SEOUL (Reuters) - Shares in South Korea’s Hyundai Motor fell on Monday as investors worried the United States may harden its stance on car trade and on talk, denied by Hyundai, that it may target parts of money-losing Chrysler.

Original post by Reuters: Business News

NEW YORK (Reuters) - The board of troubled insurer American International Group was nearing approval late on Sunday of a revised U.S. bailout to replace a previous $85 billion rescue, a person familiar with the matter said.

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NEW YORK (Reuters) - Power producer NRG Energy Inc on Sunday rejected an unsolicited $6.08 billion takeover offer from utility owner Exelon Corp , saying the offer “significantly undervalues” the company.

Original post by Reuters: Business News

NEW YORK (Reuters) - Power producer NRG Energy Inc on Sunday rejected an unsolicited $6.08 billion takeover offer from utility owner Exelon Corp , saying the offer “significantly undervalues” the company.

Original post by Reuters: Business News

HONG KONG (Reuters) - The Asian arm of UK bank HSBC Holdings may cut 600 more staff as economic conditions worsen, Hong Kong’s Standard newspaper reported on Monday, citing unnamed sources.

Original post by Reuters: Business News

NEW YORK (Reuters) - The board of troubled insurer American International Group Inc was Sunday night nearing approval of a revised federal bailout to replace a previous $85 billion rescue, according to The Wall Street Journal, citing people familiar with the matter.

Original post by Reuters: Business News

(Reuters) - American International Group Inc board is nearing approval of a rescue plan overhaul, the Wall Street Journal said on Sunday.

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LONDON (Reuters) - British bank Lloyds TSB Group Plc is providing financial support to its takeover target HBOS Plc through a 10 billion pound ($16 billion) loan facility, Britain’s Sunday Times reported.

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NEW YORK (Reuters) - Shares in General Motors <GM.N, already struggling due to a global auto industry, could fall even lower, Barron’s reported on Sunday.

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WASHINGTON (Reuters) - There were fresh calls on Sunday for the Bush administration to help stalled U.S. automakers, but Democratic and Republican officials said taxpayers cannot repeatedly support business rescues.

Original post by Reuters: Business News