Ford says April sales fall 32 percent, gains retail market share on sales of FusionDETROIT — Record sales of its fuel-efficient Fusion helped Ford grab a bigger slice of the U.S. car market in April, even as its overall sales dropped 32 percent. Manufacturing declines at slower rate, raising hopes; factory orders fall more than expectedWASHINGTON — U.S. manufacturing activity in April posted its best showing since September, when the financial crisis erupted. The performance was driven by a rise in new orders reflecting higher business and consumer spending. Stocks tread water on mixed economic data, weak reports from MasterCard and MetLifeNEW YORK — Traders didn’t make many big moves Friday after the rush of “buy” orders that propelled the market in April to its best one-month performance in nine years. Stocks lose ground following mixed data on manufacturing, factory orders, corporate earningsNEW YORK — Stocks began May with moderate losses following mixed data on manufacturing and factory orders and weaker-than-expected earnings reports. Stocks lose ground following mixed reports on manufacturing, factory ordersNEW YORK — Stocks are slipping following mixed data on manufacturing and factory orders. Factory orders tumble larger-than-expected 0.9 percent in March with shipments also downWASHINGTON — Orders to U.S. factories fell a larger-than-expected 0.9 percent in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession. Wall Street slides after strong April as investors await reading on manufacturing activityNEW YORK — Stocks began May with modest moves ahead of a key reading on U.S. manufacturing. Chrysler’s first court hearing may give clues on how long bankruptcy case will lastNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler’s first hearing that may signal whether a quick, “surgical” bankruptcy will be possible for the automaker. Wall Street fluctuates in narrow range as investors await reading on manufacturing activityNEW YORK — Stocks are starting May with modest moves ahead of a key reading on U.S. manufacturing. American Axle & Manufacturing reports wider 1st-quarter loss as production cuts batter salesDETROIT — Auto parts supplier American Axle & Manufacturing Holdings Inc. on Friday posted a wider first-quarter loss as production cuts at automakers sent its sales tumbling. Chrysler is due in court today to start Chapter 11 bankruptcy proceedingsNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler’s first hearing that may signal whether a quick, “surgical” bankruptcy will be possible for the automaker. GM’s Asia chief says regional operations to stay in company foldSEOUL, South Korea — The Asia-Pacific operations of General Motors Corp. will stay within the company fold regardless of whether GM ends up declaring bankruptcy or not, the U.S. automaker’s regional chief said Friday. Japanese stocks rise on weaker yen, Australia falls; most Asian markets closedTOKYO — Japan’s stock market rose to a four-month high while shares in Australia edged down in quiet trading Friday, with most of the region’s markets closed and investors awaiting key events in the coming week. Japan minister wary of fallout from Chrysler bankruptcy on auto parts makersTOKYO — Japan’s trade and economy minister said Friday that the government is watching for possible fallout from Chrysler’s bankruptcy caused by damage to Japanese parts makers. $3.8 bn Canadian loan for auto giant ChryslerTORONTO - Canada will loan $3.8 billion to Chrysler in return for a two percent stake and a say in management as the troubled auto giant undertakes restructuring to survive. US stocks mixed after Chrysler bankruptcyNEW YORK - Two US stock indices retreated but a third was up after the White House announced Thursday that Chrysler, the country’s third-largest car maker, was seeking protection from creditors in bankruptcy court and would take a buy-in from Italy’s Fiat. Canadian, Ontario governments provide financing, get 2 pct stake in retooled Chrysler CanadaTORONTO — The Canadian federal and Ontario governments will jointly hold a 2 percent equity stake in a restructured Chrysler Canada and will lend almost 4 billion Canadian dollars ($3.3 billion) to help the beleaguered company while it is in bankruptcy proceedings, the prime minister said Thursday. Chrysler succumbs to bankruptcy, pins hopes on alliance with Fiat after months of struggleDETROIT — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. Business HighlightsRetailers see sales begin to recover in September NEW YORK (AP) — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season. After months of struggle, Chrysler succumbs to bankruptcy, pins hopes on alliance with FiatDETROIT — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. Wall Street’s big April advance could be another sign that the recession is starting to easeNEW YORK — April was Wall Street’s best month in nine years — offering some of the most powerful evidence yet that maybe, just maybe, the economy is about to begin a turnaround. Meltdown 101: How government support makes Chrysler’s bankruptcy different from othersThe U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday. Treasury prices mixed after decline in jobless claims, drop in personal spendingNEW YORK — Treasurys ended mixed Thursday after data showed a surprise decline in jobless claims but also a drop in personal spending. CEO Bob Nardelli couldn’t save Chrysler from bankruptcy and prepares to step down again
Stock market finishes mixed after Chrysler bankruptcy offsets economic optimismNEW YORK — Chrysler’s bankruptcy put only a small dent in Wall Street’s rally. Gold prices retreat, fall back below $900 as dollar gains ground, stocks stage early rallyNEW YORK — Gold prices inched back below $900 an ounce on Thursday, falling as the dollar advanced against other major currencies and stocks staged an early rally. Drops in consumer spending, incomes reveal fragile economy battling to emerge from recessionWASHINGTON — Americans spent less than expected in March, pulling back after a burst of buying in the first two months of the year. The reversal was tied to a larger-than-anticipated decline in income and is a stark reminder of a fragile economy trying to rise out of a deep recession. Stock market struggles to stay up after Chrysler bankruptcy weighs on economic optimismNEW YORK — Chrysler’s bankruptcy is testing Wall Street’s resilience. Chrysler bankruptcy raises questions about worker pensions, dealerships and tax revenuesAUBURN HILLS, Mich. — Fears that a Chrysler LLC bankruptcy could devastate southeast Michigan and harm Chrysler workers and retirees nationwide were abating somewhat as details of the deal were released Thursday. Chrysler Vice Chairman Tom LaSorda to retire after 32 years in auto businessDETROIT — Chrysler Vice Chairman and President Tom LaSorda says he is going to retire, but the date has not been set. |
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Nardelli’s fails to revamp Chrysler, loses last chance to polish his image
