GM turns away from SUVs
Jun. 3 - In a bid to stem slumping sales, General Motors said it will curtail production of SUVs...
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Wall St. spirits lifted by Wal-Mart
Jun. 5 - U.S. stocks posted solid gains on Thursday after better-than-expected monthly sales...
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GM sets new revival plan
Jul 15 - General Motors announced plans to cut $10 billion in costs and repair its balance sheet...
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Toyota to cut sales - media
July 16 - World No. 1 Toyota will cut its global car sales target, because of a weak U.S....
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The jet set braces for turbulence
Jul 16 - Sales of private business jets have enjoyed rapid growth in recent years buoyed by...
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The death of the mighty SUV?
Jul. 17 - Amid record gas prices, SUV and truck sales stall in the U.S.
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European carmakers defy gloom
Jul 23 - Volkswagen, Peugeot Citroen and Fiat issue surprisingly strong results due to...
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Housing slump revives economic fears
Jul. 24 - The biggest drop in existing home sales in 10 years reignited worries about the...
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The hottest way around town
Jul. 24 - Scooters sales are on the rise as motorists look to save money and get around town
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New home sales surprise
Jul. 25 - Better than expected new home sales report comes a day before the US Senate is expected...
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A glimmer of light for US housing?
Jul. 25 - New home sales suggest some relief, though foreclosures worsen, ahead of a Senate vote...
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GM Posts $15.5 Billion 2nd-quarter Loss
General Motors said its losses widened to $15.5 billion in the
second quarter as North American...
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Oil drops despite Russia conflict
Crude oil prices dropped on Monday even as the military conflict between Russia and its neighbor...
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Retail Sales Drop for First Time in 5 Months
Retail sales fell in July, the weakest
performance in five months, as shoppers shunned autos and...
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Stores Sell Low To Profit
Discount stores are attracting consumers with massive bargains that
sell items at a loss. Experts...
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High altitude wine
Bolivia has some of the highest vineyards in the world, now it wants its wine sales to...
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Puma not counting on a 'gold rush'
Despite ties to the fastest man in the world, Usain 'Lightning' Bolt, Puma foresees slower sales as...
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Oil up for 4rth straight session
Asia investors eyed rising oil prices and weak global economies on Thursday.
Phone giant...
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China, India car sales slow
A sudden slowdown in Chinese and Indian car sales threatens to shrink the global market, meaning...
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Auto sales go off a cliff
US automakers reported double digit drops in year over year auto sales, with few signs of...
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Recession on the runway
New York Fashion Week opens with designers interpreting the troubled economy in different...
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Bush not planning new stimulus
The White House denied it is working on a second economic stimulus package on the heels of last...
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Russian hunger for supermarkets
Russian consumers seem to have an unsatisfied appetite for large format supermarkets and...
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Paulson's $700B sales job
Treasury Secretary Paulson heads to Capitol Hill where he hopes to convince lawmakers to back a...
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Forecast: No Holiday Cheer for Retailers
The National Retail Federation today released its forecast for the
upcoming 2008 holiday season,...
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New Home Sales Fall, Unemployment Rises
A trifecta of bad news about the economy raised new worries about a
possible recession and...
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Credit crunch slams auto sales
The credit crunch has made vehicle financing hard to get in the United States, and that is...
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Nintendo DSi fails to wow
Nintendo shares fell sharply Friday after its new camera- and music-equipped DSi handheld console...
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Luxury cars losing their shine?
As top automakers warn of tough times ahead, even luxury brands are coming under...
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Safe sales soar
Safe as houses - customers look for new places to keep their cash in case of a banking...
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Credit crisis pressures Ford and GM
Reuters editor Patrick Fitzgibbons says that the credit crisis is putting immense pressure on US...
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G7 aims to sell financial fix
As the G7 meets to address the financial crisis, some analysts say the problem is not their...
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Retail data hikes
Retail sales figures for September came in much worse than expected exacerbating worries of a...
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Bleak retail sales data
Consumers pulled way back on spending last month, more than economists predicted. The data...
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Dow plunges below 8,600
A bleak September retail sales report ignited recession fears and sent stocks sharply lower...
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Bernanke talks of second stimulus
U.S. Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government...
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Markets zig-zag, oil drops
Good news about September new homes sales gives U.S. stocks a brief boost.
Oil hits a 17...
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Japan carmakers deal with U.S. woes
Most Japanese carmakers shook off the worst overall U.S. sales month in 25 years, with only...
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Gloom offsets UK rate slash
Wall Street followed European stocks sharply lower early Thursday as investors fear rate cuts may...
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Global car sales shrink
Auto sales hit 25-year low, Toyota say earnings will plunge to nine-year low.
The past month...
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Retailers fan economic fears
Dismal October sales figures from U.S. retailers reminded investors of the economic hardships...
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Shopping out of style
Americans are putting the brakes on their shopping habit.
Shopping is a sport no more for...
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Global data adds to anxiety
A slew of negative readings from China, Japan and Britain compounded global recession...
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Grim data sees markets tumble
Investors look for answers at G20 summit on Saturday as European data stays on a downward...
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Biggest retail sales drop on record
October saw the largest one-month fall in U.S. retail sales, government figures showed, as job...
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Wall St. down on retail slump
U.S. stocks fell 5 percent after the biggest monthly drop in retail sales cast a dark shadow over...
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Cars sold 2 for 1 as sales crash
As car sales plummet, one UK website is offering 2 for 1 car deals on new autos.
Simon Empson...
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German business morale plunges
France's Sarkozy and Germany's Merkel discuss the financial crisis as more gloomy economic data...
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Mixed reactions to EU cash plan
Unions fear the 260 billion dollar scheme to bolster the bloc's flagging economies may not be...
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Economy: little to be thankful for
The U.S. economy inspired little confidence as Americans prepared for their annual holiday of...
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Respite for some UK homeowners
Britain's Royal Bank of Scotland promises six-months grace for struggling homeowners for up to a...
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Christmas cheer for shoppers?
German shoppers aren't letting recession scare them away from stores in the run-up to Christmas,...
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Car sales head down hill
The latest figures add to the misery of the world's car makers as they face a battle for...
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Cyber Monday traffic "solid"
U.S. online retailers report solid web store traffic on Cyber Monday.
Target says half-day...
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Credit Suisse cuts 650 jobs in UK
Swiss banker Credit Suisse and the UK's HSBC bank are axing hundreds of jobs in Britain.
New...
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UK holiday retail sales tumble
Nervous British retailers fail to attract pre-Christmas shoppers as November Retail Sales figures...
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Auto rescue talks continue
Lawmakers continued to negotiate a draft plan for a $15B rescue package for the auto...
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The end nears for Woolies
British retailer Woolworths starts closing down sales and could shut if a buyer for the troubled...
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Closing sale begins at Woolworths
Sales got under way at more than 800 branches of the ailing UK retailer Woolworths as thousands...
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Xmas crunch
The global economic crisis has prompted many holiday shoppers to pull back even in Spain's famed...
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Toyota eyes cost cuts
Toyota is looking to cut billions in costs amid the worst car market in decades, suspending new...
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European car sales tumble
Carmakers cut output as Europe sales fall 26 percent.
Volkeswagen's Spanish auto maker Seat...
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Car sales worst since 19'74
U.S. automakers posted the biggest annual sales drop in more than three decades as fear of...
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Chrysler, Toyota, Lead Declines in Auto Sales
U.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets....
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Japan spending slides
The slowdown in the world's No.2 economy has been staggering and nowhere more so than at its...
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