07 January 2009 11:12am
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Industry news
Reuters - Stock futures pointed to a lower open on Wall Street on Wednesday, on mounting worries over the impact of the recession on companies after Alcoa Inc said it will slash more than 15,000 jobs...
Bank of America sells China bank stake (Reuters)...Reuters - Top U.S. lender Bank of America raised $2.83 billion from selling part of its holding in China Construction Bank (0939.HK) and Hong Kong's richest tycoon followed by selling a $500 million ...
Dow Chemical prepared to delay Rohm & Haas deal: repo...Reuters - Dow Chemical Co is prepared to miss next week's deadline to clinch the $15 billion takeover of Rohm & Haas in an effort to raise enough cash to complete the deal without taking on too much...
Alcoa to slash jobs and sell 4 units (Reuters)Reuters - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn....
GM says government loans cover worst scenario: report...Reuters - General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg...