Rick Wagoner, G.M.?s chief executive, and his company have become the lightning rods of the debate over whether Detroit should get a bailout.

In a classic example of a futile government intervention, British Leyland went through billions in taxpayer money before going out of business.

?The auto industry supports one of every 10 jobs in the United States,? Michigan Governor Jennifer M. Granholm has said multiple times in her pleas for a bailout of the Detroit Three. Is it true?

The celebratory mood did not extend to the outlook for an economic recovery measure or a separate bailout for the nation?s automakers.

As newspapers shrink, rival operations have arisen in several cities, forcing the papers to follow their lead.

UBS has overhauled compensation for top executives, and the British government looks for ways to cut the overall cost of the bailout.

The falling cost of supercomputer systems has allowed a broader range of corporations and institutions to buy them for everything from processing movie graphics to searching for oil.

While major hotel companies are reeling from a drop in demand, many bargains can be had for those with the inclination and money to travel.

A combination of factors including unemployment and injury has forced many veterans into foreclosure.

The afternoon video show, which ended Sunday after being an MTV flagship for 10 years, was just a little too 20th-century to survive the YouTube age.

A Chicago jury has ruled that subsidiaries of Johnson & Johnson must pay $16.6 million to the family of a woman who died of a drug overdose after using a defective Duragesic patch as a pain killer.

Bank of America said it would nearly double its stake in China Construction Bank, in spite of the spreading global financial crisis.

?The IFC Media Project,? a six-part series that has its premiere on the Independent Film Channel on Tuesday, calls itself a ?user?s guide to how the news gets made.?

Cash-strapped General Motors will sell its entire stake in the Japanese automaker for $230 million.

Reuters - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

Reuters - Ford Motor Co could announce plans to sell a 20 percent stake in Mazda Motor Corp (7261.T) as early as Tuesday, the Nikkei business daily reported.

A major question for Rick Wagoner, G.M.?s chief executive for the last eight years, is whether he will return to Detroit with his job.

New members of Congress were welcomed to Capitol Hill on Monday, but the celebratory mood did not extend toward an economic recovery measure or a bailout for U.S. automakers.

The layoffs, 90 percent of which will be in Hong Kong, is a further indication that the Asian financial community is being affected by the global financial crisis.

Building materials firm Wolseley is to cut 2,300 more jobs, the majority in the UK, as the housing downturn continues to bite.

Shares in Mazda Motor jump 6.4% on reports that US carmaker Ford Motor may sell a 20% stake in the Japanese company.

Japanese banking giant, Mitsubishi UFJ Financial has posted a 64% drop in its second-quarter profit but reiterated its lowered full-year forecast.

The board of Barclays bank is to offer itself for re-election at its annual general meeting in April 2009.

Budget carrier Easyjet reports a fall in annual profits, despite carrying more passengers over the year.

Reuters - Asian stocks fell by up to 5 percent on Tuesday as prospects of a deep global recession and one of the biggest job cut plans in history at Citigroup doused expectations for a financial sector recovery in 2009.

Reuters - Japan's Mitsubishi UFJ (8306.T) and Australia's Macquarie Group became the latest Asian lenders to post sharp falls in profits, but relief Macquarie was not tapping investors for more cash sent its shares soaring.

Reuters - Japan's Mazda Motor Corp (7261.T) said on Tuesday it would announce major-shareholder changes amid reports that Ford Motor Co would shed a stake of about 20 percent in its affiliate.

Ford will end 12 years of control of Mazda through the sale of a 20 percent stake in the Japanese carmaker.

Nielsen will be in direct competition with Arbitron, the country?s leading supplier of radio ratings data.

Troubled US carmaker Ford Motor is selling a 20% stake in Japan's carmaker Mazda Motor, the Japanese company has said.

Carrefour, one of the world's larger retailers, announces that it will replace its chief executive in January next year.

Australia's biggest investment bank, Macquarie Group posts a sharp drop in its first-half profit but said it did not need to raise cash.

Official figures show that UK inflation fell from 5.2% to 4.5% in October, as oil prices and transport costs fell.

Carphone Warehouse confirms it is considering plans to spin off its TalkTalk broadband internet business.

Reuters - Ford Motor Co will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker in the latest sign of desperation among the U.S. Big Three as they scramble to raise cash.

Home Depot, the home improvement retail chain, reported a 31 percent drop in quarterly profit as consumers put off big-ticket projects amid a deepening economic crisis.

