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Big 3 Seek $34 Billion Bailout
Detroit's Big Three presented turnaround plans to Congress that indicate both GM and Chrysler could collapse by the end of December unless they get billions of dollars in emergency loans.
Wall Street Journal

Chrysler seeks $7 billion in aid this month (Reuters)
Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.
yahoo.com

Ryanair turns up pressure on Aer Lingus shareholders after bid is rebuffed
Ryanair wants to meet Aer Lingus shareholders after the Irish flag carrier's board rejected a new €750 million (£638 million) bid by its budget rival. Ryanair said that it was seeking mee...
Big News Network

AIG Chief`s Aim Is for a Redo
If AIG can sell off assets to repay a government loan, then the company will again seek to renegotiate the terms of its rescue package, CEO Liddy said.
Wall Street Journal

Swiss Life Faces Skeptics
Swiss Life Holding sought to soothe investor concern over its financial health, saying the insurer was solidly capitalized and well-positioned for growth.
Wall Street Journal

Detroit Three plead for lifeline
GM seeking up to $18-billion, tells U.S. Congress its collapse could have ‘severe, long-term consequences to the U.S. economy'
The Globe and Mail

Tata to seek state aid to save Corus jobs
India's Tata Steel is seeking government assistance in the Netherlands and the UK to help cut working hours at its Corus subsidiary
FT.com

Automakers Deliver Plans To Congress
The Big Three automakers have presented their plans to Congress for how they will restructure themselves to make them worthy of a congressional bailout. Ford says it wants $9 billion in stand-by money; GM has sought $12 billion.
NPR

Former AOL Chief Seeks Funds for Yahoo Deal
Former AOL CEO Jonathan Miller is trying to raise money to purchase a portion or all of Yahoo. He has been talking with private-equity firms and sovereign wealth funds.
Wall Street Journal

Ford Makes Concessions in Effort to Get Government Help
Ford Motor Co., unveiling a business plan demanded by Congress before it approves aid for the Big Three U.S. automakers, disclosed today that it is seeking a bridge loan of up to $9 billion and that it expects to break even or become profitable in 2011.
washingtonpost.com

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