US President Barack Obama on Monday took control of the troubled US auto industry, giving General Motors 60 days and Chrysler 30 days to make a final push towards proving they can run viable businesses. Announcing his rescue plans for the two ailing automakers, which have already been given $17.4 billion to keep them running, he said the government would try to help the companies, but prescribed tough conditions holding out the threat of a "structured bankruptcy".
The company boasts of nearly 200 million customers in 100 countries.
http://ibnlive.in.com/videos/79033/citigroup-bailout-plan-cheers-up-markets-worldwide.html
Recession hits hard and people need an escape from reality.
http://www.ibnlive.com/news/too-broke-for-all-else-americans-save-up-for-movies/76530-2.html
A look at how the world is trying to look at the financial crisis in a lighter vein.
http://www.ibnlive.com/news/in-pics-the-lighter-side-of-financial-crisis/76128-7.html
The money will be put into nine of the biggest banks in the US.
http://www.ibnlive.com/news/us-treasury-to-pump-250-bn-into-banks-buy-shares/75821-7.html
Trust in US as the leader of the free world has been damaged said Putin.
http://www.ibnlive.com/news/financial-crisis-damaged-us-world-leader-image-putin/75526-2.html
World reacts as economy reaches the brink. Snapshots from across the world.
http://www.ibnlive.com/news/photogallery-apocalypse-now-world-on-the-brink/75489-7.html
Chidambaram is expected to address both IMF and World Bank.
http://www.ibnlive.com/news/fm-joins-imf-rescue-team--asian-markets-plummet/75487-7.html
10, Downing Street has roped in experts to rescue its high street banks.
http://www.ibnlive.com/news/now-a-uk-bailout-package--indians-on-board/75304-2.html
Karthik was an IIT graduate and an MBA from California University.
http://www.ibnlive.com/news/hit-by-us-meltdown-indianorigin-man-kills-family-self/75266-7.html
The economic meltdown has hit the world markets hard. But how insulated is India and for how long?
http://www.ibnlive.com/news/chat-today-with-amir-u-khan-on-meltdown-and-india/75225-7.html
US markets slide 6 per cent, diving to its lowest level in four years.
http://www.ibnlive.com/news/us-eu-markets-tumble-bailout-to-take-a-while/75217-7.html
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