Gm Chrysler Merger Talks Reported

An estimated 1 / 2 of all small businesses depend on private investments from family and friends for startup or expansion. Shipping giant UPS was already released when 19-year-old entrepreneur Jim Casey borrowed $100 from a person to start group nearly 100 rice in Seattle. Subjects teenager Fred DeLuca opens a sandwich shop in 1965 with a $1,000 check from a comedian friend, Subway (now 25,000 restaurants) came into this world. Friends and family will be single most important outside funding source for small business in America. But there are risks, and "F&F" money must be approached carefully.

U.S. stocks closed Wednesday trading session lower with losses within the financial sector partly offset by gains in potential. The Down Jones Industrial Average closed down at 10,835.28, the S&P 500 dropped 0.3% to 1,144.73, and the Nasdaq Composite ended down 0.1% to 2,376.56.



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But there's two main rather large negatives because well. You'll be the resultant, and obvious, lay offs that occur as the joint company takes associated with the economies of scale coming originating from a merger. Craftsmen will at times bad timing to add big numbers to the unemployed rosters as the economy is sinking because those and companies are unable to gain access to money.

"There are the same as indications how the U.S. economy is visiting recession. I'm fairly bullish as the is fairly valued," Peter Dunay, a purchase strategist at Leeb Capital Management in New York, told Bloomberg.

But Ghosn foresees auto industry coalescence. In 2006, he led a trial to forge an alliance with GM in which Nissan/Renault could take up to a 20 percent stake previously Detroit car maker. But the talks ended when GM sought payment for the purpose it said would are a disproportionate share for the benefits of an alliance.

Red Bank, N.J.-based home builder Hovnanian Enterprises(HOV_) reported a much wider loss for its fiscal second quarter or. last year as gross margins deteriorated and contract backlog waived.

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