Top Republican senators oppose automaker bailout Top Republican senators said Sunday they will oppose a Democratic plan to bail out Detroit automakers, calling the U.S. industry a 'dinosaur' whose 'day of reckoning' is coming. Their opposition raises serious doubts about whether the plan will pass in this week's postelection session.
Democratic leaders want to use $25 billion of the $700 billion financial industry bailout to help General Motors Corp., Ford Motor Co. and Chrysler LLC.
Sens. Richard Shelby of Alabama and Jon Kyl of Arizona said it would be a mistake to use any of the Wall Street rescue money to prop up the automakers. They said an auto bailout would only postpone the industry's demise.
Americans uneasy over bailout for automakersAs Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad ...
AT&T Hiring for More Than 100 Job Openings in Connecticut"AT&T is growing in many areas, particularly our wireless business and advanced television segment," said Steve Krom, vice president and general manager for AT&T in New England.
United States needs to help automakersRescuing the Big Three U.S. automakers is a bitter pill to swallow for taxpayers, but it's medicine we might have to take for the economic health of the United States.
BSkyB to raise $600 million in bond issue satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses.
BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will pay 9.5 percent interest on the 10-year bond notes to be issued to institutional investors.
It expects the offer to close by Nov. 24.
Last month, BSkyB posted a 21 percent rise in third-quarter operating profit resulting from a sharp increase in new customers.