 |
Dial 1-800-Philippines for call centers
Often ignored as an economic laggard, the Philippines has beaten India to win the top spot for offshore call center outsourcing. That's amid fresh grumbles in the U.S. over sending jobs abroad. Video
GM, Ford shares decline after Shelby comments
NEW YORK |
NEW YORK (Reuters) - Shares of General Motors and Ford Motor Co dropped on Wednesday after U.S. Senate Republican lawmaker Richard Shelby said he intended to slow the auto rescue bill down.
"There's a lack of unity as to whether something will or will not happen on the auto bailout, and that's partly why the market lost some ground too," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.
GM shares fell 3 percent to $4.57, while Ford shares declined 4 percent to $3.10. Both stocks had initially traded higher.
(Reporting by Ellis Mnyandu; Editing by James Dalgleish)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters