Toyota to cut output, Nissan downbeat (Reuters)
Reuters - Reeling from a relentless sales slide, Toyota Motor Corp (7203.T) said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co (7201.T) renewed its pessimism over the industry's near-term prospects.
Publ.Date: Wed, 19 Nov 2008 08:04:58 GMT
Source: Yahoo.com
SEC accuses 4 of inflating bank's portfolio (AP)
AP - Federal regulators on Tuesday accused four people of inflating the value of Bank of Montreal's trading portfolio to falsely enhance its financial results. One of the four pleaded guilty to related criminal charges and agreed to a civil settlement with the Securities and Exchange Commission.
Publ.Date: Tue, 18 Nov 2008 22:02:08 GMT
Source: Yahoo.com
U.S. auto execs plead for Congress to fund bailout (Reuters)
Reuters - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.
Publ.Date: Tue, 18 Nov 2008 23:12:08 GMT
Source: Yahoo.com
Nomura head sees Japan local bank consolidation (Reuters)
Reuters - The head of Nomura Holdings Inc (8604.T), Japan's largest brokerage, said he expects more global acquisitions and consolidation among Japanese regional banks as the financial crisis takes its toll on economies around the world.
Publ.Date: Wed, 19 Nov 2008 08:25:58 GMT
Source: Yahoo.com
Economic gloom deepens in Asia (Reuters)
Reuters - Japan's No.3 bank joined larger rivals seeking to raise funds to counter growing bad loans, deepening the economic gloom in Asia Wednesday, as markets fretted over the fate of the sinking U.S. car industry.
Publ.Date: Wed, 19 Nov 2008 08:27:19 GMT
Source: Yahoo.com
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