Market News

WRAPUP 1-GM, Chrysler in merger talks-source 1:02am EDT

* GM preparing to ask U.S. Fed for discount window loan  Full Article

 
Ford plans to sell Mazda shares - source 12:52am EDT 

TOKYO, Oct 11 (Reuters) - Ford Motor Co plans to sell its stake in Japan's Mazda Motor Co , a source familiar with the matter said on Saturday.  Full Article 

GM set to seek Fed discount window loan -Barron's 12:36am EDT 

DETROIT, Oct 11 (Reuters) - General Motors Corp is likely to seek a direct loan from the U.S. Federal Reserve as it seeks to bolster its cash position to survive a deepening downturn in sales, Barron's said on Saturday.  Full Article 

G7 vows to tackle global crisis

Oct. 10 - Financial leaders from the world's richest nations vowed to use all necessary tools to address the global financial crisis, but offered no collective course of action.  Play Video