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GM Sales Drop 41 Percent As US Auto Industry Sinks

NEW YORK — Chrysler says its November U.S. sales plunged 47 percent, blaming a slumping industrywide demand and a planned drop in fleet sales. The drop announced Tuesday includes a 59 percent decrease in demand for cars and 42 percent decline in truck sales. Excluding fleet sales, the Auburn Hills, Mich.-based automaker says its November sales fell 36 percent. Chrysler LLC's...

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Now up to 90 per cent off our US site

Here's an offer you can't refuse - there is now up to 90 per cent off everything at our US site . No, we're not kidding - just call it an early holiday gift. Enjoy.

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NZ stocks: Shares fall by 1 per cent

New Zealand shares fell 1 per cent as they took the hint from sharp losses in markets overnight, but they resisted the heavy declines in markets closer to home. The benchmark NZSX-50 index closed down 31.78 points, or 1.2 per cent,...

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Safari Market Share Tops 7 Percent

Safari's Market share has reached over 7 percent, according to net applications, a online research firm. Mozilla Firefox posted a 1 percent increase in market share to claim 20 percent of the market. Internet Explorer continues to slowly lose market share now just below 70 percent.

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Consumer Reports Survey: 56 Percent of Americans Think U.S. Needs to Help Citizens More in Tough Economy

Consumer Reports' latest national survey finds that more than half (56%) of respondents think that government hasn't done enough for them in these tough economic times. Only 17 percent of those polled said the government needs to do more for banks and financial institutions. In the poll, 29 percent said the government went too far in bailing out the financial industry. Thirty-nine percent...

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Ford November Sales Drop 30 Percent

Ford, Lincoln and Mercury dealers reported total sales of 118,818 units this November, down 30 percent compared to a year ago. Ford’s spin on the news is that “estimated industry-wide sales” were down 35 percent, meaning Ford actually gained market share. But let’s look at the reality. The Ford nameplate is down 18.5 percent, with [...]

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GM’s November U.S. sales drop 41.3 percent

General Motors reported U.S. sales for November Tuesday that tumbled 41.3 percent, as a continued slump in consumer spending continued to weigh on the U.S. automotive industry.

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Consumer Reports Survey: 56 Percent of Americans Think U.S. Needs to Help Citizens More in Tough Economy

But back on Main Street, the rescue plan may seem like a bitter pill because the money is going to the financial institutions that many see as the cause of the problem. The people CR polled blamed several factors for the economic crisis, including poor lending practices by banks and mortgage companies (27 percent), lack of government oversight (26 percent), Wall Street greed (19 percent),...

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58 Percent of Women Employed in Informal Industries

According to an International Finance Corporation (IFC) report, the country also has 42 percent of enterprises headed by women.

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Taiwan stocks slump 4 per cent on tech and Wall Street woes

Taipei - Taiwan's stocks fell nearly 4 per cent on Tuesday, weighed down by bearish sentiment over the grim outlook of local technology and Wall Street's overnight losses. The TAIEX index opened sharply lower in response to huge overnight loss on Wal...

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Bulgarian bank assets shrank 1.1 per cent monthonmonth in tight conditions in October 2008

The assets of Bulgarian banks dipped 1.1 per cent to 68.6 billion leva in October 2008 compared to September against the backdrop of the global financial crisis, central Bulgarian National Bank data showed.

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November Auto Sales: Ford sales fall 30 percent

Ford Motor says its U.S. sales tumbled 30 percent in November amid a continued rapid deceleration in the nation's car market.

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Transafe Services profit up 130 percent

Logistics equipment provider Transafe Services Ltd posted a growth of 55 percent in turnover and 130 percent in profit after tax (PAT) in the first six months this fiscal compared to the year-ago period, the company announced here Tuesday.

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IE share slips under 70 per cent, Firefox surges past 20 per cent

Safari increase biggest in the last two years for Apple's browser The market share of Microsoft’s Internet Explorer (IE) dropped under the 70 per cent mark last month for the first time since Web metrics vendor Net Applications started keeping tabs on browsers, the company said on Monday.