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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 asks for $18 billion in government aid to survive
    DETROIT (Reuters) - General Motors Corp on Tuesday asked the U.S. government to save it from failure by extending $12 billion in loans and another $6 billion in credit as part of an unprecedented federal intervention into the struggling auto industry.
  • 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.
  • Detroit bailout plans make their way to Congress
    DETROIT/WASHINGTON (Reuters) - Distressed U.S. automakers began submitting plans to Congress on Tuesday as they tried to show that they have a viable future and deserve federal aid, while new reports showed that vehicle sales continued their freefall in November.
  • Auto sales plunge, slowdown spreads
    DETROIT/LONDON (Reuters) - The auto industry was hammered again on Tuesday as U.S. monthly sales plunged nearly 37 percent to the lowest level since 1982 and the slump spread to Europe and Asia, forcing automakers to slash production.

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