DETROIT (Reuters) - General Motors' <GM.UL> new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized ... More
DETROIT (Reuters) - General Motors' <GM.UL> new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year. Akerson, 61, is the fourth CEO ...More
NEW YORK (Reuters) - Lehman Brothers Holdings Inc <LEHMQ.PK>, the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show. Lehman asked a Federal bankruptcy court judge ...More
NEW YORK (Reuters) - Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld an anti-takeover "poison pill" put in place by bookseller Barnes & Noble Inc <BKS.N>. Burkle, whose Yucaipa Companies firm owns 18.8 percent of Barnes & Noble's shares and is its second largest shareholder ...More
WASHINGTON/NEW YORK (Reuters) - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately. CFTC commissioner Scott O'Malia told Reuters on Thursday that ...More
CHICAGO (Reuters) - Boeing Co <BA.N> reiterated on Thursday that it expects North America airlines to take delivery of about 7,200 new planes over the next 20 years at a value of about $700 billion. Boeing, the world's second-largest commercial plane-maker after Airbus <EAD.PA>, said new airplane ...More
MILWAUKEE, Wis. (WTAQ) - Factories were busier last month – and at least some Wisconsin investment analysts do not believe the economy will fall into another recession. The Institute for Supply Management said its national manufacturing index grew by just under a point in August to 56.3. Anything above 50 indicates ...More
WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in July, increased 5 ...More
