Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

GM Production Cuts To Cost $130 Million

General Motors Corp. plans to cut fourth-quarter production in the United States and Canada by almost 50,000 vehicles, which could cost it $130 million in profit.

GM, blaming material shortages, a strike and a painfully slow production startup for new vehicles, expects to make 1.4 million cars and trucks at U.S. and Canadian plants in the fourth quarter.

Spokesman John Shea said GM lost about 15,000 vehicles worth of production because of a strike at its Buick City plant in Flint, Mich., late in the third quarter.

In addition, GM has struggled with slow starts for its new Cavalier and Sunfire cars at its Lordstown, Ohio, plant. And its Arlington, Texas, plant, which makes large sedans and wagons, was forced to halt assembly this week because of a shortage of transmissions. Bloomberg Credit Card Companies Banking On Lucrative Holiday Season

Is your mailbox crammed with letters from banks offering to sign you up for a new credit card?

Sorry, you're not special.

Credit card companies have deluged consumers in recent weeks with hundreds of millions of letters asking them to sign up for cards. They want to line up as many new customers as possible to cash in on the biggest shopping season of the year.

With 40 percent of all credit card charges made during November and December, and consumers using their cards a lot more often this year than last, card experts say Santa will be very good to issuers this season. Data show a cardholder typically charges at least $500 during the holidays. Bloomberg Cablevision, Time Warner Talk

Cablevision Industries Inc. said Friday it is in serious talks with three firms, including Time Warner Inc. …

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