US companies conduct fire drills in case Greece exits euro

       Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.  Bank of America has looked into filling trucks with cash and sending them over to Greece in case no money is available. 
JPMorgan Chase, though, is taking no chances. It has already created new accounts for a handful of American giants. Stocks around the world have rallied this summer on hopes that European leaders will solve the Continent’s debt problems, but the quickening tempo of preparations by big business for a potential Greek exit this summer suggests that investors may be unduly optimistic.

General Motors Invests in Russia

GM, which produces cars in Kaliningrad, St. Petersburg and Togliatti, will invest the money to increase output capacity and in sourcing local components, Lee said ahead of an annual auto show in Moscow.
The number of cars sold in Russia rose 40 percent last year to 2.5 million, reversing losses suffered after the credit crunch, with foreign brands produced in Russia jumping 70 percent to top 1 million.
Growth has slowed this year but remains in double digits, and foreign car makers such as GM - which ranks second in Russia by car sales - are looking to further ramp up production.
The Detroit-based group, which has bounced back from a spell in bankruptcy, started work in June on an expansion of its plant in St Petersburg, where it plans to more than double production to 230,000 vehicles per year.u