Crash Course? October 24, 2005 On the anniversary of the 1929 stock market collapse, Laurie Laird asks if we are in danger of repeating that disaster. What year is it? It’s October, and the autumn fashion shows have featured falling hemlines and rising waistbands — the wasp waist is back. On the economics front, the world’s biggest economy has been [...]
GM agrees union deal as losses soar October 18, 2005 General Motors, the world’s biggest automaker yesterday said that it had agreed a deal with the United Auto workers union to slash its healthcare costs. The announcement came as GM revealed widening losses for the third quarter of $1.6bn (£910m), or the equivalent of $2.89 per share. Chief executive of the embattled group, Rick Wagoner, [...]