The company said its global reach, diverse customer base and cost-cutting were helping it weather the economic downturn and that it expected fourth-q read more »
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Wholesale prices dropped 2.8 percent in October, the biggest one-month decline on records that go back more than 60 years as energy prices fell. read more »
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Home Depot, the home improvement retail chain, reported a 31 percent drop in quarterly profit as consumers put off big-ticket projects amid a deepeni read more »
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Every Asian market fell, as investors in the region caught up with Monday’s drop on Wall Street, while European markets were off as well. read more »
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The French retail giant Carrefour said it would replace José Luis Durán as its chief executive to try to end shareholder tension over its performance read more »
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Ford will end 12 years of control of Mazda through the sale of a 20 percent stake in the Japanese carmaker. read more »
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There is a fix to G.M.’s dance with disaster. Call it a government-sponsored bankruptcy. read more »
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Bank of America said it would nearly double its stake in China Construction Bank, in spite of the spreading global financial crisis. read more »
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A Chicago jury has ruled that subsidiaries of Johnson & Johnson must pay $16.6 million to the family of a woman who died of a drug overdose after usi read more »
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The layoffs, 90 percent of which will be in Hong Kong, is a further indication that the Asian financial community is being affected by the global fin read more »
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While major hotel companies are reeling from a drop in demand, many bargains can be had for those with the inclination and money to travel. read more »
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UBS has overhauled compensation for top executives, and the British government looks for ways to cut the overall cost of the bailout. read more »
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The celebratory mood did not extend to the outlook for an economic recovery measure or a separate bailout for the nation’s automakers. read more »
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“The auto industry supports one of every 10 jobs in the United States,” Michigan Governor Jennifer M. Granholm has said multiple times in her pleas f read more »
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Rick Wagoner, G.M.’s chief executive, and his company have become the lightning rods of the debate over whether Detroit should get a bailout. read more »
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In a classic example of a futile government intervention, British Leyland went through billions in taxpayer money before going out of business. read more »
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As America’s newspapers shrink, a new kind of Web-based news operation has arisen in several cities, forcing the papers to follow the stories they un read more »
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The Detroit auto companies and the United Automobile Workers union face waves of criticism as they try to make their case for a federal bailout. read more »
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Yahoo said Mr. Yang, who helped build the company into an Internet giant, would step down from his role as chief executive. read more »
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Export Development Canada has stopped writing new polices to protect Canadian auto parts makers in the event of a bankruptcy filing by Chrysler. read more »
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