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US automakers get little sympathy in struggle for survival - Feature - Earthtimes Washington - Chief executives from the United States' iconic Big Three automakers faced a skeptical audience this week as they took their plea for a 25-billion-dollar bail-out to US lawmakers. Despite warnings of an economic "tsunami" if any one of ...
Japan Posts Second Trade Deficit in 3 Months - Street.Com The world's second-largest economy is dependent on exports to drive growth, and with scarce natural resources must import necessities like oil, coal and natural gas. Japan's economy slipped into recession in the third quarter. In October, falling ...
Retail shares drop sharply as market woes linger - San Francisco Gate Shares of several retailers dropped sharply, as investors were already nervous about grim economic data and whether the Detroit Three automakers — General Motors Corp., Ford Motor Co. and Chrysler LLC — would get a bailout. Minutes from the ...
Outlook dims for investors - Herald Tribune NEW YORK - Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones Industrial Average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers. A ...
Paulson Defends Changes to Rescue Package - Washington Post Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke waged a stout defense on Capitol Hill Tuesday of their management of a $700 billion financial bailout. Treasury Secretary Henry M. Paulson Jr. defended his decisions on using ...
