Finance and Business

GM enters bankruptcy protection

noreply@blogger.com (Col) — Mon, 01 Jun 2009 10:13:00 +0000

Car giant General Motors files for bankruptcy protection, the biggest industrial failure in US corporate history.

Magna is 'very close' to GM deal

noreply@blogger.com (Col) — Fri, 29 May 2009 10:13:00 +0000

Canadian car parts maker Magna is the preferred bidder for GM Europe, owner of Opel and Vauxhall, Lord Mandelson says.

US begins GM bankruptcy planning

noreply@blogger.com (Col) — Thu, 28 May 2009 10:13:00 +0000

General Motors and the US Treasury improve the offer to GM's bondholders, as they prepare for the firm's bankruptcy.

GM ponders future as deal fails

noreply@blogger.com (Col) — Wed, 27 May 2009 10:13:00 +0000

General Motors' battle to avoid bankuptcy suffers a blow as bondholders reject a key part of the carmaker's restructuring plan.

Consumer confidence buoys market

noreply@blogger.com (Col) — Tue, 26 May 2009 10:13:00 +0000

US shares rise after a survey suggested US consumer confidence was at its highest level since last September.

German firms see optimism ahead

noreply@blogger.com (Col) — Mon, 25 May 2009 10:13:00 +0000

Firms in Germany are more confident now than they have been for six months, according to a key index.

High costs fuel record loss at BA

noreply@blogger.com (Col) — Fri, 22 May 2009 10:13:00 +0000

British Airways announces an annual pre-tax loss of £401m, after being hit by the weak pound and higher fuel costs.

Markets fall as growth hopes fade

noreply@blogger.com (Col) — Thu, 21 May 2009 10:13:00 +0000

Markets worldwide fall after Federal Reserve minutes showed the central bank has lowered its forecast for US growth.

Japan's economy in record plunge

noreply@blogger.com (Col) — Wed, 20 May 2009 10:13:00 +0000

Japan's economy in the first three months of 2009 shrinks at its quickest pace since records began, as exports slump.

Oil above $60 on US economy hopes

noreply@blogger.com (Col) — Tue, 19 May 2009 10:13:00 +0000

Oil prices rise above $60 a barrel - with analysts pointing to renewed hopes of a recovery in the US economy.

Indian stocks surge on election

noreply@blogger.com (Col) — Mon, 18 May 2009 10:13:00 +0000

Indian stocks rise more than 17% after the Congress party wins a surprisingly decisive victory in national elections.

Eurozone economies contract 2.5%

noreply@blogger.com (Col) — Fri, 15 May 2009 10:13:00 +0000

The economy of the eurozone declined by 2.5% in the three months of 2009, the EU's statistics agency says.

Sony sees first loss in 14 years

noreply@blogger.com (Col) — Thu, 14 May 2009 10:13:00 +0000

Japanese electronics giant Sony reports its first annual loss in 14 years, after being hit by a big drop in sales.

EU slaps a record fine on Intel

noreply@blogger.com (Col) — Wed, 13 May 2009 10:13:00 +0000

Chipmaker Intel is fined a record 1.06bn euros ($1.45bn; £948m) by the European Commission for anti-competitive practices.

Hitachi posts record annual loss

noreply@blogger.com (Col) — Tue, 12 May 2009 10:13:00 +0000

Electronics maker Hitachi reports a record annual loss by a Japanese manufacturer, after a drop in demand for its products.

Centrica in British Energy deal

noreply@blogger.com (Col) — Mon, 11 May 2009 10:13:00 +0000

British Gas owner Centrica says it is buying a 20% stake in nuclear firm British Energy for £2.3bn, less than initially planned.

Ten US banks fail 'stress tests'

noreply@blogger.com (Col) — Fri, 08 May 2009 10:13:00 +0000

Ten US banks need a combined $74.6bn (£50bn) of extra funds to boost their cash reserves, the government says.

US banks 'safe from insolvency'

noreply@blogger.com (Col) — Thu, 07 May 2009 10:13:00 +0000

No US bank being examined by regulators is at risk of insolvency, US Treasury Secretary Timothy Geithner says.

Judge paves way for Chrysler deal

noreply@blogger.com (Col) — Wed, 06 May 2009 10:13:00 +0000

The judge overseeing the bankruptcy of Chrysler rejects efforts to halt the sale of the ailing automaker to Italian Fiat.

UBS cautious as losses stack up

noreply@blogger.com (Col) — Tue, 05 May 2009 10:13:00 +0000

UBS confirms a quarterly net loss of 2bn Swiss francs and says it remains cautious as the economy continues to deteriorate.

Fiat could buy Vauxhall and Opel

noreply@blogger.com (Col) — Mon, 04 May 2009 10:13:00 +0000

Italy's Fiat is in talks to buy the European business of General Motors - which includes Vauxhall and Opel.

Lenders object to Chrysler plan

noreply@blogger.com (Col) — Fri, 01 May 2009 10:13:00 +0000

A group representing 20 debt holders in Chrysler is set to object to the firm's Chapter 11 bankruptcy move.

Chrysler approaches key deadline

noreply@blogger.com (Col) — Thu, 30 Apr 2009 10:13:00 +0000

Restructuring efforts continue as Chrysler is just hours away from a deadline that could force it to file for bankruptcy protection.

Societe Generale chairman resigns

noreply@blogger.com (Col) — Wed, 29 Apr 2009 10:13:00 +0000

Societe Generale's chairman Daniel Bouton resigns, saying the personal attacks against him risked "harming the bank".

Flu continues to weigh on markets

noreply@blogger.com (Col) — Tue, 28 Apr 2009 10:13:00 +0000

Global shares fall further in Tuesday trading as the swine flu outbreak continues to weigh on global markets.