Bet on the U.S. and buy GM stock, spokesman tells retireesDetroit-based car-maker, General Motors Corp., is running on fumes, wobbling uncontrollably above the undesirable net of bankruptcy, grasping for bags of federal dollars to steady itself ... and Tom Wickham ...
Big Three beg for aid as bailout bill stallsDetroit's Big Three auto makers are begging Congress for a $25 billion government rescue, while the legislation clings to life support on Capitol Hill and top lawmakers and the White House suffer from bailout ...
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.
Recession hits Japan, IMF needs more moneyJapan became the latest major economy to fall into recession Monday with France close behind, and the IMF said it needed at least $100 billion to fight the billowing economic crisis enveloping the world.
Slowdown saps promise of emerging auto markets Smoke and flashing lights, dancing girls in white go-go boots _ the world's top automakers put on dazzling shows Tuesday as they wooed Chinese buyers with their latest models.
But for all the flash at this year's Guangzhou Auto Show, automakers face a dimmer outlook for global sales, even here in the world's second-largest vehicle market.
Just as General Motors Corp. and other manufacturers are desperately looking to emerging markets to compensate for falling sales in the U.S., Europe and Japan, potential car buyers in China, Russia and other once sizzling markets are pulling back.
