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Congress to automakers: "Show us a plan"



Washington - Congressional leaders on Thursday charged the three ailing US automakers to present a detailed "path to viability" plan before the companies can get their hands on a 25-billion-dollar emergency loan from the government. General Motors Corp, Ford Motor Co and Chrysler LLC have said they may soon file for bankruptcy if they don't get a government cash infusion, and warned that the failure of just one of the so-called Big Three could have disastrous consequences for the US economy. But efforts to get them emergency funds stalled in Congress this week as...
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New BlackBerry, BlackBerry Storm, Storms Onto The MarketNew BlackBerry, BlackBerry Storm, Storms Onto The Market The release day for Research in Motion’s BlackBerry Storm has...
Zune Offers 10 Songs To SubscribersZune Offers 10 Songs To Subscribers Microsoft has released a new offer that might interest you, if you...
Google's SearchWiki Gets More PersonalGoogle's SearchWiki Gets More Personal Google released on Thursday a new feature for its SearchWiki service,...
Microsoft's Zune Gets A MakeoverMicrosoft's Zune Gets A Makeover Microsoft Corp announced earlier today the release of a new music...
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Subscribe to this feedBusiness
Google's SearchWiki Gets More Personal

Google's SearchWiki Gets More Personal

Google released on Thursday a new feature for its SearchWiki service, which enables users to get...
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Half of Hong Kong businessmen expect recession to last two years

Hong Kong - Half of Hong Kong businesses expect the city's recession to drag on for at least two...
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1,500 laid off at Nikon factory in Thailand as exports slow

Bangkok - Nikon Corp's unit in Thailand laid off 1,500 of its subcontracting staff amid signs that...
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GM scales back production, cuts corporate jets

New York - Suffering US automaker General Motors Corp will again cut its production, the firm said...
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Zune Offers 10 Songs To Subscribers

Zune Offers 10 Songs To Subscribers

Microsoft has released a new offer that might interest you, if you are using their digital music...
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Wal-Mart replaces chief executive

New York - In an unexpected move, Wal-Mart Stores Inc said Friday it would replace its chief...
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Citigroup chief denies reports of breakup

New York - Citigroup chief executive Vikram Pandit on Friday denied reports that the finance giant...
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Sony Pays Agere $18.5 Million for Patent Infringement on PSP

Sony Pays Agere $18.5 Million for Patent Infringement on PSP

Today marked the end of the legal fight between Sony Corporation and Agere Systems (now part of...
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Microsoft Moves for Dismissal in ‘Vista Capable’ Lawsuit

On Thursday Microsoft asked a federal judge to dismiss claims of plaintiffs in the class-action...
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Microsoft Delays The Release Of Its New Browser

Microsoft Delays The Release Of Its New Browser

Microsoft’s plans to release its new Internet Explorer 8 by the end of the year seem to have been...
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