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...like the Chevy Tahoe risked looking like beached whales as record gas prices crimp sales and consumers shift to smaller models and hybrids made by rivals. (Until recently, GM dismissed passenger-car hybrids as a lousy business, though light-truck hybrids are in the works for 2007.) GM's credit rating teeters a notch above junk, and rumors of a bankruptcy filing, which GM officials persistently deny, sent its stock sliding to a 12-year-low closing price last week...

Author: /time Magazine | Title: The New Dude on the Road | 4/18/2005 | See Source »

Still, some companies continue to range outside their industries. Ford Motor last week agreed to acquire San Francisco-based First Nationwide Financial, owner of the ninth-largest U.S. savings and loan, for nearly $500 million in cash. The purchase will expand Ford's credit business, which now includes financing the purchase of new cars. General Motors and Chrysler are also increasing their lending activity...

Author: /time Magazine | Title: Bigger Yes, But Better? | 4/18/2005 | See Source »

...office, 1,200 delegates from Latin America and the Caribbean gathered in Havana for a debt conference, and Fidel Castro urged his guests to repudiate their obligations. Bankers remain confident, however, that the Latin American countries will not default. Such a drastic strategy would cut them off from international credit, which for some is the only means of paying for vital imports like food and fuel...

Author: /time Magazine | Title: Defiant Debtor | 4/18/2005 | See Source »

...large quantities. At a press conference that many scientists felt undercut the important contribution of the French, Heckler hailed Gallo's achievement: "Today we add another miracle to the long honor roll of American medicine and science." Her fulsome statement added fuel to a smoldering rivalry over who deserves credit for the discovery...

Author: /time Magazine | Title: AIDS: A Growing Threat | 4/18/2005 | See Source »

...Number of people HSBC bank notified last week that their credit-card data may have been stolen after shopping with a MasterCard at Polo Ralph Lauren

Author: /time Magazine | Title: Numbers: Apr. 25, 2005 | 4/17/2005 | See Source »

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