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GM asks for $18 billion as it tries to avoid collapse
Published December 2, 2008, 2:51 pm, Hamilton Spectator
Bill Vlasic New York Times News Service WASHINGTON — General Motors will drastically cut jobs, factories, brands and executive pay in a desperate attempt to persuade Congress to give it $12 billion in loans to stave off a financial collapse.
More Jobs, Cleaner Air Coming to Pulaski County
Published December 2, 2008, 2:36 pm, WKYT Lexington
A power plant in southern Kentucky will undergo a major renovation in two years, resulting in hundreds of temporary jobs and pollution control devices to clean the air.
Ford Says CEO Will Work for $1 to Get Government Loans
Published December 2, 2008, 2:14 pm, FOX 2 News Detroit
Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when the Detroit Three automakers' CEOs appear before lawmakers this week to request $25 billion in government loans. Ford CEO Alan Mulally said he'll work for $1 per year if the company has to take any government loan money.
G.M. Asks for $18 Billion as It Tries to Avoid Collapse
Published December 2, 2008, 2:05 pm, New York Times
General Motors said it needed $12 billion in loans and a $6 billion line of credit and that it will cut jobs, factories, brands and executive pay.
GM says it needs $12 billion in loans to survive
Published December 2, 2008, 2:02 pm, International Herald Tribune
In an unabashed plea for an emergency government rescue, GM said Tuesday that it needed $4 billion in immediate federal loans to stay in business after December, and another $8 billion to carry it through the first part of next year.
Much ado about e-mail
Published December 2, 2008, 2:01 pm, CNN
Monday Dec. 1, 2008
Global Woes
Published December 2, 2008, 2:00 pm, Business Standard India
The slowdown in developed markets is having an adverse impact on export oriented and transnational companies. There is no doubt that the world economic outlook has turned unfavourable.
Big 3 outline cuts. Enough for auto bailout?
Published December 2, 2008, 1:50 pm, Orange County Register
Speaker Pelosi predicts there will be a congressional intervention.
Police warn parents about dangers of look-a-like guns after chase
Published December 2, 2008, 1:44 pm, Westmont Reporter Progress
Looking for a gift for that hard-to-buy-for teenager? The Westmont police chief has a suggestion of what not to buy.
Wealthy businesswoman wins record £3m compensation over car crash
Published December 2, 2008, 1:35 pm, Daily Telegraph
A wealthy 74yearold businesswoman has won nearly £3 million in compensation after suffering severe brain damage in a car accident in what is believed to be a record payout for someone of retirement age.
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