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Bay area powers up for age of electric cars
Government and business leaders in San Francisco lay out plans for new 'refuelling' infrastructure capable of supporting a vast fleet of electric cars
GMAC moves to access bail-out
GMAC, the ailing consumer lender part-owned by General Motors, has applied to become a bank holding company in a bid to gain access to the US government's $700bn rescue fund for the financial industry
GM to suspend Thai production
A number of leading Asian carmakers, along with France's Peugeot, announced plans to cut thousands of jobs and reduce output as there is no end in sight for the auto sector's woes
Anglogold secures $1bn deal on debt
Refinancing deal shows that gold is still seen to be a haven despite the global financial downturn that has hit most other commodities
Congress reaches an impasse on car bail-out
The US Congress could not approve a new emergency loan to the country's troubled car sector, Democratic leaders said, after two days of hearings on Capitol Hill in which industry leaders' plea for aid appeared to backfire
Amec looks set for a skid
Oil services firms are a classic "late cycle" investment. They tend to thrive when the economy is in full swing, as oil giants invest heavily at such times, creating...
Canadian partner criticises De Beers
The world's largest diamond deposit remains undeveloped for no good reason, shareholders of a Canadian diamond company have claimed in a criticism of De Beers. The industry leader is the company's joint venture partner in developing the enormous deposit in Canada