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CompareCC News Archive Listing for Business during 2008-11-16.
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GM lobbying hard for bailout: report
 
Reuters - General Motors Corp has been telling U.S. government officials that a bankruptcy filing by the automaker would set off a chain reaction hitting hundreds of its suppliers and dealers as well as its Detroit rivals, The Wall Street Journal reported on Saturday.
Leaders welcome G20 action plan
 
World leaders welcome the outcome of the G20 summit but some observers say the action plan does not go far enough.
Downturn Drags More Consumers Into Bankruptcy
 
With their credit cards drained, the latest bankruptcy filers are deeper in debt than those in previous downturns.
At Exxon, Making the Case for Oil
 
As the world begins to shun dirty fuels, Exxon Mobil, undaunted, says oil will power economies for decades.
Into the red
 
Fine wine prices fall as economic woes hit the super rich
Carphone mulls TalkTalk spin-off
 
Carphone Warehouse is considering plans to spin off its TalkTalk broadband internet business, reports say.
Unremitting gloom and capital flight
 
Reuters - Investors enter the week surrounded by unrelentingly poor global economic news, fading hopes of a significant end-of-year stock market recovery and a growing reliance on governments coming to the rescue.
U.S. auto sector bankruptcy would devastate: GM CEO
 
Reuters - U.S. auto industry bankruptcies would have a devastating impact on the domestic economy, many times larger than the aid automakers seek, General Motors Corp Chief Executive Rick Wagoner said on Sunday.
G.O.P. Senators Oppose Auto Bailout
 
Calling the auto industry a ?dinosaur,? two Republican senators said a bailout would only postpone its demise.
The Nation: Will the Safety Net Catch Economy?s Casualties?
 
Programs to cushion and counter economic downturns have been sharply curtailed since the 1981-82 recession.
As U.S. banks retreat, credit unions step up loans
 
Reuters - Some U.S. consumers hit hard by the credit and foreclosure crisis are finding that down-sizing their lender is paying dividends.
Genworth in deal to buy bank, seeks TARP money
 
Reuters - Life and mortgage insurer Genworth Financial Inc said on Sunday it applied for capital under a U.S. government program after reaching a deal to buy a bank and requesting savings and loan company status.
IMF head calls for extra funding
 
The head of the IMF says it will need more funding if it is to play a bigger role in aiding a global economic recovery.
Goldman CEO, 6 others forgo 2008 bonuses
 
Reuters - Goldman Sachs Group Inc said on Sunday its Chief Executive Lloyd Blankfein and six other top officials will not get bonuses for 2008.
The Reckoning: A Deregulator Looks Back, Unswayed
 
Phil Gramm promoted policies that he says unshackled businesses from restraints but his critics charge contributed to the financial crisis.
If Detroit Falls, Foreign Makers Could Be Buffer
 
Experts say the foreign makers could take control of the industry and its vast supplier network more quickly than is understood.
Seeking Aid, Automakers Have a Friend in the U.A.W.
 
The United Automobile Workers president will testify to Congress this week, but many lawmakers may say that unions have exacerbated Detroit?s problems.
Japan?s Economy, World?s Second Largest, Is in Recession
 
Japan?s economy has been hurt by weak export growth and steep cuts in corporate spending amid the worsening global slowdown.
Concession by Iceland Clears Path for I.M.F. Aid
 
Iceland said that it had agreed to cover European depositors at failed banks, breaking an impasse that had held up the dispersal of billions of dollars in international aid.
No Bonuses for 7 Senior Executives at Goldman
 
The decision, requested by the bank?s executives, is likely to put heavy pressure on Goldman Sachs?s competitors to take similar action.
Facing Deficits, States Get Out Sharper Knives
 
Rising unemployment and sharp drops in tax revenue are forcing states to face service cuts, hiring freezes, tax increases, or all of these.
Breakingviews.com: From the Valley Comes a Warning
 
A viral hit underscores the precariousness of the venture capital business, and the large pension fund Calpers faces possible asset allocation.
A Studio, a Star, a Fateful Bet
 
?Valkyrie? was conceived as a dramatic showcase for Tom Cruise, as well as a high-profile effort to kick-start United Artists.
Rather?s Lawsuit Shows Role of G.O.P. in Inquiry
 
Evidence seems to support Dan Rather?s assertion that CBS wanted its investigation into a segment about President Bush?s National Guard service to mollify critics.
A Computing Pioneer Has a New Idea
 
Steven J. Wallach?s newest effort in computing design is intended to tackle one of the principle limitations in the world of supercomputing.
At National Review, a Threat to Its Reputation for Erudition
 
The magazine faces the twin challenges of re-energizing the conservative movement while trying to stay relevant.
Burned Once, Intel Prepares New Chip Fortified by Constant Tests
 
To ensure that it is as error-free as possible, Intel has tested its new Core i7 microprocessor, code-named Nehalem, for more than a year.
Indictment Links Deutsche Bank to Tax-Shelter Inquiry
 
Federal prosecutors have indicted a former Bank One executive, charging that he sold questionable tax shelters through transactions arranged by Deutsche Bank.
Cuomo Investigating Colleges? Deals with Health Insurers
 
The investigation by the attorney general appears to be focused on the adequacy of disclosure of policy terms and costs to students.
J. Crew Benefits as Mrs. Obama Wears the Brand
 
Michelle Obama: first lady-to-be, fashion plate and now, online pitch.
Media Companies Help Promote Laptop Project
 
Media companies are donating television time and magazine pages to help the organization?s effort to provide laptops to children in developing nations.
With Obama, Murdoch Defies His Image
 
The day before the election, The New York Post?s coverage of Barack Obama turned positive. Has Rupert Murdoch gone soft on liberals?
Drilling Down: When the Freshness Date Is Dismissed
 
Consumers pay less attention to the freshness dates of products once they own them, a research paper shows.
Politically Charged Radio Interview Goes Viral
 
When Clear Channel Communications tried to force a Web site to take down an audio recording, the recording soon popped up on dozens of other sites.
Talk to the Newsroom: Home Reporter
 
Penelope Green, Home reporter, is answering questions from readers.
James Bond, Armed With Record, Controls Box Office
 
The new James Bond film sold an estimated $70.4 million in tickets at North American theaters, setting an opening-weekend record for the franchise.
The Media Equation: Newspapers Jettisoning Top Talent to Cut Costs
 
Circuit City fired its best employees and is now in bankruptcy. Are newspapers following the same path?
'Three million jobless' by 2010
 
The CBI says the UK economy will shrink by 1.7% in 2009, with unemployment rising to nearly 3 million by 2010.

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