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Car sales slide shows auto crisis worsening

MILAN, Dec. 1, 2008 (Reuters) — Car makers reported tumbling sales across Asia and Europe on Monday as the recession drove buyers from showrooms and drew a warning of more gloom next year. ...  > full story

Citigroup shares jump, more than double this week

NEW YORK, Nov. 28, 2008 (Reuters) — Citigroup shares soared on Friday, and more than doubled this week, as investors expressed relief that the second-largest U.S. bank by assets won a government bailout, and separately might not have to suffer big losses from helping to fund a giant leveraged bailout. ...  > full story

World stocks headed toward 6th session of gains

LONDON, Nov. 28, 2008 (Reuters) — Global stocks headed toward a sixth consecutive session of gains on Friday, although European shares were weak, as investors took some comfort from government moves to stimulate a deteriorating world economy. ...  > full story

GM asks government to block public tracking of jet

NEW YORK, Nov. 27, 2008 (Reuters) — General Motors Corp , whose chief executive was blasted last week by U.S. lawmakers for flying on a private jet to ask for public funds, has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases. ...  > full story

Judge urges Bank of NY, Russia to settle lawsuit

MOSCOW, Nov. 27, 2008 (Reuters) — The judge hearing the Russian government's $22.5 billion lawsuit against the Bank of New York Mellon said on Thursday that the case should be settled out of court. ...  > full story

GM mulls shedding Pontiac to win aid: report

NEW YORK, Nov. 26, 2008 (Reuters) — The automaker General Motors Corp is mulling whether to shed its Pontiac, Saab and Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News said on Wednesday, citing people familiar with the matter. ...  > full story

Consumers cut spending

NEW YORK, Nov. 26, 2008 (Reuters) — Housing, consumer spending and business investment all weakened sharply last month as the dizzying downward spiral of the world's largest economy gathered speed, data showed on Wednesday. ...  > full story

Treasury consulting Obama team on credit plans

WASHINGTON, Nov. 26, 2008 (Reuters) — The U.S. government will need a variety of programs to deal with troubled credit markets and is open to feedback from the incoming Obama administration in developing them, a senior U.S. Treasury official said on Wednesday. ...  > full story

U.S. jury retires in case over Chevron Nigeria clash

SAN FRANCISCO, Nov. 25, 2008 (Reuters) — A jury began deliberating on Tuesday on whether Chevron Corp is liable for a death and injuries among Nigerians in a clash that ended their three-day occupation of an offshore oil platform a decade ago. ...  > full story

Banks want clarity soon on fair value accounting

WASHINGTON, Nov. 25, 2008 (Reuters) — Banks on Tuesday pleaded with regulators to immediately clarify fair value accounting rules and said failure to do so would negate the government's efforts to shore up the financial sector. ...  > full story
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