General Motors board reportedly weighing bankruptcy option

November 21, 2008 on 11:55 pm | In Business News | No Comments

WASHINGTON (Reuters) - The board of directors of embattled U.S. automaker General Motors Corp is considering “all options” including bankruptcy, according to a report on the Wall Street Journal’s website late on Friday.

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General Motors board reportedly weighing bankruptcy option

Citigroup talking to U.S. government as shares dive

November 21, 2008 on 10:39 pm | In Business News | No Comments

NEW YORK (Reuters) - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank’s ability to survive, a person familiar with the matter said.

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Citigroup talking to U.S. government as shares dive

U.S. Stocks rebound on rate cut hopes

November 21, 2008 on 10:33 pm | In Business News | No Comments

LONDON (Reuters) - World stocks rebounded from a 5-1/2 year low on Friday and oil rose above $50 as expectations of further interest rate cuts helped to cushion deepening gloom about the broader economy.

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U.S. Stocks rebound on rate cut hopes

Citigroup talking to U.S. govt as shares dive

November 21, 2008 on 9:53 pm | In Business News | No Comments

NEW YORK (Reuters) - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank’s ability to survive, a person familiar with the matter said.

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Citigroup talking to U.S. govt as shares dive

Citigroup reportedly talking to U.S. govt about options

November 21, 2008 on 8:57 pm | In Business News | No Comments

NEW YORK (Reuters) - Citigroup Inc has been talking in recent days to the U.S. Treasury Department and the Federal Reserve about its options as its share price sinks, a person familiar with the matter said.

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Citigroup reportedly talking to U.S. govt about options

Citigroup shares drop and CEO plans to keep Smith Barney

November 21, 2008 on 7:12 pm | In Business News | No Comments

NEW YORK (Reuters) - Citigroup Inc shares tumbled for a fifth straight day on doubts about its survival prospects after its chief executive downplayed speculation the bank might sell major businesses or merge …

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Citigroup shares drop and CEO plans to keep Smith Barney

GM cuts output and jets as U.S. demands turnaround plans

November 21, 2008 on 7:04 pm | In Business News | No Comments

DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion (16 billion pounds) in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets.

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GM cuts output and jets as U.S. demands turnaround plans

Obama moves to pick Geithner for Treasury

November 21, 2008 on 5:48 pm | In Business News | No Comments

CHICAGO (Reuters) - President-elect Barack Obama on Friday moved towards nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping pull …

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Obama moves to pick Geithner for Treasury

U.S. stocks surge on Obama pick

November 21, 2008 on 5:22 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. stocks surged and the dollar jumped on Friday on reports that President-elect Barack Obama has chosen his point person to combat the worst U.S. economic crisis in 80 years, giving hope to …

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U.S. stocks surge on Obama pick

Bailout debate simmers as GM pares output

November 21, 2008 on 4:45 pm | In Business News | No Comments

DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion (16 billion pounds) rescue as …

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Bailout debate simmers as GM pares output

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