (AFX UK Focus) 2008-11-19 22:16 UPDATE 2-Nissan-Renault focused on cash, rules out deals Wednesday, November 19, 2008 @ 4:50PMBy Nichola Groom and Kevin Krolicki
  • An Easy Way to Reduce the Price at the Pump Wednesday, November 19, 2008 @ 4:47PM(ARA) - Want to save up to 12 cents a gallon off your gasoline bill? Invest in a tire gauge and make sure your tires are properly inflated.
  • News Saturday, November 15, 2008 @ 1:00AMHolden and Ford may be too poor to develop a green car in Australia, even with government help, as the global financial crisis threatens the survival of their Michigan-based parent companies, analysts say.
  • No magic bullet expected for economy at G20 meeting Saturday, November 15, 2008 @ 12:43AMLeaders of the G20 nations are meeting in Washington but no one is expecting a magic bullet to put down the worst economic crisis since the Great Depression.
  • City Council Briefs Saturday, November 15, 2008 @ 12:35AMPrompted by a new California state law that prohibits traditional disposal of medical needles, the Elk Grove City Council on Wednesday passed, in a 3-2 vote, a measure that will assist the nearly 3,700 residents dispose of their hazardous material through the city’s waste services.
  • Automakers bailout spurs lobbying Saturday, November 15, 2008 @ 12:33AMWASHINGTON (AP) — All aboard, there may be another bailout train leaving the station on Capitol Hill. Talk of a $25 billion emergency loan package for the Big Three carmakers that could see a vote in a postelection session of Congress next week has a wave of business lobbyists clamoring for action — and a slice of the pie.
  • Local auto dealers urge industry aid Saturday, November 15, 2008 @ 12:23AMAuto dealers across the Granite State are watching closely as Congress heads into its lame-duck session next week, hoping legislators will step in if a Big Three manufacturer teeters too close to collapse.
  • Opel seeks loan guarantees from German govt Friday, November 14, 2008 @ 8:05PMGerman carmaker Opel says it has sought credit guarantees from the government following a sharp downturn in orders.
  • A little creative destruction would be good for U.S. automakers Friday, November 14, 2008 @ 7:11PMA case could be made for keeping the Big Three automakers afloat as a jobs program until the economy gets better and then letting them go bankrupt. But the most persuasive experts argue that bankruptcy is the least horrible option.
  • Wilmington businesses hit hard by economic downturn Friday, November 14, 2008 @ 6:58PMA prominent business in Leland was working its way through Chapter 11 bankruptcy protection, the planned closing of another Wilmington car lot came to pass, and two large subdivisions in Brunswick County sat silent, not a whack of a hammer or the hum of a saw to be heard.
  • A look at economic developments around the world Friday, November 14, 2008 @ 12:21PMA look at economic developments and stock market activity around the world Friday:
  • Seenews: news report of 14.11.2008 Friday, November 14, 2008 @ 12:20PMANALYSIS – Global Financial Turbulence Seen Hitting Private Equity in SEE in Short-Term - Industry Officials Nov 14, 2008, 16:37 CET | Analysis | SeeNews SOFIA (Bulgaria), November 14 (SeeNews) – Financial turmoil across the globe will have at least a short term impact on the private equity business in southeast Europe, with major deals put on hold and the credit crunch necessitating different ...
  • Senate will debate $25 billion auto bill Monday Friday, November 14, 2008 @ 12:19PM A bill to rescue the troubled auto industry with $25 billion in emergency loans inched forward Friday when Majority Leader Harry Reid said the Senate will begin debate Monday and hold a test vote two days later. Supporters scrambled for votes to break an expected filibuster.
  • A look at economic developments around the world Friday, November 14, 2008 @ 12:18PMBRUSSELS, Belgium _ The 15 countries that use the euro are officially in a recession, the European Union said, as their economies shrank for a second straight quarter because of the global financial crisis and sinking demand.
  • Alternatives to an Auto Bailout: Help the Economy and the Planet Friday, November 14, 2008 @ 12:17PMAre you as tired as I am of the unending bad economic news? From the subprime crisis to the collapse of the real estate bubble to the near-failure of the global finance industry, it just goes from bad to worse. More scary news this week — major retailers are failing (Circuit City) and one or more of our domestic auto manufacturers appears to be next.
  • Retail sales in record fall, but sentiment up Friday, November 14, 2008 @ 12:11PM Sales at U.S. retailers suffered a record decline in October as fears of recession sapped spending, but part of the drop was due to slumping gasoline prices, which helped buoy consumer confidence this month.
  • Retail sales fall by record 2.8 percent in October Friday, November 14, 2008 @ 12:11PMWASHINGTON (Reuters) - Sales at retailers suffered a record decline in October, government data on Friday showed, as shoppers reined in spending with home prices falling, although plunging gasoline prices also reduced outlays by consumers.
