Chill Out

GE jobs at risk as it cuts profit forecast

General Electric put 20,000 workers on notice as it cautioned that fourth-quarter profits would be lower than expected

'Factories need aid to avert failure'

Leading industry organisation fears Budget measures will not prevent another 90,000 job losses in manufacturing

China's richest man in economic crimes inquiry

A Chinese business magazine said Huang Guangyu, chairman of Gome Electical Appliances, was suspected of insider trading

General Motors opens assets sale to raise cash

The struggling American carmaker has asked Jones Lang LaSalle to find buyers for its European non-manufacturing property

Grand plans for global energy under threat

The future of green technology has cracks, reserves of lithium would prevent a world of electic cars from being a reality

Companies take over the role of banks

Companies like VT Group, help to ease the punishing overdraft and loan rates imposed on suppliers by high street lenders

Car industry in plea for emergency funding

Business Secretary is told that threat is growing of factory shutdowns, the collapse of some businesses and job losses

ArcelorMittal to cut 9,000 jobs to save $1bn

World’s biggest steelmaker begins a voluntary severance programme for the cuts, which will be made across all operations

Toyota's top rating is reduced by Fitch

The world's biggest carmaker, and a symbol of Japanese industrial power, has been stripped of its AAA credit rating

Johnson Matthey says profits set to fall by 15%

Profits at the company that makes catalytic converters for cars could fall in the next six months as carmakers cut production

Carmakers to call on Mandelson for help

The British car industry will face a wave of closures and job losses in the next few months unless the Government takes action

QinetiQ primed for sell-off to defend its future

Defence research company to sell several businesses in the new year to put more capital into security and counter-terrorism

Johnson Matthey warns of car industry hit

Johnson Matthey has warned that second half profits may be down 15 per cent due to the slowdown in the car industry

CBI hears calls for more diversified economy

Head of Rolls-Royce says post-industrial thinking has damaged economy and manufacturing must be given more emphasis

Employers warn over national insurance move

Business groups warn the plan to raise national insurance contributions would hit employers and act as brake on employment