Asian markets rise as Congress nears auto deal

Asian markets shrugged off negative economic news to rise Wednesday, underpinned by continued faith in government...

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Auto Bailout Deal Seems Near, But Talks Drag On

WASHINGTON | Weary Democratic congressional leaders and White House officials agreed in principle Tuesday on a $15...

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GMAC extends deadline for tender offers

NEW YORK -- GMAC Financial Services says it hasn't raised enough capital to become a bank holding company and...

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SKF To Shed 2,500 Jobs As Demand From Auto Industry Slumps

(Dow Jones) -- Swedish engineering group SKF said Wednesday that it will shed around 2,500 jobs and reduce the...

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Inaction on automakers would cost taxpayers billions

WASHINGTON -- The U.S. auto industry's problems will cost taxpayers plenty whether or not the government helps...

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