Toyota executive says US, European sales in serious trouble, denies lowering goals

Today

• Toyota executive says US, European sales in serious trouble, denies lowering goals

• Hong Kong cuts key interest rate 1 percentage point in break with tracking US policy

• French finance minister says Paulson made mistake by letting Lehman fail

• Volvo Cars plans to slash more than 3,000 jobs, most of them in Sweden

• Britain announces 50 billion pounds plan to take stakes in banks in bid to restore stability

• Japan's Nikkei plunges 9.4 percent on crisis fears, biggest drop in 21 years

• Volvo Cars plans to slash more than 3,000 jobs, most of them in Sweden

• Downward financial spiral continues despite government steps; Fed rate cut may be in cards

October 07, 2008

• Frontier Airlines happy with performance of subsidiary's Denver-Aspen service

• Mesa Air Group, pilots agree to tentative contract; pilots set to ratify in November

• Lilly will pay $62 million to end Zyprexa investigations in 32 states and Washington, D.C.

• September minutes: Fed saw balance between weak growth and inflation despite market turmoil

• Bernanke: US may be facing prolonged period of economic pain; door opens wider to rate cut

• Pfizer continues realigning with 3 new business units more focused on patient, doctor needs

• Germans moving millions from commercial to state-controlled banks

• Alcoa's 3rd-quarter profit dives 52 percent on lower prices, weaker demand and higher costs

• UN agency calls for review of biofuel subsidies, sharing opportunities with poor countries

• Iceland nationalizes major bank under emergency law, announces $5.4 billion loan from Russia

• Aer Lingus is to cut up to 1,500 jobs, says trade union following talks

• Retirement accounts have lost $2 trillion, leading Americans to keep working, stop saving

• Royal Bank of Scotland's share price plunges 39 percent amid financial crisis

• As economy worsens, business surges at thrift shops

• Opel, Daimler, Ford to curb production given financial situation; Porsche not hit

Today

• European markets tumble after Asian slide, banks fuelling drops again

October 07, 2008

• Fast-food company Yum Brands reports higher 3Q earnings on growth overseas

October 07, 2008

• Wall Street retreats as concerns about financials overshadow Fed plan to buy corporate debt

• Lawsuit: Bill Heard Chevy violated federal labor law in firing thousands of employees

• Safeway 3rd-quarter earnings edge up on higher gas sales, gains from upscale stores

• Neiman Marcus offers gift ideas for shoppers with something left after financial crisis

• Bakugan, Elmo Live among the toys making this holiday's hot toy lists

Today

• RIM challenges Apple with Storm, a touch-screen phone you can feel

October 07, 2008

• Summary: As costs soar, AMD spins off chip factories with Abu Dhabi investors

• Internet ad sales dropped slightly from previous quarter, a possible ripple from bad economy

• Google's 'Mail Goggles' designed to stop the e-mail equivalent of drunk dialing

• Find advertisement distracting? Perhaps not if you're having a root canal