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GM option in UAW talks excludes health trust: report: Reuters Business News - MSN Money
That option is one of two proposals GM has put on the table with the other being establishing such a healthcare trust which would be funded by GM cash debt and possibly stock the Journal reported citing people familiar with the proposals. GM was not immediately available for comment.
Fed officials strike differing notes on economy: Reuters Business News - MSN Money
The main threat is that the downturn in the housing market would hurt consumer and business spending Fed Governor Frederic Mishkin told a group of investors. “Economic activity could be affected more severely in other sectors should heightened uncertainty lead to a broader pullback in household and business spending ” Mishkin told the Money Marketeers of New York University.
Construction Bank launches $7 bln Shanghai IPO: Reuters Business News - MSN Money
The country’s second biggest bank said it was starting consultations with institutional investors on pricing the offer in Shanghai of up to 9 billion new A shares or 3.85 percent of its expanded share capital. Sources close to the deal have said Construction Bank planned to price the A shares at 5.80 to 6.20 yuan apiece which could raise 52.2 billion to 55.8 billion yuan ($6.9 billion-7.4 billion).