DETROIT - General Motors Corp has said on Friday it would idle three more assembly plants because of parts shortages caused by a strike against its supplier American Axle & Manufacturing .
NEW YORK - The alarm bells of United States recession rang louder on Friday as reports showed business activity in the United States Midwest plummeted in February and consumer sentiment slumped to a 16-year low.
NEW YORK - American International Group , on the heels of reporting its largegest-ever loss, has said on Friday the subprime crisis had thrown it into “uncharted waters” that were likely to remain choppy through 2008.
NEW YORK - Shares of 3Com Corp rose over 20 percent on Friday on investor hopes it could revive a proposed $2.2 billion purchaseout by Bain Capital Partners and China’s Huawei Technologies Co Ltd .
TORONTO - Electronic publisher Thomson has said on Friday its takeover of financial data and news provider Reuters Group has now received all required antitrust and regulatory clearances and is expected to close on April 17.
Freddie Mac and Fannie Mae may have
gotten
good news from their regulator which lifted the corporations’
portfolio caps, but their earnings reports for the year just ended were
pretty devastating. Read More Now
NEW YORK - The dollar fell to a three-year low against the yen on Friday after a weaker than expected reading of a United States Midwest business activity index.
NEW YORK - Cablevision and Ticketmaster are working together to purchase a 49 percent stake in concert promoter AEG Live, The Wall Street Journal reported on Friday.