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Reuters

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Site: Reuters: Top News

05/12/2008, 07:14

Senators grill auto CEOs, eye GM-Chrysler deal.

WASHINGTON (Reuters) - The CEOs of General Motors Corp and Chrysler LLC said they would consider restarting talks about a merger during a nearly six-hour congressional grilling on the industry's pleas for $34 billion in government aid.


AT&T cuts 12,000 jobs.

NEW YORK (Reuters) - Top U.S. phone company AT&T Inc said it will eliminate 12,000 jobs, or about 4 percent of its workforce, in a fresh wave of cuts to cope with an economic downturn that has exacerbated a decline in traditional phone sales.


Europeans cut interest rates sharply to fight crisis.

NEW YORK/LONDON (Reuters) - Central banks in Europe slashed their benchmark interest rates by record amounts on Thursday to fight the global economic crisis, while U.S. automakers pleaded for a bailout to avoid collapse.


Pakistan vows to hunt Mumbai attack plotters.

ISLAMABAD (Reuters) - U.S. Secretary of State Condoleezza Rice said on Thursday Pakistan had given assurances of its commitment to root out terrorism and round up anyone connected to last week's attack in the Indian city of Mumbai.


Iraq Presidency Council approves U.S. troop pact.

BAGHDAD (Reuters) - Iraq's Presidency Council has approved a security pact with the United States that paves the way for a complete U.S. troop pullout by the end of 2011, a spokesman for the council said on Thursday.


Russia's Putin makes warm overtures to Obama.

MOSCOW (Reuters) - The United States will quickly feel a change in attitude from Moscow if President-elect Barack Obama transforms Washington's policies toward Russia, Prime Minister Vladimir Putin said on Thursday.


Thai king ill, misses much-anticipated speech.

BANGKOK (Reuters) - Thailand's revered and influential king missed his traditional birthday eve address due to illness on Thursday, a speech many Thais had hoped would provide short-term relief to the country's intractable political crisis.


Arab-American hate crimes down since 9/11.

WASHINGTON (Reuters) - Hate crimes against Arab Americans have decreased steadily since the September 11 attacks but are still more common than they were before the hijackings, a civil rights group said on Thursday.


Suicide bombers hit Afghan southeast, 4 dead: police.

KHOST, Afghanistan (Reuters) - Suicide bombers killed at least four people when they attacked two government offices in the southeastern Afghan town of Khost on Thursday, a police officer said.


Layoffs mount as crisis drags on.

SINGAPORE (Reuters) - Credit Suisse and Nomura Holdings announced big job cuts on Thursday, further evidence the global financial crisis is unrelenting for an industry battered by heavy losses and weak markets.


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