GMAC, the U.S. financial services group, will spearhead a rescue bid for Britain's struggling mortgage bank Northern Rock PLC, a newspaper reported Sunday.
Taiwan's two largest chipmakers have urged the government to relax restrictions on chip investments in rival China, warning that they could lose their competitive edge because of a ban on building state-of-the art production lines on the mainland.
Despite significant dissent among some workers, United Auto Workers members narrowly passed a four-year contract agreement with Chrysler LLC, leaving Ford Motor Co. as the last U.S. automaker to negotiate with in this year's round of contract talks.
