A man called Rich Ricci has become one of the highest-paid bankers in the UK ... is this some kind of sick joke, or a scientific inevitability? Roger Highfield on the power of nominative determinism... more
There is only one topic for discussion on Wall Street at the moment, and that’s Goldman Sachs. For those inside the firm, this week’s announcement of blow-out quarterly profits, along with the surge in the firm’s stock price and the promise of large bonuses, doubtless came as a huge relief ... more
SOME would have it that the recent rise in the oil price is evidence of optimism - a sign that the global economy is getting stronger and that the prospects of recession turning into depression have dimmed.... more
President Barack Obama rejected pleas by General Motors and Chrysler for billions of dollars more in bailout support for the ailing US car and truck makers
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Engineering: The US Treasury unveiled the scale of its latest Detroit rescue package, agreeing to pump $6 billion into General Motors' finance company GMAC... more
Engineering: The US House of Representatives has approved bailout plans for General Motors and Chrysler that include tough conditions on restructuring in return for taxpayer help... more
Engineering: Failing US carmaker General Motors says it will run out of cash this month unless the taxpayer comes up with $4 billion immediately... more
Engineering: The board of General Motors will hold another round of crunch talks as it scrambles to complete its rescue plan to try to win a £7.8 billion government lifeline... more
Motor industry: Troubled US carmaker General Motors may be forcing its staff to reduce their travel costs, but chief executive Rick Wagoner will be allowed to keep using his private jet ... more
Engineering Nissan chief Carlos Ghosn has warned that the company's second-half profit will probably fall to "zero" as the global motor industry crisis intensifies... more
General Motors chief executive Rick Wagoner is said to be personally taking the begging bowl to Washington in a bid for Federal funds to seal a merger with rival Chrysler... more
General Motors, maker of Vauxhall cars in the UK, is to cut staff costs by 20% in a desperate attempt to ride out the crisis in the US motor industry... more
Tonight:
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