European markets trim gains, Wall Street slips after worse than expected trade dataLONDON — European stock markets trimmed earlier gains Wednesday and Wall Street slipped after U.S. government data showed the country’s exports fell to a near three-year low in April. Fiat closes deal for bulk of Chrysler assets, clears path for Chrysler to emerge from Chap. 11DETROIT — Italy’s Fiat is the new owner of most of Chrysler’s assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO. Senate panel to question Obama’s auto task force of handling of GM, ChryslerWASHINGTON — Members of President Barack Obama’s auto task force face questions in the Senate Wednesday about billions of dollars in government aid to rescue General Motors and Chrysler and whether taxpayers would eventually receive a return on the money. AP source: Chrysler management shake-up coming if Supreme Court clears asset sale to FiatDETROIT — If the sale of Chrysler LLC’s assets to Fiat Group SpA is cleared by the Supreme Court, the Italian automaker will shake up Chrysler management and change the company’s culture, according to a senior Obama administration official. Fiat remains interested in Opel despite moves on Magna dealMILAN — Fiat CEO Sergio Marchionne said Friday that the Italian automaker hasn’t given up on Germany’s Opel, even though a tentative Opel takeover deal by rival bidders Magna International Inc. and Russia’s Sberbank was moving ahead. Report: GM Europe chief aims for Opel profit before 2013BERLIN — GM Europe’s president hopes that carmaker Opel will make a profit before 2013, the target that its prospective new investor has set, according to an interview published Thursday. AP News in BriefObama says he’ll accept Nobel Peace Prize as ‘call to action’ toward peace and prosperity Fiat 500 remake shown off on streets of New York, day after judge approves Chrysler-Fiat dealNEW YORK — Italian officials touted the remake of Fiat’s iconic 500 compact as the perfect city car for a new America, a day after a bankruptcy judge gave Chrysler LLC approval to sell most of its assets to the Italian automaker and hours after General Motors entered bankruptcy protection. Obama puts US in driver’s seat as GM enters bankruptcy, planning huge job and dealer cutsWASHINGTON — In a defining moment for American capitalism, President Barack Obama ushered General Motors Corp. into bankruptcy protection Monday and put the government behind the wheel of the company that once symbolized the nation’s economic muscle. Meltdown 101: What is a corporate bankruptcy, and how do the most common types work?NEW YORK — General Motors Corp.’s filing for bankruptcy protection on Monday highlights what many companies today face: the ugly scenario of having debts that far outweigh their assets. GM affiliate files for bankruptcy protection, starting the automaker’s court filingsNEW YORK — A General Motors dealership in New York filed for bankruptcy protection Monday, beginning the wave of court filings expected as the automaker files for legal protection to complete its reorganization. German economy minister says GM in talks with Magna on ‘new ideas’ for OpelBERLIN — General Motors Corp. and Canadian auto parts maker Magna, a suitor for GM’s Opel unit, were negotiating Friday on “new ideas” from the bidder, Germany’s economy minister said as top officials gathered for more high-level talks on a rescue deal for Opel. Top-level talks on Opel future in jeopardy after Fiat says it will not attendBERLIN — A top-level meeting on a rescue plan for carmaker Opel was in jeopardy after Italy’s Fiat, one of two remaining bidders for the General Motors Corp. unit, said it would not attend in a dispute over financing, a spokesman for Chancellor Angela Merkel said Friday. Reborn Fiat confronts a past littered with breakdowns as it prepares for Chrysler allianceMILAN — In a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers. Group of dissident Chrysler lenders files motion to block sale of automaker’s assets to FiatNEW YORK — A dissident group of Chrysler lenders is objecting to the sale of the bulk of the automaker’s assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding. Chrysler to close 5 more plants by end of 2010, among 8 that won’t be part of revamped companyNEW YORK — Chrysler LLC said Friday that it plans to close five more of its plants by the end of 2010 as part of its plan for a quick restructuring under Chapter 11 bankruptcy protection. 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. Chrysler declaring bankruptcy, seals deal with FiatWASHINGTON - The long ailing US carmaker Chrysler was to enter bankruptcy protection Thursday after last-ditch efforts to get an out-of-court agreement with its creditors collapsed, President Barack Obama announced. Canada auto workers say they’ve reached tentative pact with ChryslerTORONTO — Canadian Auto Workers negotiators have reached a tentative new labor deal with Chrysler, a union official said Friday. US Treasury says General Motors has been given an additional $2 billion in federal loansWASHINGTON — Taxpayers invested another $2 billion in General Motors Corp. this week as the struggling auto giant continued efforts to restructure and avoid bankruptcy court. Canada unveils $4 bn interim loan to GM, ChryslerTORONTO - Canada Monday announced $4 billion in interim loans to General Motors (GM) and Chrysler as the struggling auto giants undertake government-supervised restructuring plans. Are celebrities used as substitutes for ideas in commercials?NEW DELHI - Celebrities have now become walking and talking billboards with many of them endorsing several brands at one time. While some ad makers feel stars are often used as substitutes for lack of fresh ideas and that one person selling multiple products can confuse consumers, many feel stars, if used well, can up the creativity of commercials. |
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