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Thursday, November 20, 2008

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  • Auto woes weigh on global stocks (Reuters)

     

    People look at an electronic board displaying share prices at a securities company in Tokyo October 30, 2008. (Yuriko Nakao/Reuters)

    Reuters - World stocks and oil fell on Wednesday while government bonds and the yen gained as U.S. automakers begged for a bailout from Washington, adding to evidence that the credit crisis is crippling the real economy.


  • Toyota to cut output, Nissan downbeat (Reuters)

     

    New cars of Toyota are pictured at a car dealer in Dortmund November 17, 2008. (Ina Fassbender/Reuters)

    Reuters - Reeling from a relentless sales slide, Toyota Motor Corp (7203.T) said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co (7201.T) renewed its pessimism over the industry's near-term prospects.


  • Boeing to delay jet deliveries: report (Reuters)

     

    A man looks at a scale model of Boeing's 787 dreamliner at their booth at the Singapore Air Show in Singapore February 19, 2008. (Vivek Prakash/Reuters)

    Reuters - Plane maker Boeing Co is reworking its entire production schedule, adding up to 10 weeks to original delivery dates for all 3,734 jetliners in its order backlog as it tries to recover from a machinists' strike, the Wall Street Journal said, citing people familiar with the situation.


  • Economic gloom deepens in Asia (Reuters)

     

    People walk past a sign of Sumitomo Mitsui Banking Corporation in Tokyo May 16, 2008. (Kiyoshi/Reuters)

    Reuters - Japan's No.3 bank joined larger rivals seeking to raise funds to counter growing bad loans, deepening the economic gloom in Asia Wednesday, as markets fretted over the fate of the sinking U.S. car industry.


  • Nomura head sees Japan local bank consolidation (Reuters)

     

    A man leaves a Nomura Securities branch in Tokyo November 19, 2008. (Yuriko Nakao/Reuters)

    Reuters - The head of Nomura Holdings Inc (8604.T), Japan's largest brokerage, said he expects more global acquisitions and consolidation among Japanese regional banks as the financial crisis takes its toll on economies around the world.


  • Wall Street pulls off final-hour rebound (AP)

     

    Trader Stephen Mara works on the floor of the New York Stock Exchange Tuesday, Nov. 18, 2008. Wall Street has pulled off a rebound in another turbulent session, as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low. (AP Photo/Richard Drew)

    AP - Wall Street rebounded Tuesday in another turbulent session, as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low.


  • U.S. auto execs plead for Congress to fund bailout (Reuters)

     

    (L-R) GM's Rick Wagoner, Chrysler's Robert Nardelli and Ford's Alan Mulally in a composite image. Auto executives were set to take their case for a $25 billion industry bailout to Congress on Tuesday as they hope to overcome political opposition from influential congressional Republicans and the White House. (Composite/Files/Reuters)

    Reuters - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.


  • Woolworths considers selling retail business (AP)

     AP - Woolworths Group PLC's shares fell 13 percent Wednesday after the company confirmed it is considering selling its retail business.
Yahoo! News: Business Wed, 19 Nov 2008 09:35:35 GMT

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