Every Asian market fell, as investors in the region caught up with Monday?s drop on Wall Street, while European markets were off as well.

The French retail giant Carrefour said it would replace José Luis Durán as its chief executive to try to end shareholder tension over its performance and strategy.

The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.

The buy-to-let housing market is 'closed', the boss of nationalised bank Bradford & Bingley tells a committee of MPs.

Reuters - Stock futures pointed to a lower Wall Street open on Tuesday, with futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 down 1.5 to 1.8 percent at 5:54 a.m. EST.

Reuters - Ford Motor Co, scrambling for cash as the U.S. Big Three automakers struggle to stay alive, will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker.

Reuters - Home Depot Inc reported a 31 percent drop in quarterly profit on Tuesday as consumers put off big-ticket projects amid a deepening economic crisis.

A major question for Rick Wagoner, G.M.?s chief executive for the last eight years, is whether he will return to Detroit with his job.

The company said its global reach, diverse customer base and cost-cutting were helping it weather the economic downturn and that it expected fourth-quarter results well above expectations.

Wholesale prices dropped 2.8 percent in October, the biggest one-month decline on records that go back more than 60 years as energy prices fell.

Saks said it lost more than expected in the third quarter amid job losses on Wall Street and stock market turmoil, while Home Depot said quarterly profit sank 31 percent on slow sales.

There is a fix to G.M.?s dance with disaster. Call it a government-sponsored bankruptcy.

Chinese companies are told they need permission to fire more than 40 workers, in a sign of worry over rising unemployment.

Arrears on controversial home loans of up to 125% of the value of a property are driving Northern Rock's repossession rate.

Japan's economy falls into its first recession since 2001 after shrinking by 0.1% in the July to September quarter.

Burberry's shares fall to their lowest level in six years after the luxury brand issues a profit warning.

Reuters - Hewlett-Packard Co posted stronger-than-expected preliminary quarterly results and gave a full-year profit forecast that also beat Wall Street estimates despite the weak global economy, sending shares up 11 percent.

Reuters - Stocks headed for a flat open on Tuesday as computer maker Hewlett-Packard's reassuring quarterly results and profit outlook offset worries about the deepening global economic slump.

Reuters - Producer prices fell a record 2.8 percent in October as energy prices slid, government data on Tuesday showed, but a measure of core inflation at the farm and factory gate rose more than forecast.

AP - Luxury retailer Saks Inc. reported a wider-than-expected loss in the third quarter in contrast to a year-ago profit, as its affluent customers slashed spending amid massive job losses on Wall Street and shrinking stock portfolios linked to the financial meltdown.

In prepared testimony, the Federal Reserve chairman described signs of only modest improvement in the credit markets.

Rick Wagoner and his company, G.M., have become the lightning rods of the debate over whether Detroit should get a bailout.

US Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke defend the $700bn bank bail-out plan.

Belgium-based brewer InBev closes its $52bn takeover of the US's Anheuser-Busch to create the world's largest brewer.

US wholesale prices fell by 2.8% in October, the biggest monthly fall for over 60 years.

Taiwan's prime minister announces a cash handout for all residents in a bid to try to stave off economic crisis.

Russian oil firms could cut output if crude prices continue sliding, Russia's energy minister says, but it will be their decision.

Reuters - Hewlett-Packard Co posted stronger-than-expected results and forecast full-year profit above Wall Street estimates, underscoring its resilience to an economic crisis that has dragged down other tech companies.

Reuters - Stocks rose in choppy trade on Tuesday as computer maker Hewlett-Packard's reassuring quarterly results and an upbeat profit forecast tempered worries about the global economic slump and uncertainty about aid for U.S. carmakers.

Financial officials faced new calls from Congress to aim more of the relief package at helping homeowners.

Hewlett-Packard?s comparatively optimistic forecast bucked the trend of gloomy predictions from other major tech companies.

After bounding higher on a strong outlook from Hewlett Packard, markets fell lower in midday trading, adding to sharp losses from the start of the week.

The prices of existing single-family homes prices fell 9 percent in the third quarter compared with the period a year ago, weighed down by foreclosure sales, a trade group report showed.

The British banking giant bowed to protest over its equity stake sale by offering the same terms to institutional investors that it gave to its largest Middle Eastern shareholders.

It will take the efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession, according to a gathering of economic experts.

The cuts are part of a restructuring plan at Pepsi Bottling Group, which cut its forecast for full-year earnings, citing weaker foreign currencies.

