US auto sales drop in 2008, recovery unclear
Tuesday, January 06, 2009
DETROIT (AP) -- After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a recovery might occur....
Stock futures regain momentum ahead of data
Tuesday, January 06, 2009
NEW YORK (AP) -- Wall Street headed for a moderately higher open Tuesday, regaining its momentum ahead of a fresh round of readings on the service sector, factory orders and pending home sales....
Ukraine gas official: Talks to resume
Tuesday, January 06, 2009
KIEV, Ukraine (AP) -- The head of Ukraine''s gas company Naftogaz says talks on resolving the gas dispute with Russia will resume Thursday....
Macrovision sells TV Guide assets to Lions Gate
Tuesday, January 06, 2009
LOS ANGELES (AP) -- Macrovision Solutions Corp. has canceled its deal to sell the TV Guide Network and TVGuide.com for $255 million to Allen Shapiro and One Equity Partners, and will instead sell them to movie studio Lions Gate Entertainment Corp. for the same price but better terms....
Oil above $48 as investors eye Gaza conflict, OPEC
Tuesday, January 06, 2009
SINGAPORE (AP) -- Oil prices remained above $48 a barrel Tuesday in Asia amid signs OPEC is implementing announced production cuts and as Israel''s ground offensive in Gaza kept tensions high in the oil-rich Middle East....
Nation's health spending rises, but not so much
Tuesday, January 06, 2009
WASHINGTON (AP) -- Health care continued to take up a greater share of the economy in 2007, as spending on hospitals, doctors and other services increased 6.1 percent to $2.2 trillion....
European stocks lifted by retailers, automakers
Tuesday, January 06, 2009
LONDON (AP) -- European stock markets rose modestly Tuesday despite Wall Street''s setback from the day before as some relatively positive corporate news helped offset concerns about the global economy....
Toyota to suspend production for 11 days in Japan
Tuesday, January 06, 2009
TOKYO (AP) -- Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation''s top automaker as it grapples with shrinking global demand....
