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  • GM shares slide on analyst gloom, rising cash crunch Nov 10, 2008

    General Motors Corp., Detroit, could run out of cash as soon as February without government assistance, according to an analyst report Monday.

  • Democrats push for speedy auto rescue Nov 10, 2008

    Congressional leaders are urging the Bush administration to back immediate financial aid for the nation’s auto industry by tapping into the Treasury Department’s $700-billion emergency financial rescue program.

  • Democrats push for speedy auto rescue as woes mount Nov 10, 2008

    Congressional leaders are urging the Bush administration to back immediate financial aid for the nation’s auto industry by tapping into the Treasury Department’s $700-billion emergency financial rescue program.

  • Economy sheds more jobs, unemployment hits 6.5% Nov 07, 2008

    The economy lost another 240,000 non-farm payroll jobs in October, and the unemployment rate rose to 6.5 percent from 6.1 percent, the U.S. Bureau of Labor Statistics reported Friday.

  • US metals sales slip, stocks rise slightly in September Nov 07, 2008

    Metals sales by merchant wholesalers were estimated to exceed $15.8 billion in September, down 1.6 percent from August’s figure of $16.1 billion but up 20.6 percent from the $13.1 billion recorded in September 2007, according to the U.S. Census Bureau’s Monthly Wholesale Trade Survey, released Friday.

  • GM, Ford report losses on credit, economic turmoil Nov 07, 2008

    The red ink continued to pour from U.S. automakers General Motors Corp. and Ford Motor Co. in the third quarter thanks to a rapidly deteriorating U.S. auto sector, slowing global markets and a looming worldwide financial crisis.

  • MELTING POT Who’s making the cut? Nov 07, 2008

    The “Great Mentioner” is working overtime these days trying to forecast who will be holding the key posts in the new Obama administration come January.

  • Cliffs warns iron ore output cuts could drive job losses Nov 07, 2008

    Cliffs Natural Resources Inc. has warned union officials and local government that lower output could force it to cut jobs at some of its mines.

  • High-speed ship plan a boon for metals Nov 07, 2008

    In what could be a boost for steel and aluminum, the U.S. Navy will move ahead with plans to build five more Littoral combat ships next year and in 2010, sources said.

  • Dana to close another 10 plants, cut jobs, after losses Nov 07, 2008

    Dana Holding Corp., one of the country’s largest auto parts makers, will close 10 more plants over the next two years and lay off 2,000 more workers than originally planned, following heavy losses in the third quarter.

  • Unemployment rate jumps to 6.5% in October Nov 07, 2008

    The economy lost another 240,000 non-farm payroll jobs in October, and the unemployment rate rose to 6.5 percent from 6.1 percent, the U.S. Bureau of Labor Statistics reported Friday.

  • Obama may back bigger auto bailout Nov 06, 2008

    President-elect Barack Obama may support an additional $25 billion of “bridge” financing to the nation’s automakers on top of the $25 billion already cleared, sources said.

  • Employee dies in fall at Alton Steel plant Nov 06, 2008

    A worker at Alton Steel Inc. fell from a roof to his death Wednesday, police and sources at the steel bar producer and the Occupational Safety and Health Administration (OSHA) confirmed.

  • High-speed ship plan a boon for metals Nov 06, 2008

    In what could be a boost for steel and aluminum, the U.S. Navy will move ahead with plans to build five more Littoral combat ships next year and in 2010, sources said.

  • Lavorata steps in for Sawyer as Citation’s chief of finance Nov 06, 2008

    Privately held Citation Corp. has tapped Louis Lavorata to serve as senior vice president and chief financial officer.

  • Analysts doubt Cliffs altering acquisition offer for Alpha Nov 06, 2008

    Analysts doubt that Cliffs Natural Resources Inc. is reworking its cash-and-stock acquisition offer for coal miner Alpha Natural Resources Inc. after postponing a shareholder vote on the proposed merger to Dec. 19 from Nov. 21.

  • Auto parts industry seeking Bush loan guarantee plan Nov 05, 2008

    The auto parts industry has joined the rest of the auto sector in formally requesting that the Bush administration quickly establish a loan guarantee program as part of its $700-billion financial rescue package.

  • Auto parts industry seeking Bush loan guarantee plan Nov 05, 2008

    The auto parts industry has joined the rest of the auto sector in formally requesting that the Bush administration quickly establish a loan guarantee program as part of its $700-billion financial rescue package.

  • Oct. job cuts jump to five-year record Nov 05, 2008

    Employers announced plans to slash 112,884 workers from their payrolls in October, the highest monthly level in almost five years, in another sign of the weakening labor market.

  • Trucking firms worried about fuel costs, weak economy Nov 05, 2008

    Diesel fuel costs and the economy are the top two critical issues for the trucking industry, according to an annual survey by the American Transportation Research Institute, Arlington, Va.

  • Trade law vigilance is more crucial than ever, groups say Nov 04, 2008

    Market forces and market-driven behavior are more important than ever, given the current economic crisis, representatives of six North American steel industry trade groups agreed at a meeting last week in Mexico.

  • Cessna breaks ground on Kansas jet assembly plant Nov 04, 2008

    Cessna Aircraft Co. has begun construction on a new design and assembly plant for its Citation Columbus business jet, which will have an all-aluminum airframe.

  • New factory orders drop for second month in row Nov 04, 2008

    Stock markets may have staged an election day rally, but economic indicators continue to paint a gloomy picture.

  • Factory orders drop for second month in a row Nov 04, 2008

    Stock markets may have staged an election day rally, but economic indicators continue to paint a gloomy picture.

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