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Reuters: Business News
  • Shares rebound with confidence boost from GE
    NEW YORK (Reuters) - Stocks snapped back on Tuesday after a pledge by General Electric, a global bellwether, to leave its dividend intact in a fragile economy sparked optimism.
  • GM says needs fast $4 billion from U.S. to survive
    DETROIT (Reuters) - General Motors Corp warned the U.S. government on Tuesday that it needs a $4 billion loan by the end of December or else it faces the risk of immediate failure.
  • Chrysler says needs emergency bridge loan
    DETROIT (Reuters) - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.
  • Automakers desperate bailout plea gaining support
    DETROIT/WASHINGTON (Reuters) - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans and two of them, General Motors Corp and Chrysler LLC, said that without an immediate infusion of cash they could fail soon.
  • AIG, U.S. in deal to terminate some debt obligations
    NEW YORK (Reuters) - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.

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