Business News | Forum profile

Reuters - Ford Motor Co is considering selling its stake in Japan's Mazda Motor Co, a source familiar with the matter said on Saturday, as debt-laden U.S. automakers struggle with weakening auto sales and the global credit crunch. View the Entire Article

Reuters - The U.S. government pushed on Saturday to finish a plan to buy direct stakes in American banks as finance ministers from around the world struggled to find ways to stop the deepening financial crisis and shore up markets. View the Entire Article

Reuters - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter. View the Entire Article

Reuters - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter. View the Entire Article

Reuters - Ford Motor Co is considering selling its stake in Japan's Mazda Motor Co (7261.T), a source familiar with the matter said on Saturday, as debt-laden U.S. automakers struggle with weakening auto sales and the global credit crunch. View the Entire Article

Reuters - Ford Motor Co plans to sell its stake in Japan's Mazda Motor Co (7261.T), a source familiar with the matter said on Saturday. View the Entire Article

Reuters - U.S. regulators took over two small banks on Friday, in Michigan and Illinois, bringing the tally of bank failures to 15 so far this year. View the Entire Article

Reuters - Finance chiefs of the world's rich nations pledged on Friday to prevent big banks from collapse and to work together to stem the financial crisis after another day of gut-wrenching drops on world markets. View the Entire Article

Reuters - General Motors is in preliminary talks about a possible merger with fellow U.S. automaker Chrysler, The New York Times reported late on Friday. View the Entire Article

Reuters - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday. View the Entire Article

Reuters - Asian stocks fell 2-3 percent on Monday, led by shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year. View the Entire Article

Reuters - Asian stocks fell 2-3 percent on Monday, led by shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year. View the Entire Article

Reuters - Asian stocks dropped by around 5 percent on Monday, led by exporters, and the yen surged to a 2-year high against the euro as investors doubted a scattered European response to the financial crisis and a $700 billion U.S. bank bailout could prevent a deeper slump in the global economy. View the Entire Article

AFP - The London stock market eased 0.28 percent in volatile late morning trade on Tuesday a day after it slumped by 7.8 percent in a global markets rout. View the Entire Article

AP - Efforts by the Russian government to prop up the country's troubled banking sector with fresh cash injections did little to lift stock markets a day after they suffered their worst-ever day of trading. View the Entire Article

Reuters - World stocks fell again on Tuesday and sterling hit a 2-1/2 year low after talk of government funding hit UK banks, erasing gains in the benchmark index made after Australia's surprisingly large interest rate cut. View the Entire Article

Reuters - Wells Fargo & Co is likely to get about 75 to 80 percent of Wachovia Corp's deposits, while Citigroup Inc would get the remainder, a person briefed on the matter said on Tuesday. View the Entire Article

Reuters - A former top lawyer at UBS AG has agreed to pay $6.5 million to settle accusations he sold his personal holdings of auction-rate securities after getting insider information about the collapsing market for the debt. View the Entire Article

AFP - Battered world markets shook off some of their recent gloom Tuesday as European stocks rallied and Asian bourses pulled back from the brink on hopes of cuts to global interest rates. View the Entire Article

AFP - Egypt's key CASE-30 stock index plunged to its lowest level in two years on Tuesday amid fresh concerns about the global financial crisis. View the Entire Article