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Obama seeks stimulus as jobs die and carmakers bleed

NEW YORK (Reuters) - President-elect Barack Obama called for urgent passage of a U.S. stimulus package to reinvigorate a faltering economy that saw U.S. unemployment hit a 14-year high on Friday while U.S. automakers reported billions in losses.

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Obama seeks stimulus as jobs die and carmakers bleed

GM and Ford losses, cash burn dire

DETROIT (Reuters) - General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.

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GM and Ford losses, cash burn dire

U.S. jobs data poor but shares stay up

NEW YORK (Reuters) - Wall Street and European shares rose on Friday as investors were relieved that U.S. jobs figures did not live up to pessimists’ worst fears after a deluge of horrific economic reports …

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U.S. jobs data poor but shares stay up

Hyundai and Chrysler in talks as GM pulls out

NEW YORK/DETROIT (Reuters) - South Korea’s Hyundai Motor Co has had talks with Chrysler LLC owner Cerberus Capital Management about a potential acquisition of the U.S. automaker’s Jeep brand and possibly other assets, people with knowledge of the talks said on Friday.

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Hyundai and Chrysler in talks as GM pulls out

Obama seeks stimulus as jobs die

NEW YORK (Reuters) - President-elect Barack Obama called for urgent passage of a U.S. stimulus package to reinvigorate a faltering economy …

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Obama seeks stimulus as jobs die

Oil rises as U.S. jobs data hits dollar

NEW YORK (Reuters) - Oil rose slightly on Friday as the dollar slumped following bleak employment data in the United States, the world’s top energy consumer.

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Oil rises as U.S. jobs data hits dollar

BA eyes commercial deal with Alitalia

MILAN (Reuters) - British Airways is interested in a commercial alliance with Italian flag carrier Alitalia , its chief executive Willie Walsh told the Financial Times online edition.

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BA eyes commercial deal with Alitalia

GM sees cash running out as U.S. jobless rate soars

NEW YORK (Reuters) - U.S. unemployment hit a 14-year high while U.S. automakers reported billions in losses on Friday, increasing the stakes for European leaders and U.S. President-elect Barack Obama to curb the financial crisis.

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GM sees cash running out as U.S. jobless rate soars

GM and Ford losses worse than expected, burning cash

DETROIT (Reuters) - General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.

Excerpt from:
GM and Ford losses worse than expected, burning cash

Carmakers awash in losses as U.S. jobless rate soars

NEW YORK (Reuters) - U.S. unemployment hit a 14-year high while U.S. automakers reported billions in losses on Friday, increasing the stakes for European leaders and U.S. President-elect Barack Obama to curb the financial crisis.

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Carmakers awash in losses as U.S. jobless rate soars