International Business News - TM 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 THE NUMBERS: Honda Motor Co. sales were up a modest 1 percent in June, the only major automaker to show an increase. The Detroit Three, Toyota Motor Corp. and Nissan Motor Co. all reported double-digit declines, and the market dropped 18 percent overall. http://www.ibtimes.com/articles/20080702/summary-box-honda-sales-gain-while-others-fall.htm Wed, 02 Jul 2008 17:59:34 EDT Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road. http://www.ibtimes.com/articles/20080702/gm-shares-fall-a-day-after-june-sales-release.htm Wed, 02 Jul 2008 18:20:21 EDT Shares of General Motors Corp. slid Wednesday morning after one analyst cut his rating and another his price target, despite better-than expected June sales numbers that beat rival Toyota Motor Corp. http://www.ibtimes.com/articles/20080702/out-of-the-gate-general-motors-shares-slide.htm Wed, 02 Jul 2008 10:20:34 EDT A last-minute no-interest financing offer and strong sales of some cars helped General Motors Corp. keep its U.S. sales over Toyota Motor Corp. last month, but it was still the worst June for the industry in 17 years and a harbinger of more misery ahead. http://www.ibtimes.com/data/articleimgs/83951-oil-prices-auto-sales.jpg http://www.ibtimes.com/articles/20080702/june-car-sales-plummet-more-declines-expected.htm http://www.ibtimes.com/articles/20080702/june-car-sales-plummet-more-declines-expected.htm Wed, 02 Jul 2008 06:03:29 EDT General Motors holds off Toyota as June sales fall DETROIT (AP)--General Motors Corp. soundly beat Toyota Motor Corp. in June to retain its traditional U.S. sales lead, but GM sales still dropped 18.2 percent during a dismal month for large automakers. http://www.ibtimes.com/articles/20080701/business-highlights.htm Tue, 01 Jul 2008 18:35:16 EDT Shares of staffing companies finished mixed Tuesday as oil prices rose again toward record high levels and General Motors Corp. posted better-than-expected sales. http://www.ibtimes.com/articles/20080701/closing-glance-staffing-stocks-mixed.htm Tue, 01 Jul 2008 16:25:29 EDT The Dow Jones industrial average ended higher on Tuesday, after UBS analyst Eric Wasserstrom upgraded shares of credit card issuer American Express Co. http://www.ibtimes.com/articles/20080701/djia-leaders-laggards-axp-aa.htm Tue, 01 Jul 2008 16:22:16 EDT Chrysler LLC said Thursday its U.S. sales plunged 36 percent in June, driven by declining sales of the automaker's light trucks and sport utility vehicles. http://www.ibtimes.com/articles/20080701/june-auto-sales-chrysler-sales-plunge.htm Tue, 01 Jul 2008 15:53:04 EDT Several Japanese ADRs declined in afternoon trading on Tuesday after Japan's market fell for the ninth straight session, led by Tokyo's benchmark Nikkei 225 index. http://www.ibtimes.com/articles/20080701/adrs-in-focus-japanese-adrs.htm Tue, 01 Jul 2008 15:19:07 EDT General Motors Corp. said Tuesday its U.S. sales sank 18.5 percent in June led by declining sales of its heavier and less fuel-efficient models, but it held off Toyota to retain the top U.S. sales spot. http://www.ibtimes.com/articles/20080701/june-auto-sales-general-motors-sales-fall.htm Tue, 01 Jul 2008 14:39:21 EDT Toyota Motor Sales USA Inc. said Tuesday its June U.S. sales tumbled on steep drops in demand for sport utility vehicles and pickup trucks. Toyota sold a total of 193,234 vehicles in June, down 21.4 percent from 245,739 in the same month last year. Adjusted for three fewer sales days in this June compared with last, Toyota sales fell 11.5 percent. http://www.ibtimes.com/articles/20080701/june-auto-sales-toyota.htm Tue, 01 Jul 2008 14:24:48 EDT A lobbying group for 10 major automakers said Tuesday the government is underestimating the cost of increasing fuel economy standards and wants those standards to go into effect too quickly. http://www.ibtimes.com/articles/20080701/carmakers-say-fuel-economy-proposal-too-aggressive.htm Tue, 01 Jul 2008 17:02:20 EDT Shares of General Motors Corp. rebounded Tuesday after the automaker released better-than-expected June sales figures to retain its No. 1 U.S. sales spot, while Ford Motor Co.'s shares tumbled after it announced a steep drop in vehicle demand. http://www.ibtimes.com/articles/20080701/gm-and-ford-shares-tumble-ahead-of-sales-release.htm Tue, 01 Jul 2008 16:49:01 EDT Nearly all the major automakers reported steep sales declines for June, but for General Motors at least there was consolation: Toyota, its leading international competition, had it worse. http://www.ibtimes.com/data/articleimgs/83786-auto-sales.jpg http://www.ibtimes.com/articles/20080701/auto-stocks-slide-with-poor-us-sales-results-ahead.htm http://www.ibtimes.com/articles/20080701/auto-stocks-slide-with-poor-us-sales-results-ahead.htm Tue, 01 Jul 2008 21:36:21 EDT Wall Street began the third quarter with an erratic session and modest gain Tuesday after a mix of news made it clear the country is still deep in economic problems but may have some positive trends--including some better than expected sales for General Motors Corp. http://www.ibtimes.com/data/articleimgs/83424-wall-street.jpg http://www.ibtimes.com/articles/20080701/stocks-head-to-lower-open-in-first-day-of-3q.htm http://www.ibtimes.com/articles/20080701/stocks-head-to-lower-open-in-first-day-of-3q.htm Tue, 01 Jul 2008 17:35:25 EDT Car and truck makers are expected to report a seventh straight monthly drop in sales to a June annualized rate of 10.1 million when automakers report domestic sales on Tuesday, as consumers scale back big-ticket spending. http://www.ibtimes.com/articles/20080630/on-the-watch-auto-sales.htm Mon, 30 Jun 2008 16:52:34 EDT Former Intel Corp. Chairman Andy Grove has a knack for sensing when circumstances should force changes at a company or an industry--and how to respond. http://www.ibtimes.com/articles/20080630/interview-intel-head-pushes-electric-cars.htm Mon, 30 Jun 2008 07:09:07 EDT Former Intel Corp. Chairman Andy Grove has a knack for sensing when circumstances should force changes at a company or an industry--and how to respond. http://www.ibtimes.com/articles/20080629/ap-interview-ex-intel-head-pushes-electric-cars.htm Sun, 29 Jun 2008 13:51:10 EDT Oil near $143 on view dollar will keep falling NEW YORK (AP)--Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal. http://www.ibtimes.com/articles/20080627/business-highlights.htm Fri, 27 Jun 2008 18:06:24 EDT The Organization for International Investment, which represents U.S. subsidiaries of foreign companies, spent $320,000 in the first quarter lobbying the federal government, according to a recent disclosure report. http://www.ibtimes.com/articles/20080627/intl-business-group-spent-320k-lobbying-in-1q.htm Fri, 27 Jun 2008 16:12:49 EDT