Most GM plants in the United States may stop for 9 weeks
In the world, one of the largest car manufacturer, General Motors plans to temporarily shut down most of the factories this summer in the United States, and time of production stopped may take up to a maximum of nine weeks; in addition, this year there would be program to reduce the production of 170,000 sets. It is not clear how many factories will be involved, but part of the factory will be in lay-off between mid-May and the end of July. However, a small portion of the plants to create best-selling models will continue to produce, but will reduce output.
The U.S. government had a “threat to replace” the management in Bank of America
Minister of Justice of New York, Andrew Cuomo (Andrew Cuomo) yesterday in a letter to federal officials said that the CEO of Bank of America (BofA) Ken Lewis, only put a threat to the federal regulators which said that if Bank of America in the acquisition of Merrill Lynch (Merrill Lynch) faltered on the deal, after he and the board of director replaced, it was agreed to complete the transaction.
World Bank launched the loan scheme of infrastructure with 55 billion U.S. dollars
The President of World Bank Robert Zoellick (Robert Zoellick) on the local time of April 23rd said, the Bank would announce the total amount of 55 billion U.S. dollars for the infrastructure loan projects, and the total investment in agriculture increased to 12 billion U.S. dollars. On the morning of that day, the headquarters of International Monetary Fund (IMF) held a press conference, in which Zoellick announced a series long-term construction plans different from the “fire-fighting” measures of IMF, and the World Bank has made describe on the focus of future work.
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