Auto industry downsizing nears 150,000 jobs amid Detroit cuts
Chrysler boosts planned layoffs beyond 25,000, joining GM Ford and Delphi in a broad downsizing from 2005 to 2009. Analysts warn further cuts as U.S. automakers shed workers, shutter plants, and lose market share amid competition, with Volt potential offering a turnaround spark.
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Chrysler LLC
U.S
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Jess
Chrysler
General Motors Corp
Ford Motor Co
ACH
Delphi Corp
Center For Automotive Research
Ford
Delphi
Kenyon Hall
Belvedere
Kevin Tynan
Argus Research
George Magliano
Consultancy
Global Insight
Erich Merkle
IRN Inc
Grand Rapids
Ohio gasoline prices rise amid near $100 oil mark
Ohio sees a statewide regular gas average reach 3.07 per gallon, up 25 cents in two weeks as oil prices near 100 dollars per barrel. The national average stands at 3.00, with Trilby Lundberg noting 2.96 nationwide on Friday. Fifth Third Bancorp completes acquisition of R G Crown Bank, integrating Florida and Georgia branches into its network.
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AAA
Oil Price Information Service
Trilby Lundberg
Cincinnati
Fifth Third Bancorp
R-G Crown Bank
Castleberry
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R-G Crown
Florida
Fifth Third Bank of Michigan
Augusta, Ga
Fifth Third Bank
N.A
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Ee On Ange Ights
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Wellara
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AIT
Ant
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Incwt
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EnvirPwr
Krein
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ChinaPot
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Levald
AMD
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Apple Inc
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Ussteel
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WalMart
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Wendys
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Rat Mercantile
Pet
PetroChina tops $1 trillion in debut
PetroChina Co. shares in Shanghai more than doubled their debut, lifting market capitalization to about $1.005 trillion and surpassing Exxon Mobil as the world’s largest company. The stock closed at 43.96 yuan from 16.70 yuan, while the Shanghai index slid 2.5 percent.
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PetroChina Co
Shanghai
Exxon Mobil
ExxonMobil
PetroChina
Louis Wong
Phillip Securities
China
Google aims to reshape mobile phones with new alliance
Google announces a broad alliance with 33 major chipmakers, handset makers and service providers to create a mobile development kit for free software. The plan targets turning phones into high feature devices rivaling PCs and uses ad driven opportunities on the go. Eric Schmidt says mobile users want PC like applications on phones.
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Google Inc
Google
Mountain View
Calif
Eric Schmidt
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Los Angeles Times
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Cleveland
LASIK
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Lcavion Inc
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