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News Source: Washington Post
| about 1 year ago
The Standard & Poor's 500-stock index was up 0.98 percent, or 8.37 points, to 859.12, while the tech-heavy Nasdaq composite index was up 0.08 percent, or 1.22 points, to close at 1483.27. Stocks spent most of the day fluctuating between slight gains...
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News Source: Xtra News
| about 1 year ago
Chrysler hopes to reboot merger talks with General Motors if Congress approves a 25-billion-dollar bailout for ailing US automakers , the Financial Times reported Thursday. Talks between the two continue "at a very low level" but would be stepped up "...
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News Source: The Economist
| about 1 year ago
The car industry Pass the plate Nov 19th 2008 From The Economist print edition If Detroit’s disintegrating carmakers are bailed out, Europe’s will be next in line IT IS not just in Washington, DC, that a fierce debate is being conducted about...
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News Source: Androscoggin News
| about 1 year ago
After United Airlines went bankrupt in 2002, the airline cut fleet size, shed thousands of jobs, slashed wages and wiped out employee pension plans...Bankruptcy is touted as one alternative to the $25 billion bailout for Detroit's Big Three. But...
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News Source: Asia Times Online
| about 1 year ago
Bankruptcy key for Detroit survival The ailing Big Three US automakers, General Motors, Ford Motor and Chrysler, have so far failed to secure aid from Congress with only two days remaining of the present legislative session and GM warning that it may...
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News Source: CNSNews.com
| about 1 year ago
Republicans on the Senate Banking Committee were deeply skeptical of the pitch made Tuesday by the chief executives of the Big Three automakers for a proposed $25 billion bailout. Sen. Richard Shelby (R-Ala.) asked whether the auto giants would be...
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News Source: The Daily Cardinal
| about 1 year ago
Russ Feingold and Herb Kohl, D-Wis., both showed support Tuesday of allocating some of the $700 billion for bailing out financial institutions to the auto industry. Chief Executives of General Motors, Chrysler and Ford Motor Company asked Congress to...
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News Source: Press TV
| about 1 year ago
A quick approval of the bailout plan requires Congress to endorse the plan by the weekend in the two remaining sessions before its mandate is over. Should Congress fail to reach a deal by then the bailout plan has to wait until the new Obama...
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News Source: Los Angeles Times
| about 1 year ago
They also told how they trimmed corporate fat and renegotiated generous union contracts so they could better compete with foreign automakers. But under scornful questioning by members of the House Financial Services Committee, the CEOs conceded that...
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News Source: Taiwan News
| about 1 year ago
Auto industry executives listen as UAW President Ron Gettelfinger, right, testifies on Capitol Hill in Washington, Wednesday, Nov. 19, 2008, before the House Financial Services Committee. House Financial Services Committee hearing on the automotive...