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Reuters: Business News
  • Big Three automaker plans hit congressional desks
    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.
  • Ford sales drop 31 percent
    DETROIT (Reuters) - Ford Motor Co on Tuesday reported a nearly 31 percent drop in overall sales for November, saying that the economy was continuing to weaken.
  • Wall St leaps on bargain hunting, auto hopes
    NEW YORK (Reuters) - Stocks extended their advance on Tuesday, sending benchmark indexes up more than 3 percent, as investors waded back into beaten-down sectors, including financials, following Monday's sell-off.
  • GE sees fourth-quarter earnings toward low end of range
    BOSTON (Reuters) - General Electric Co expects fourth-quarter profit toward the low end of its prior forecast and is looking for ways to reduce costs, including job cuts at its finance and industrial units, executives said on Tuesday.
  • Ex-AOL boss looking to raise cash for Yahoo bid
    NEW YORK (Reuters) - The former chief executive of AOL Jonathan Miller is trying to raise money to buy part or all of Yahoo, according to the Wall Street Journal.

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