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| Latest News| Global stocks rebound on rate cut hopes
(Reuters)
- Reuters - European and Asian shares managed to rise and oil rose toward $50 on Friday as expectations of further interest rate cuts helped to cushion deepening gloom about the financial and auto sectors as well as the broader economy.
Fri, 21 Nov 2008 09:13:41 GMT
| | Honda cuts more production
(Reuters)
- Reuters - Honda Motor Co (7267.T) said it would build fewer cars in Japan, Europe and North America to reflect an increasingly bleak outlook for sales as the global economic crisis discourages big-ticket purchases.
Fri, 21 Nov 2008 09:08:08 GMT
| | Democrats demand Big 3 offer survival plan
(Reuters)
- Reuters - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.
Fri, 21 Nov 2008 06:51:51 GMT
| | Citigroup eyes options including merger
(Reuters)
- Reuters - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
Fri, 21 Nov 2008 03:02:36 GMT
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