WALL Street skidded at the opening today amid investor jitters about the spread of swine flu and reports suggesting big US banks might need further capital to shore up their finances. The Dow Jones Industrial Average dropped 84.35 points (1.05 per cent) to 7940.65 in the first trades, extending …
By Frank Ahrens The Washington Post has cut its circulation losses for its Monday-through-Friday and Sunday editions, but losses for the Saturday edition remain largely unchanged from previous measures.
By GREGORY MEYER NEW YORK — Crude-oil futures dropped more than 6% Monday on concerns the deadly strain of flu showing up around the world will force travel cutbacks that undermine global oil demand.
Stocks in New York were modestly weaker early Monday as markets around the world were unnerved by growing reports of swine flu, but the major indices quickly overcame those jitters and rose off their lows. The Dow Jones Industrial Average was up 19 points to 8095, after having been in negative …
By Mike Ramsey April 27 (Bloomberg) — Chrysler LLC, racing against an April 30 deadline to cut labor costs or face bankruptcy, reached a tentative contract agreement with its biggest US union and won ratification of an accord with Canadian workers.
General Motors Corp. will cut 7000 to 8000 jobs in addition to cuts announced two months ago, and it will eliminate its Pontiac brand.
By Gabi Thesing April 27 (Bloomberg) — German consumer confidence unexpectedly held steady for a third month as slower inflation boosted household purchasing power and the recession showed first signs of easing.
WELLINGTON (Dow Jones)–The New Zealand dollar was trading modestly higher Monday, but was well off its session highs on broad risk aversion as most Asian shares fell after fears of a swine flu pandemic capped demand.
DETROIT (Reuters) – General Motors Corp Chief Executive Fritz Henderson is set to provide an update on Monday on the struggling automakers restructuring amid Obama administration demands that it move faster and cut deeper.
BY GREG GARDNER • FREE PRESS BUSINESS WRITER • April 27, 2009 As Chrysler LLC and President Barack Obama’s auto task force negotiate around the clock for a deal aimed at saving the Auburn Hills automaker, Chrysler’s 26000 hourly workers must decide …