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GM shares hit 65-year low amid liquidity concerns

DETROIT, Nov. 11, 2008 (Reuters) — General Motors Corp shares plummeted to a 65-year low on Tuesday, extending recent steep declines on concerns the automaker might run desperately short of cash by early next year. ...  > full story

NRG rejects $6.08 bln Exelon bid

NEW YORK, Nov. 9, 2008 (Reuters) — Power producer NRG Energy Inc on Sunday rejected an unsolicited $6.08 billion takeover offer from utility owner Exelon Corp , saying the offer "significantly undervalues" the company. ...  > full story

Lloyds TSB backs HBOS with $16 billion loan: report

LONDON, Nov. 9, 2008 (Reuters) — British bank Lloyds TSB Group Plc is providing financial support to its takeover target HBOS Plc through a 10 billion pound ($16 billion) loan facility, Britain's Sunday Times reported. ...  > full story

Big economies eye China to help fight recession

SAO PAULO, Nov. 9, 2008 (Reuters) — The world's biggest economies turned to China on Sunday to help soften an expected recession in many countries as Beijing approved a huge stimulus plan, the latest twist in a global effort to boost growth. ...  > full story

Lockheed touts jets to Israel, flush with U.S. aid

TEL AVIV, Nov. 9, 2008 (Reuters) — Lockheed Martin Corp, the U.S. maker of the F-35 Joint Strike Fighter, is lobbying Israel, which has largely weathered the global financial crisis and has ample U.S. defense aid, to close a deal for the jet. ...  > full story

Glimpse into a new financial system

LONDON, Nov. 9, 2008 (Reuters) — Investors get a first glimpse of the likely shape of the new global financial system this week as finance chiefs prepare for a summit of world leaders fighting the worst world financial crisis in 80 years. ...  > full story

Deutsche Post's U.S. plans threaten 40,000 jobs: report

FRANKFURT, Nov. 9, 2008 (Reuters) — Some 40,000 Deutsche Post in the United States are at risk as the group steps up plans to turn round its loss-making DHL express delivery company there, a German newspaper report said on Sunday. ...  > full story

Roche sticks by $43.7 billion Genentech bid: report

ZURICH, Nov. 9, 2008 (Reuters) — Roche Holding AG is sticking by its $43.7 billion offer to buy out the rest of Genentech Inc it does not already own, its pharmaceuticals chief said in an interview published on Sunday. ...  > full story

Deutsche Post to curtail U.S. expansion: WSJ

NEW YORK, Nov. 8, 2008 (Reuters) — Deutsche Post AG , the German parent of delivery company DHL, is expected to announce on Monday that it will sharply curtail its planned U.S. expansion, The Wall Street Journal reported on its Web site on Saturday. ...  > full story

No-nonsense banker at helm of Pakistan's economy

KARACHI, Nov. 8, 2008 (Reuters) — Shaukat Tarin, Pakistan's top economic official, is known as a hard-headed straight-talker who loves a challenge. ...  > full story
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