Bailout debate simmers as GM pares output
Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets.
General Motors board weighs bankruptcy option: report
The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the Wall Street Journal's website late on Friday.
Hundreds wait at Verizon stores for BlackBerry Storm
Hundreds of people lined up at some Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.
Car dealers pitch for auto sector aid
Car dealers are heading for near-record sales this year but asked the federal government on Friday to help auto manufacturers and to make it easier for dealerships to get financing.
Bay Street Week Ahead: Banks slam the door on 2008
Canadian banks will show some ugly end-of-year numbers in the next two weeks and the more interesting bit -- their 2009 outlooks -- are bound to be vague.
GM to further cut Ontario production in '09: union
General Motors of Canada is going to cut a second week of production at its Oshawa, Ontario, car plant in January, and may move up the timeframe for shuttering its Oshawa truck plant to May from July, an official from the Canadian Auto Workers union said on Friday.