Kerkorian offer to buy Chrysler may fuel battle: bid hinges on getting acceptable UAW pact; a "long-term" view?

Article Abstract:

Investor Kirk Kerkorian has made a cash offer to purchase the Chrysler Group from automobile firm DaimlerChrysler AG for $4.5 bil, a deal that would also offer United Auto Workers significant equity as a means for reducing health care costs for hourly employees.

Acquisitions & mergers, Personnel administration, TRANSPORTATION EQUIPMENT, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, Compensation and benefits, Labor relations, Transportation equipment industry, United Automobile Workers, Kerkorian, Kirk

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Exxon's $8.4 billion net faces fire on all fronts

Article Abstract:

Exxon Mobil Corp. of the United States posted $8.4 billion in profit down from $10.71 billion last year. Capital spending and petroleum exploration accounted for $4.8 billion this quarter. Exxon Mobil Corp. is the world's largest oil company.

Sales, profits & dividends, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Petroleum industry, Company sales and earnings, Company earnings/profit, XON, Exxon Mobil Corp., Company overview

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DaimlerChrysler to review U.S. unit

Article Abstract:

DaimlerChrysler AG will hold a meeting of its senior executives in order to evaluate options on strengthening its U.S. division. Such options include layoffs.

Automobile industry, Layoffs, Layoff

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