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GM loses $1 billion, will cut 25,000 jobs
Sun StaffGeneral Motors Corp., a symbol of American industrial might a half-century ago when it became the first U.S. company to make $1 billion in a year, announced plans yesterday to cut 25,000 jobs after losing more than $1 billion in the first quarter of...Tags: Medical Services, Stock Market, Economic Policy, General Electric Company, Employees
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UPDATE 2-Delphi offers $972 mln for FCI's motorized vehicles segment
Reuters* Co says acquisition to add about $0.24/shr to 2013 earnings * Sees total annual synergies of $80 million * Delphi shares up 3 percent May 24 (Reuters) - Auto-parts maker Delphi Automotive Plc made a binding offer to buy FCI Group's motorized vehicles...Tags: Goldman Sachs, Manufacturing and Engineering, Automotive Equipment, Stock Market, Toyota
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UPDATE 1-Toyota plans 8 compacts for emerging markets
Reuters* Toyota looks to lower dependence on mature markets * Aims to sell half of its vehicles in emerging mkts by 2015 TOKYO, May 25 (Reuters) - Toyota Motor Corp said on Friday it would roll out eight compact car models tailored for emerging markets by 2015...Tags: Passenger Cars, Manufacturing and Engineering, India, Japan, Automotive Equipment
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Toyota plans eight compacts for emerging markets
ReutersTOKYO (Reuters) - Toyota Motor Corp said on Friday it would roll out eight compact car models tailored for emerging markets by 2015 in an attempt to catch up to front-runners such as Volkswagen AG and General Motors Co . Toyota, which lost the crown as...Tags: Passenger Cars, India, Manufacturing and Engineering, Japan, Automotive Equipment
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INTERVIEW-India's Mahindra taps Korean arm to crack China
Reuters* Ssangyong needs success in China before Mahindra entry * Mahindra to announce entry into U.S. car market soon * Mahindra to build new $540 mln India factory by 2014 By Henry Foy MUMBAI, May 24 (Reuters) - India's Mahindra & Mahindra is finding it...Tags: Tata Motors, India, Manufacturing and Engineering, Plant Openings, Automotive Equipment
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US CORP BONDS-OPEN Single-digit volume looms for high-grade
ReutersBy Andrea Johnson May 22 (IFR) - Unless issuers step forward on Tuesday, the US high-grade market is likely facing another single-digit week of volume, with only USD1.25bn logged so far and the holiday weekend looming. The investor base did not seem...Tags: Auction Service, HSBC Holdings plc, Morgan Stanley Dean Witter & Company, Europe, Italy
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S.Korea may limit exports to Iran on payment concerns -sources
Reuters* South Korea considers quotas on exports, sources say * Exports to Iran at $1.7 bln in 2012 Q1, up 49 pct y/y * Imports from Iran at $2.9 bln in 2012 Q1, up 4 pct y/y * Q1 Iranian crude imports at $2 bln, down 13 pct y/y By Ju-min Park and Meeyoung...Tags: Exports, Seoul (South Korea), European Union, Samsung Group, Iran
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Automakers rev up new model rollout in US - study
Reuters* Ford, GM to have highest replacement rates for MY 2013-2016 * Industry to launch average 44 models a year, up from 38 * New models drive traffic, boosting share, profits By Deepa Seetharaman DETROIT, May 16 (Reuters) - Major automakers will launch...Tags: Passenger Cars, Kia, Fiat, Ford, Ford Motor Co.
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UPDATE 1-Samsung loses $10 bln mkt value on Apple order report
Reuters(Changes slug (pvs HYNIX/APPLE) * Samsung down 6.2 pct, biggest fall in nearly 4 years * SK hynix slides 9 pct * DigiTimes reports big Apple chip order for Elpida * Greek uncertainty also dragging down shares SEOUL, May 16 (Reuters) - Shares in...Tags: Electronics, Japan, Seoul (South Korea), Bankruptcy, Samsung Group
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As sales accelerate, Toyota goes to war on waste
ReutersBy Chang-Ran Kim and Kentaro Sugiyama TOKYO, May 9 (Reuters) - For three years, Akio Toyoda has had to steer Toyota Motor Corp through one crisis after another, from a damaging safety recall that took up to 10 million cars off the road to last year's...Tags: Passenger Cars, Technology, Japan, Plant Openings, Audi
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UPDATE 2-Toyota to treble profit this year, trim costs
Reuters* Q4 op profit 238.5 bln yen vs 46.1 bln yen yr-ago * Q4 net profit 121 bln yen vs 25.4 bln yen yr-ago * Sees 2012/13 op profit of 1 trln yen vs 355.6 bln yen * Sees operating margin of 4.5 pct this yr vs 1.9 pct last yr * Toyota shares close flat...Tags: Passenger Cars, Natural Disasters, Japan, Audi, Earnings Forecasts
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US CORP BONDS-OPEN Brisk session expected despite backdrop
ReutersBy Andrea Johnson May 9 (IFR) - Market players indicated the US high-grade bond market will be active on Wednesday with some big trades likely, even though the backdrop has been horrible and risk is off again this morning. The theme on Tuesday was...Tags: Forests, Auction Service, Italy, Europe, Stock Market
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May 24, 2012
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