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Archive for August 2nd, 2008US auto sales slam on brakes in JulyPosted by UK Economy News
In UK financial news
2Aug 08 US auto sales braked hard in July, automakers said Friday, as consumers avoided big-ticket spending in the face of rising unemployment, falling home prices and tight credit.
Read full story Incentives help lift Canada auto sales in JulyPosted by UK Economy News
In UK financial news
2Aug 08 Canadian auto sales bucked the negative trend in the United States in July, rising 5 percent on the month, and are now up 2.7 percent so far this year.
Read full story Comments Off U.S. July auto sales spiral to 16-year lowPosted by UK Economy News
In UK financial news
2Aug 08 U.S. auto sales plunged to a 16-year-low in July, led by a 27 percent drop at General Motors Corp , as high gas prices and tight credit sent the industry into a tailspin.
Read full story Comments Off GM posts $15.5 billion loss as sales sputterPosted by UK Economy News
In UK financial news
2Aug 08 General Motors Corp reported a $15.5 billion quarterly loss on Friday as North American sales dropped by 20 percent and resale prices for SUVs coming off lease plunged.
Read full story Comments Off Car industry gloom descends on GM, BMW, NissanPosted by UK Economy News
In UK financial news
2Aug 08 The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion (7.8 billion pounds), BMW warned on profits and Nissan earnings missed expectations by a wide margin.
Read full story Comments Off One of Austria’s last privately owned lakes, Mondsee, is up for salePosted by UK Economy News
In UK financial news
2Aug 08 Hidden in a sea of greenery and tucked away between the mountains of the Salzkammergut region near Salzburg, one of Austria's last privately-owned lakes, the Mondsee or Moon Lake in German, is up for sale.
Read full story Comments Off Yahoo board re-elected after blasting by shareholdersPosted by UK Economy News
In UK financial news
2Aug 08 Yahoo executives were resoundingly re-elected after being berated by shareholders over failed takeover talks with Microsoft and for exposing Internet dissidents to Chinese officials.
Read full story Comments Off Time Warner says ex-AOL CEO can’t join Yahoo boardPosted by UK Economy News
In UK financial news
2Aug 08 Time Warner Inc said on Friday a non-compete clause in former AOL Chief Executive Jonathan Miller's contract prevents him from joining Yahoo Inc's board until March 2009.
Read full story Comments Off Yahoo board wins solid shareholder backing in votePosted by UK Economy News
In UK financial news
2Aug 08 Yahoo's board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry Yang, the company's embattled CEO, receiving 85 percent of the vote in his favour.
Read full story Comments Off Alaska lawmakers OK TransCanada natgas pipelinePosted by UK Economy News
In UK financial news
2Aug 08 TransCanada on Friday won Alaskan legislative approval to build and operate a huge pipeline to ship natural gas from the North Slope to a network feeding domestic markets.
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