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Last updated: 19:58:04 Saturday Oct 11, 2008


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  • Analysts: GM would need cash to acquire Chrysler
    For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.   Activities:2008 Automakers Downturn   Source:(AP)   2008-10-11

    Source: Chrysler, GM discuss merger, acquisition
    General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks.   Activities:2008 Automakers Downturn   Source:(AP)   2008-10-11

    GM shares tumble 31 percent to 58-year low
    Shares of General Motors Corp. lost nearly one-third of their value Thursday, plunging to their lowest level in more than 58 years after Standard & Poor's said the automaker's credit could fall further into junk status due to the "rapidly weakening state" of the global automotive market.   Nations:U.S.   Activities:2008 Automakers Downturn   Source:(AP)   2008-10-09

    Nikkei dives 9.4 percent, biggest 1-day fall since '87
    The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, as growing fears of a global recession led investors to wipe $250 billion off the value of Tokyo shares.   Nations:Japan India Russia   Activities:2007 Global Credit Crunch Japanese Markets   Source:(Reuters)   2008-10-08

    Asian markets mixed after Australia's big rate cut
    SEOUL, South Korea – Asian stocks were mixed Tuesday as a big interest rate cut in Australia helped spur recoveries in several regional markets, sparking hopes that other central banks will lower rates to help loosen the global credit crunch.   Nations:Australia South Korea Japan France   Activities:Asian Markets 2007 Global Credit Crunch   2008-10-07

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  • [2008 Hurricane Ike]: AP Investigation: Ike environmental toll apparent (14:14 10/5)
  • [2007 Global Credit Crunch]: Bush, allies pledge joint action on global crisis (13:13 10/11)
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  • [2007-8 Oil Crisis]: Oil plummets below $83 on global slowdown fears (07:17 10/10)
  • [Afghan Terror War]: Suicide blast kills 32 anti-Taliban tribesmen in Pakistan (22:52 10/10)
  • [European Markets]: European markets plunge again; Nikkei plummets (07:17 10/10)
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    Toyota (product - Lexus)
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