Tuesday, December 2, 2008

Afternoon Update: Ford Says It Can Survive but Urges a Rescue for the Industry

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  Tuesday, December 2, 2008
  Compiled 4 PM E.T.
 
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Ford Says It Can Survive but Urges a Rescue for the Industry
By NICK BUNKLEY
Ford told Congress that it wanted access to $9 billion in loans but that it could become profitable in three years if Detroit’s other two automakers survived.

Obama Promises Quick Relief for Governors
By BRIAN KNOWLTON
President-elect Barack Obama told the country’s governors that his administration would not delay in pushing an economic recovery plan.

BITS
.Tel Them Where to Find You
By DANIELLE BELOPOTOSKY
A new domain name, .tel, becomes available Wednesday, and it could become a phone book for the Internet.

A Solemn Israel Buries Dead From Mumbai Attack
By ISABEL KERSHNER
A somber Israel on Tuesday buried six victims of last week’s terrorist attack on the Jewish outreach center in Mumbai, including Rabbi Gavriel Holtzberg and his wife Rivkah.

India Says All Mumbai Attackers Came by Ship
By ROBERT F. WORTH and GRAHAM BOWLEY
The Indian police offered the most specific evidence to date of a Pakistani link to the attacks.

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Bloggingheads Video
Jack Balkin of Yale, pictured, and Eric Posner of the University of Chicago on whether members of the Bush White House should face trial.

BUSINESS

November Was Another Dismal Month for Auto Sales
By NICK BUNKLEY
In the worst month yet in a horrible year, U.S. sales fell 41 percent at General Motors and 33.9 percent at Toyota. Honda’s sales declined 31.6 percent, and Ford’s fell 30.6 percent.

Wall St. Partially Recovers From Sell-Off
By MICHAEL M. GRYNBAUM
Investors waded back into the stock market on Tuesday, a day after an enormous collapse sent values back to their levels from last week.

Japan Acts to Ease Crisis in Corporate Credit
By MARTIN FACKLER
The Bank of Japan announced emergency measures to ease an acute squeeze in corporate funding that threatens to push Asia’s largest economy deeper into recession.

DEALBOOK
G.E. Damps Down Earnings Expectations
By DEALBOOK
General Electric said that it expects fourth-quarter profit to be at the low end of its previous guidance and warned that restructuring and other charges were likely to top $1 billion after taxes.

SQUARE FEET
In Manhattan, a Flood of Available Office Space
By J. ALEX TARQUINIO
Changes roiling the financial industry have contributed to a doubling of the listings of large office blocks.

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