Financial news on December 6th, 2008
Business and Financial news
A spokesman for Julius Baer declined to comment on the cause amid reports, attributed to unidentified sources, that it was suicide. Read more..
The struggle to balance innovation with profits distracted G.M. from spotting shifts in the marketplace. Read more..
The carmaker’s owner, Cerberus, has used its deep connections to shape the debate over the foundering automakers to its advantage. Read more..
CNN is close to installing its longtime White House correspondent John King in the host role for its Sunday program “Late Edition.” Read more..
Congress is expected to hold a vote on the short-term rescue plan for American automakers in a special session next week. Read more..
The report overlooked the gray area of the labor market — those not having a job and not looking for one, but interested in working. Read more..
The chief executive of HSBC’s Asian operations called for Asian governments to abandon their guarantees of bank deposits, saying they amount to inappropriate assistance to weak banks. Read more..
Two days of economic dialogue produced a modest stream of achievements, but also served to highlight tensions between the world’s biggest economy and the world’s largest developing one. Read more..
The German auto parts and weapons supplier will eliminate 750 jobs because of slowing automotive demand. Read more..
The market moved higher in the afternoon, led by financial stocks, as Wall Street looked past the worst job losses since 1974. Read more..