• Most Popular
  • Most Shared

Reuters Industry Summit

The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    Auto plan must show long-term viability: Bush

    WASHINGTON
    Thu Dec 4, 2008 5:06pm EST

    WASHINGTON (Reuters) - President George W. Bush said on Thursday that he wanted to be sure that any plan to aid ailing U.S. automakers ensures their long-term viability and that the government does not throw "good money after bad."

    Asian Markets  |  Inflows Outflows

    "No matter how important the autos are to our economy, we don't want to put good money after bad," Bush told NBC News during a day of congressional testimony by automaker chiefs about their restructuring plans as they sought billions of dollars in government assistance.

    "In other words, we want to make sure that the plan they develop is one that ensures their long-term viability for the sake of the taxpayer," Bush added, according to excerpts from the interview.

    (Reporting by Matt Spetalnick, Editing by Sandra Maler)
    Asian Markets
    Inflows Outflows


    More from Reuters

    Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

    "Polluters are given rights to continue their dirty habits"

    A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

      Climate Conference
      Federal Reserve Chairman Ben Bernanke is pictured at his Senate Banking, Housing and Urban Affairs Committee hearing on his nomination to continue as Chairman of the Board of Governors, on Capitol Hill in Washington, December 3, 2009. REUTERS/Jason Reed

      No great expectations

      Investors are getting antsy about when the Fed will tighten its purse strings, now that the economy appears to be coming back to life.   Full Article 

      ECONOMY
      Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

      Pictures that defined a decade

      A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

      Pictures