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Tuesday, June 16, 2009

Nervy investors spur rush at Swiss gold refiners
MENDRISIO/ZURICH, Switzerland (Reuters) - Sealed off by grey concrete walls and barbed wire, the workmen in protective glasses and steel-toed boots at this smelter cannot work fast enough to meet demand from the nervous rich for gold.

Source: feeds.reuters.com

Study takes step toward erasing bad memories
LONDON (Reuters) - A widely available blood pressure pill could one day help people erase bad memories, perhaps treating some anxiety disorders and phobias, according to a Dutch study published on Sunday.

Source: feeds.reuters.com

Talk of the town: Hangover on top
Jun 15 - The latest celebrity news including "The Hangover" stays on top while Eddie Murphy's latest film lands with a thud at the weekend box office.

Source: feeds.reuters.com

Which GM dealerships are closing?
General Motors said it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in costs and debts. But our Detroit photographer Rebecca Cook reports that, unlike Chrysler, GM does not intend to release to the media a list of dealers hit by the closure plans. Chrysler disclosed in court documents [...]

General Motors said it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in costs and debts. But our Detroit photographer Rebecca Cook reports that, unlike Chrysler, GM does not intend to release to the media a list of dealers hit by the closure plans. Chrysler disclosed in court documents on Thursday the identities of the 789 dealerships it wants to terminate under the bankruptcy process.

Affected GM dealers received letters by express mail on Friday morning informing them that the automaker did not see how it could have a “productive business relationship” after 2010.

GM is telling journalists to find out for themselves which dealerships are closing.  Our reporters around the country are working their sources and calling local dealers for information. Readers can help us. If you have any information on which dealerships face the ax, drop us a comment below or email tradingplaces at reuters.com.


Source: feeds.reuters.com

Condolences for Chrysler
Chrysler's bankruptcy has a symbolism that resonates beyond the day's headlines.

When I moved to North America in 2004, I knew immediately what car I wanted to own: a Chrysler PT Cruiser. Its retro-design captured the romance of the automobile in a uniquely American way, giving it character that I felt was missing from so many modern cars.

It's a small, fuel-efficient car that combines classic design aesthetics with today's environmental priorities. But its harkening to a golden age is also a statement on the cultural significance of the auto industry in the U.S., where writers from Jack Kerouac to Bruce Springsteen have long linked the freedom of the road with the freedom of the nation.

So Chrysler's bankruptcy has a symbolism that resonates beyond the day's headlines. As a Briton, I'm spared any personal nationalistic pain from a Chrysler bankruptcy (I had my share growing up during the embarrassing decline of my country's car industry.) But I couldn't help feeling that my gold-colored Cruiser looked a little sadder when I locked its doors last night. So I'm opening a book of condolences for anyone who wants to share their memories about Chrysler, or the American automobile in general. Your comments are welcome.


Source: feeds.reuters.com


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