Takeover talk: CBA could bid for BankWest. EXPECTATIONS are building that the Commonwealth Bank of Australia may make a $6 billion-plus tilt at BankWest The speculation comes in the wake of CBA's abrupt decision last week not to buy the Australian..

GM to Invest $445 Million in New Plant, Thai Operations. General Motors is investing $445 million to build an engine plant and upgrade an existing vehicle assembly plant here, company Chairman and CEO Rick Wagoner announced today.

Federal-Mogul to set up plant near Chennai. The US-based Federal-Mogul Corp announced Thursday that it will set up a new facility near Chennai for manufacturing friction components for original equipment and after-market segments.

UPS driver shot this morning in Southwest Baltimore. A United Parcel Service driver was shot and wounded this morning as he drove his tractor-trailer on Caton Avenue in Southwest Baltimore, according to a city police spokesman.

Newmar Cuts 31 in Latest Round of Layoffs. Motorhome and fifth-wheel manufacturer Newmar Corp. reduced its work force at the company's complex in Nappanee, Ind., for the third time this year, cutting 31 manufacturing positions.

Honda to get smaller and greener, 4 hybrids and 2 diesels on the way. Tags: Honda Tag Link: Honda Honda to get smaller and greener, 4 hybrids and 2 diesels on the way Honda seems to be the only major automaker making it through the tough times of high gasoline prices and for the..

Back to Bankruptcy for Intermet. Automotive components manufacturer Intermet Corp. has filed a petition for creditor protection with the U.S. Bankruptcy Court in Delaware - the second resort to Chapter 11 reorganization for the foundry and..

Paolo Pininfarina new chairman of car design firm. ROME : Paolo Pininfarina has been named to replace his late brother as chairman of Pininfarina SpA, the family Italian car design firm that counts Ferraris and Alfa Romeos among its creations.

Truckers Raise Concerns About Bridge Safety. Aug 12, 2008 11:48 am US/Eastern View Slideshow Reporting Mike Schuh KENT ISLAND, Md.

Suspect package prompts border closure in Blaine. Canadian officials closed the Peace Arch border crossing at Blaine Sunday night after a woman who was denied entry to the United States claimed she had something suspicious in a bag.

Global CEOs adopt 'back-to basics' approach amid slowdown. New York : Amid the credit crisis and economic slowdown, businesses are adopting a 'back-to-basics' approach to cope with the challenging economy, shows a survey of chief executives of companies listed on the..

UPS in talks to buy Dutch rival TNT: source. Delivery company United Parcel Service is in talks to buy Dutch rival TNT NV, a source familiar with the talks said.

Navistar's 2008 Profit Could Top $400 Million. Navistar International Corp. said its 2008 net income will be $312 million to $418 million, or $4.26 to $5.72 per share.

Chrysler talking with foreign automakers. Chrysler LLC has talked with automakers in Russia and India about potential tie-ups and was approached by Fiat about a partnership, although no formal discussions are ongoing, a senior Chrysler executive said..

Cargo traffic expected to hit slump. ed note; I believe this article on containers is an early warning to truckers. Your business will be affected no matter if you are a container hauler, or a distribution hauler. So much for the big rally. Predictions just weeks ago of a late-summer surge in cargo volumes at the nation's seaports appear to have been overly optimistic, with economists now cautioning the U.S. is poised for its biggest drop off in international trade in at least a decade. The sobering analysis, made by one of the nation's top trade research firms Friday, presents yet another sign of the economic malaise gripping America. "We had to basically totally reverse our earlier stance due to demand being much weaker than we had been anticipating earlier in the year," said economist Paul Bingham of Global Insight, a Washington, D.C.based research firm. "There's not much good news out there on the economy. We don't really expect a rebound until 2009." While researchers earlier believed import volumes - often used as a barometer of the economy's general health - would experience a modest 1.5 to 2 percent jump for the year, they're now predicting drops of 4 percent or more. The rest of the article includes information on a 12 percent decline in containers inbound in June and dire predictions of future numbers, you should read it and consider your business model carefully.

Cargo traffic expected to hit slump. ed note; I believe this article on containers is an early warning to truckers. Your business will be affected no matter if you are a container hauler, or a distribution hauler. So much for the big rally. Predictions just weeks ago of a late-summer surge in cargo volumes at the nation's seaports appear to have been overly optimistic, with economists now cautioning the U.S. is poised for its biggest drop off in international trade in at least a decade. The sobering analysis, made by one of the nation's top trade research firms Friday, presents yet another sign of the economic malaise gripping America. "We had to basically totally reverse our earlier stance due to demand being much weaker than we had been anticipating earlier in the year," said economist Paul Bingham of Global Insight, a Washington, D.C.based research firm. "There's not much good news out there on the economy. We don't really expect a rebound until 2009." While researchers earlier believed import volumes - often used as a barometer of the economy's general health - would experience a modest 1.5 to 2 percent jump for the year, they're now predicting drops of 4 percent or more. The rest of the article includes information on a 12 percent decline in containers inbound in June and dire predictions of future numbers, you should read it and consider your business model carefully.

Sandvine confirms five new customers. Sandvine, a provider of broadband network solutions, announced on 7 August that it has confirmed five new international customers, two of which were gained through reseller partner relationships.

Trucker jailed in fatal crash. Go to the mobile version of this Web site. Trucker jailed in fatal crash By Tillie Fong, Rocky Mountain News Wednesday, August 13, 2008 A truck driver has been arrested on suspicion of hitting and killing a..

Chevy Volt design finished, GM says. TRAVERSE CITY, Michigan : General Motors has "essentially finished" designing its first plug-in hybrid car, the Chevrolet Volt, and says it will have production-ready prototypes within 10 days.

Trucker faces driving charges. A distracted truck driver, who allegedly took his hands off the wheel while talking on a cell phone and turning pages, forced an OPP cruiser with flashing lights off the highway Monday morning.