It was arguably the toughest week in 40 years for U.S. corporations, their employees and their shareholders. The auto industry, reeling from the gathering disaster in new-car sales, was laying off workers by the tens of thousands; at least 14 auto plants will be closed and more than 200,000 auto production workers, clerks and executives will be out of jobs during part or all of December. Oil companies grappled with new uncertainties about their future as the House Ways and Means Committee approved a tax bill that fairly soon is likely to...
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