DETROIT/WASHINGTON (Reuters) - U.S. automakers started to submit plans demanded by Congress as the Big Three's CEOs and lawmakers gird for debate over a $25 billion bailout the industry says it needs to survive.
DETROIT/LONDON (Reuters) - The auto industry reeled from further sales declines in the United States as a slowdown that began there showed signs of spreading to Europe, Asia and Africa, forcing automakers to slash production.
WASHINGTON (Reuters) - House of Representatives Democratic Leader Steny Hoyer said on Tuesday he hoped Congress will be able to take action next week on struggling U.S. auto manufacturers' requests for federal financial aid.
NEW YORK (Reuters) - Stocks rose on Tuesday as investors scooped up beaten-down shares after Monday's sell-off and news that bellwether General Electric would keep its dividend unchanged in a tough economy.
BOSTON (Reuters) - General Electric Co plans to scale back its hefty finance arm and cut jobs across its range of businesses as it braces for what it expects to be a worsening economic environment next year, executives said.
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