• Luxury groups set to hunker down as moderation rules

    Luxury groups set to hunker down as moderation rules

    11/06/2009 05:00

    Shoppers look at a Chopard shop window display on Rue du Rhone in Geneva, Switzerland Luxury goods groups need to brace themselves for at least two more years of pain, with big-ticket items such as cars and...

  • GM suspends production of Chevy Malibu hybrid

    GM suspends production of Chevy Malibu hybrid

    11/06/2009 05:00

    The largest U.S. automaker General Motors Corp., which filed for bankruptcy protection on June 1, decided on Thursday to suspend production of the Chevrolet Malibu hybrid due to poor sales. A piece of news about the General Motors Corp. filing...

  • Iran’s presidential election still unpredictable amid tight race

    Iran’s presidential election still unpredictable amid tight race

    10/06/2009 05:00

    Two front-runners in the race for Iran’s next presidency — incumbent President Mahmoud Ahmadinejad and former Prime Minister Mir-Hossein Mousavi — seemed to have no favorite odds-on as their close contest entered the last day. Supporters of...

  • Reports: U.S. Holocaust Museum shooter is white supremacist

    Reports: U.S. Holocaust Museum shooter is white supremacist

    10/06/2009 05:00

    The man who fired guns in the U.S. Holocaust Memorial Museum in Washington, D.C. on Wednesday was an 88-year-old white supremacist, said law enforcement officials. Washington, DC, police officers block the street leading to the main entrance of...

  • Chrysler completes sales of assets to Fiat

    Chrysler completes sales of assets to Fiat

    10/06/2009 05:00

    Chrysler LLC, the third largest U.S. automaker that filed for bankruptcy protection at the end of April, has completed its sales of assets to a new group headed by Italian auto giant Fiat, allowing for the formation of a new automaker — Chrysler Group LLC....

  • Fiat forms sixth-largest carmaker with takeover of Chrysler

    10/06/2009 05:00

    Fiat SpA and partners bought most of Chrysler LLC’s assets, creating the world’s sixth-largest carmaker in Chief Executive Officer Sergio Marchionne drive to survive the recession by establishing a global presence. Fiat, Italy’s biggest...

  • Japan’s economy hopes hit by fall in prices, machine orders

    Japan’s economy hopes hit by fall in prices, machine orders

    10/06/2009 05:00

    A worker assembles a Toyota Motor Corp. vehicle on the production line of the company’s Tsutsumi plant in Toyota City, Aichi Prefecture. Hopes for recovery in the Japanese economy were dented Wednesday as data...

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