- Making News: GM to Cut 30,000 Jobs, Close Nine North American Plants
General Motors announced today that it will cut 30,000 jobs and close nine of its North American facilities in the next three years. In the first nine months of this year alone, GM lost close to $4 billion. While Chairman and CEO Rick Wagoner called the cuts crucial to returning the world's largest auto maker to profitability, he also said that they'll increase spending on new cars and trucks. Daniel Howes writes on business for the Detroit News.
- Reporter's Notebook: Ariel Sharon Leaves the Likud Party
Popular Israeli Prime Minister Ariel Sharon announced today his intention to quit the Likud Party. The co-founder of the Likud says he'll gather a coalition to start a new party, with the intent of forcing an election within 90 days. Professor Shmuel Sandler of Bar-Ilan University near Tel Aviv has more on the Israeli statesman and the motive behind his move.
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