Auto industry sees darkest days in 25 years; GM hit hardest

Date: Mon, 03 Nov 2008 17:01:46 -0500

Ford posts a 30% drop in U.S. sales for October, blaming "an economic
gauntlet the likes of which haven't been seen in more than two
decades."

ECONOMIC REPORT: BANKS TIGHTEN CREDIT FURTHER, FED SAYS

As fears about the economy grew, banks doing business in the United
States have made it much tougher over the past three months for their
customers to borrow money, the Federal Reserve reports.

CIRCUIT CITY TO SHUT 155 STORES TO PRESERVE CASH AND STAY AFLOAT

Suffering from declining sales, traffic and cash, the electronics
retailer says it's shutting 155 U.S. underperforming stores in a
last-ditch efforts to stay afloat before what some analysts predict
may be an unavoidable bankruptcy.

APPLE CUTTING BACK IPHONE PRODUCTION, ANALYST SAYS

Apple Inc. may be drastically scaling back production of its popular
iPhone for the crucial fourth-quarter shopping season as the economy
slips further into a recession, according to a brokerage report.