Member 3206


Chrysler to shut minivan plant as sales slump (Reuters)

01-07-2008 08h41
Reuters - Chrysler LLC will shut its St Louis minivan plant, cutting production of its top-selling vehicle and 2,400 factory jobs in a sign of the automaker's troubles with a market reeling from record gas prices.

Florida sues Countrywide over mortgages (Reuters)

01-07-2008 08h50
Reuters - Florida sued mortgage lender Countrywide Financial Corp on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.

Ford had talks with Renault to sell Volvo: sources (Reuters)

01-07-2008 07h25
Reuters - Ford Motor Co has had exploratory talks with French automaker Renault SA to sell Volvo, but the talks ended quickly due to price differences, sources briefed on the matter told Reuters.

Dow ends flat but suffers worst 1st half since '70 (Reuters)

01-07-2008 06h00
Reuters - The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit losses.

GM, Ford shares decline ahead of June sales report (Reuters)

01-07-2008 02h32
Reuters - Shares of General Motors Corp tumbled to a 54-year low while smaller rival Ford Motor Co shares fell as much as 10 percent on Monday on concerns record oil prices would further hit U.S. demand for vehicles.

Economy - Monday (Investor's Business Daily)

01-07-2008 07h47
Investor's Business Daily - Treasury Sec'y Henry Paulson will reveal more details about his accelerated plans for the Fed to assume a larger regulatory role in maintaining financial-system stability in a London speech Wed. "I will be expanding on the role of the Fed as a macro stability regulator to look across the entire financial system, but will be emphasizing how this just has to be paired with market discipline," he told reporters.
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