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 (Reuters) - General Motors Corp reported a 41 percent drop in overall U.S. sales for November, saying continued economic uncertainty was hurting consumer confidence.
NEW YORK (Reuters) - Stocks sharply pared gains on Tuesday after General Motors Corp posted a 41 percent slide in November auto sales, compounding investors' worries about the fate of the embattled U.S. auto industry.
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.
NEW YORK (Reuters) - Former AOL chief executive Jonathan Miller is trying to raise money to buy part or all of Yahoo, The Wall Street Journal reported on Tuesday.
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