A combination of factors including unemployment and injury has forced many veterans into foreclosure.

There is a fix to G.M.?s dance with disaster. Call it a government-sponsored bankruptcy.

US Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke defend the $700bn bank bail-out plan.

The world's biggest PC maker, Hewlett-Packard, has revealed better-than-expected net profit in the fourth quarter.

Monetary Policy Committee member Tim Besley says the market should not have been so surprised by the recent 1.5% rate cut.

Reuters - Stocks lost ground in choppy trade on Tuesday, sending the Nasdaq down more than 1 percent, as investors fretted about the worsening global economic downturn, offsetting Hewlett-Packard's upbeat quarterly results and profit outlook.

Reuters - Pervasive fears of job loss, financial market upheaval and recession hammered U.S. home builder sentiment to a record low in November, the National Association of Home Builders said on Tuesday.

The heads of Detroit?s Big Three automakers and the United Auto Workers union testified before a Senate panel that the U.S. auto industry could face collapse without an infusion of funds.

The chief executives of G.M., Ford and Chrysler are making the case for federal assistance before a Senate committee.

The British banking giant bowed to protest over its equity stake sale by offering the same terms to institutional investors that it gave to its largest Middle Eastern shareholders.

Reuters - Stocks slid on Tuesday, with the Nasdaq falling more than 3 percent, as worries about the worsening global economic downturn hounded markets.

Reuters - General Electric Co said on Tuesday it was reorganizing its finance arm, GE Capital, with an eye toward saving $2 billion next year.

China?s car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives said.

Financial officials faced new calls from Congress to aim more of the relief package at helping homeowners.

The New York attorney general asked the American International Group whether it was still planning to give out bonuses or raises after the government rescued the insurer from collapse.

The Dow moved higher in the last hour as the Big Three American automakers took their case for a bailout to Capitol Hill.

HSBC announced that it would cut 500 jobs in Asia. And Citigroup?s roughly 50,000 employees in the were faced with the reality that some of job cuts announced Monday could hit them.

United Airlines wins an injunction against a pilots' trade union stopping it taking industrial action against the airline.

Reuters - Stocks staged a late fight back on Tuesday after a choppy session in which stronger-than-expected results and outlook from computer maker Hewlett-Packard offset fears that more losses at Citigroup and other banks are yet to come.

Reuters - General Electric Co said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate's results as a result of the global credit crunch.

More companies that file for bankruptcy protection are shutting down because they cannot obtain enough financing to operate while they reorganize.

HSBC announced that it would cut 500 jobs in Asia. And Citigroup?s roughly 50,000 employees in the were faced with the reality that some of job cuts announced Monday could hit them.

The bosses of the three biggest US carmakers, Ford, GM and Chrysler, ask Congress for a $25bn bail-out.

Long-isolated Syria warms to tourism in Damascus.

Martha Lane Fox tells entrepreneurs how to survive

Shareholders of banks set to receive taxpayers' money have been warned that rejecting the deal would be costly.

Reuters - Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential.

Reuters - La-Z-Boy Inc , the furniture maker and retailer, reported a wider quarterly loss on Tuesday and saw a decline in sales as cash-strapped consumers curb purchases.

China?s car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives said.

Yahoo has a fundamental decision to make, say analysts. Does it want to remain an independent company, or should it sell some or all of itself to another Internet player?

The prices of existing single-family homes prices fell 9 percent in the third quarter compared with the period a year ago, weighed down by foreclosure sales, a trade group report showed.

HSBC announced that it would cut 500 jobs in Asia. And Citigroup?s roughly 50,000 employees in the were faced with the reality that some of job cuts announced Monday could hit them.

Reuters - Chief executives of leading U.S. companies called for a fiscal stimulus package worth at least $300 billion and urged president-elect Barack Obama to swiftly name his economic team.

The heads of the Big Three automakers pleaded for emergency government aid to stave off potential collapse, but it appeared they had not persuaded enough lawmakers to move quickly on a bailout.

Unwelcome by dealers and buyers, thousands of cars are being warehoused on crowded port property, creating a vivid picture of a paralyzed auto business.

HSBC announced that it would cut 500 jobs in Asia. And Citigroup?s roughly 50,000 employees in the were faced with the reality that some of job cuts announced Monday could hit them.

When it comes to the nation?s infrastructure, money isn?t the main problem. The bigger problem has been an utter lack of seriousness in deciding how that money gets spent.