International Business News - GM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Following is a summary of top stories in the energy sector Tuesday afternoon. Crude Beats a Retreat http://www.ibtimes.com/articles/20080708/energy-sector-roundup-crude-futures-sink.htm Tue, 08 Jul 2008 15:41:21 EDT Canadian Auto Workers President Buzz Hargrove, who fought to retain Canadian workers' high wages even as the country lost thousands of auto jobs, announced his retirement Tuesday. http://www.ibtimes.com/data/articleimgs/88175-caw-hargrove.jpg http://www.ibtimes.com/articles/20080708/caws-hargrove-retires-union-to-name-successor.htm http://www.ibtimes.com/articles/20080708/caws-hargrove-retires-union-to-name-successor.htm Tue, 08 Jul 2008 18:03:23 EDT Attention car shoppers: the government is upgrading its crash test program to offer better information about vehicle safety. The Bush administration outlined changes Tuesday to the government's safety ratings, which grade new vehicles on a scale of up to five stars. http://www.ibtimes.com/articles/20080708/government-to-improve-crash-test-program.htm Tue, 08 Jul 2008 13:18:27 EDT A disappointing forecast for second-quarter sales sent shares of Office Depot Inc. tumbling in premarket trading Tuesday. The office supply retailer blamed a slowing economy and said it expects the economic environment to be "difficult" in the second half. Shares fell 14.6 percent to $8.89 in action before the bell. http://www.ibtimes.com/articles/20080708/premarket-movers-office-depot-drops-on-outlook.htm Tue, 08 Jul 2008 09:13:13 EDT Solar energy product maker Energy Conversion Devices Inc. said Tuesday it will supply solar cell laminates to General Motors Corp. for the world's largest rooftop power generation system. http://www.ibtimes.com/articles/20080708/gm-to-have-worlds-largest-rooftop-solar-system.htm Tue, 08 Jul 2008 09:32:45 EDT General Motors and Ford reported first-half sales grew strongly in China's booming auto market Tuesday, a rare bright spot for global automakers. GM said sales of its Buick, Chevrolet and Cadillac brands rose 12.7 percent from the first half of last year to 590,126 vehicles. Ford Motor Co. said its sales rose 21 percent from the year-earlier period to 172,411 vehicles. http://www.ibtimes.com/articles/20080708/ford-report-strong-china-sales.htm Tue, 08 Jul 2008 06:48:49 EDT Wall Street economists expect government data to be released Tuesday will show wholesale inventories rose at a slower pace in May than the previous month, as companies seek to reduce stockpiles. http://www.ibtimes.com/articles/20080708/ahead-of-the-bell-wholesale-inventories-and-sales.htm Tue, 08 Jul 2008 06:11:51 EDT Stocks fall on worries about financial sector NEW YORK (AP)--Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080707/business-highlights.htm Mon, 07 Jul 2008 18:20:50 EDT Leading US automaker General Motors is preparing to cut thousand white-collar jobs and is considering whether to sell more of its brands in a bid to increase profitability by 2010, according to media reports released Monday. http://www.ibtimes.com/data/articleimgs/87372-.jpg http://www.ibtimes.com/articles/20080707/mulling-job-and-brand-cuts-report.htm http://www.ibtimes.com/articles/20080707/mulling-job-and-brand-cuts-report.htm Mon, 07 Jul 2008 14:14:09 EDT Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080707/ge-gm-yahoo-app-pharma-among-big-movers.htm Mon, 07 Jul 2008 17:22:47 EDT A plane carrying a load of auto parts crashed as it was trying to land in northern Mexico, killing the pilot and severely injuring the co-pilot. The plane crashed before dawn Sunday half a mile from the runway in Ramos Arizpe, 200 miles south of the U.S.-Mexico border, said Segismundo Doguin, the deputy civil defense chief for Coahuila state. http://www.ibtimes.com/articles/20080707/cargo-jet-crash-in-mexico-kills-us-pilot.htm Mon, 07 Jul 2008 10:15:03 EDT Shares of General Motors Corp. jumped at market open Monday after the company said it is considering selling some brands, cutting white-collar positions and speeding the introduction of small cars from other markets. http://www.ibtimes.com/articles/20080707/out-of-the-gate-gm-shares-rise-amid-news-of-cuts.htm Mon, 07 Jul 2008 10:07:16 EDT Pharmaceutical shares were front and center in premarket trading Monday as U.S. markets appeared headed for a mixed open following the holiday weekend. http://www.ibtimes.com/articles/20080707/premarket-movers-pharma-stocks-lead-mixed-session.htm Mon, 07 Jul 2008 08:53:05 EDT General Motors Corp. is reviewing its brands and may try to jettison some to raise money as it burns through cash at an alarming rate. But industry analysts say buyer interest in the brands most likely to be sold--Buick, Hummer, Saab and Saturn--may be low due to a U.S. sales downturn brought on by high gasoline prices and a slow economy. http://www.ibtimes.com/data/articleimgs/87519-gm-cuts.jpg http://www.ibtimes.com/articles/20080707/gm-said-to-consider-more-cuts-as-market-shrinks.htm http://www.ibtimes.com/articles/20080707/gm-said-to-consider-more-cuts-as-market-shrinks.htm Mon, 07 Jul 2008 17:38:50 EDT Technology may change how we get our information, but Weber Shandwick Chairman Jack Leslie says human creativity is still the key to a successful corporate communications strategy. http://www.ibtimes.com/articles/20080707/chatroom-weber-shandwick-chairman-jack-leslie.htm Mon, 07 Jul 2008 08:28:57 EDT Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080707/stocks-move-toward-mixed-open-ahead-of-earnings.htm Mon, 07 Jul 2008 17:39:52 EDT An upstate New York auto parts plant is laying off 250 workers as the company copes with severe declines in the automotive industry. The layoffs at New Process Gear take place immediately. The company employs 2,300 workers. http://www.ibtimes.com/articles/20080703/auto-industry-downturn-costs-250-jobs-at-ny-plant.htm Thu, 03 Jul 2008 17:37:00 EDT General Motors Corp. is considering a new Chevrolet mini car for the United States as it reworks its product lineup to cope with a dramatic shift from trucks to cars linked to high gas prices, a spokesman said Thursday. http://www.ibtimes.com/data/articleimgs/85181-gm-mini-car.jpg http://www.ibtimes.com/articles/20080703/general-motors-may-bring-new-mini-car-to-us.htm http://www.ibtimes.com/articles/20080703/general-motors-may-bring-new-mini-car-to-us.htm Thu, 03 Jul 2008 16:40:53 EDT Shares of Lehman Brothers Holdings Inc. dropped on Monday and kicked off a holiday-shortened week of trading, on talk Barclays PLC will buy the country's fourth-biggest investment bank at a discount. http://www.ibtimes.com/articles/20080703/hot-stocks-of-the-week-leh-cit-gm-nvda.htm Thu, 03 Jul 2008 14:50:48 EDT Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080703/nvidia-amr-lehman-brothers-among-big-movers.htm Thu, 03 Jul 2008 14:21:12 EDT