www News com http://www-news.com/ ©2007 by www News com http://www-news.com/files.php?file= http://www-news.com/ http://www-news.com/finance/news_topics/air_france-klm_profit_plunges_in.html News Topics Air France-KLM Group said Thursday its profit plunged in the second quarter as higher oil prices and financial charges weighed on the airlines' earnings.by team http://www-news.com/finance/news_topics/china_to_overhaul_battered_dairy.html News Topics China announced a complete overhaul of its dairy industry Thursday to improve safety at every step -- from cow breeding to milk sales -- saying its worst food quality scandal in years had revealed "major problems" in quality control.by team http://www-news.com/finance/news_topics/fed_sees_economic_woes_persisting.html News Topics Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.by team http://www-news.com/finance/news_topics/astrazeneca_wins_first_round_in.html News Topics AstraZeneca PLC won the first round of a legal fight over the release of a generic version of its child asthma medication Pulmicort Respules by rival Teva Pharmaceutical Industries Ltd. on Thursday as it also unveiled job cuts in Europe.by team http://www-news.com/finance/news_topics/gmac_files_with_fed_for.html News Topics GMAC Financial Services has applied to the Federal Reserve to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the Treasury's $700 billion bank rescue plan.by team http://www-news.com/finance/news_topics/japan_s_exports_mark_biggest.html News Topics Japanese exports marked their biggest decline in seven years in October, causing the country to post its second trade deficit in three months, adding to the grim outlook for the world's second-largest economy.by team http://www-news.com/finance/news_topics/oil_falls_below_53_on.html News Topics Oil prices fell below $53 to almost a two-year low Thursday as investors, worried by plummeting stock markets, priced in lower crude demand as the global economic downturn shapes up to be the worst in decades.by team http://www-news.com/finance/news_topics/stock_futures_sink_further_after.html News Topics U.S. stocks looked to extend their losses at the open Thursday as investors found little relief from worries about the fate of Detroit's three automakers and broader fears about the struggling economy.by team http://www-news.com/finance/news_topics/detroit_automakers_rescue_stalls_in.html News Topics A plan to give troubled U.S. automakers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hanging in the balance.by team http://www-news.com/finance/news_topics/recession_fears_send_world_markets.html News Topics European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before. The FTSE 100 index of leading British shares was down 87.46 points, or 2.2 percent, at 3,918.22, while Germany's DAX was 145.17 points, or 3.3 percent, lower at 4,208.92.by team News