  • Car industry bosses should take wage cuts: US senator Friday, November 14, 2008 @ 12:11PMWASHINGTON (AFP) - The bosses of struggling US car makers should take salary cuts to help their industry weather tough times, a Republican senator has suggested in letter.
  • A look at economic developments around the world Friday, November 14, 2008 @ 12:10PM A look at economic developments and stock market activity around the world Friday: ------ BRUSSELS, Belgium -- The 15 countries that use the euro are officially in a recession, the European Union said, as their economies shrank for a second straight quarter because of the global financial crisis and sinking demand.
  • Paulson says troubled assets will not be purchased Wednesday, November 12, 2008 @ 5:39PM(AP:WASHINGTON) Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge nonbank businesses.
  • AP Financial NewsBrief at 6:16 p.m. EST Wednesday, November 12, 2008 @ 5:38PMSAN FRANCISCO (AP) _ Intel Corp. whacked more than $1 billion from its fourth-quarter revenue forecast and ratcheted down its profit expectations because a clampdown on spending is reducing demand for its chips.
  • AP Financial NewsBrief at 6:16 p.m. EST Wednesday, November 12, 2008 @ 5:38PMSAN FRANCISCO (AP) _ Intel Corp. whacked more than $1 billion from its fourth-quarter revenue forecast and ratcheted down its profit expectations because a clampdown on spending is reducing demand for its chips.
  • Flaherty, CAW spar over auto sector help; Clement wants long-term solution Wednesday, November 12, 2008 @ 5:38PMTamsyn Burgmann And Clint Thomas, The Canadian Press November 12, 2008 - 6:22 p.m.
  • Flaherty, CAW spar over auto sector help; Clement wants long-term solution Wednesday, November 12, 2008 @ 5:38PMTamsyn Burgmann And Clint Thomas, The Canadian Press November 12, 2008 - 6:22 p.m.
  • A Senior Fellow at the Institute of Nonexistence Wednesday, November 12, 2008 @ 5:36PMThe claim of credit for the Africa anecdote is just the latest ruse by Martin Eisenstadt, who turns out to be a very elaborate hoax that has been going on for months.
  • A Senior Fellow at the Institute of Nonexistence Wednesday, November 12, 2008 @ 5:36PMThe claim of credit for the Africa anecdote is just the latest ruse by Martin Eisenstadt, who turns out to be a very elaborate hoax that has been going on for months.
  • Dems seek auto aid as treasury shifts rescue focus Wednesday, November 12, 2008 @ 5:35PM Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge nonbank businesses. Democrats are pressing hard to include a multibillion-dollar bailout for faltering automakers, too — over administration objections. Unimpressed by any of ...
  • Dems seek auto aid as treasury shifts rescue focus Wednesday, November 12, 2008 @ 5:35PM Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge nonbank businesses.
  • Dems seek auto aid as treasury shifts rescue focus Wednesday, November 12, 2008 @ 5:35PM Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but credit-card, auto-loan and other huge nonbank businesses. Democrats are pressing hard to include a multibillion-dollar bailout for faltering automakers, too — over administration objections. Unimpressed by any of ...
  • Flaherty, CAW spar over bailout for automakers Wednesday, November 12, 2008 @ 5:32PMFederal Finance Minister Jim Flaherty says the issue of whether the government should bail out struggling auto manufacturers is controversial, and people in his own Ontario riding – the Canadian home of General Motors – are telling him not to do it.
  • Flaherty, CAW spar over bailout for automakers Wednesday, November 12, 2008 @ 5:32PMFederal Finance Minister Jim Flaherty says the issue of whether the government should bail out struggling auto manufacturers is controversial, and people in his own Ontario riding – the Canadian home of General Motors – are telling him not to do it.
  • Democrats urge federal stake in big auto companies Wednesday, November 12, 2008 @ 5:30PMCongressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.
  • Democrats urge federal stake in big auto companies Wednesday, November 12, 2008 @ 5:30PMCongressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.
  • NYT Op-Ed: Thomas Friedman - How to Fix a Flat Wednesday, November 12, 2008 @ 5:24PMLast September, I was in a hotel room watching CNBC early one morning. They were interviewing Bob Nardelli, the C.E.O. of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn’t a bailout, he said.
  • NYT Op-Ed: Thomas Friedman - How to Fix a Flat Wednesday, November 12, 2008 @ 5:24PMLast September, I was in a hotel room watching CNBC early one morning. They were interviewing Bob Nardelli, the C.E.O. of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn’t a bailout, he said.
  • US drops original rescue plan Wednesday, November 12, 2008 @ 10:22AMThe US has scrapped its initial strategy to help struggling banks, Treasury Secretary Henry Paulson has announced.