General Motors this morning posted a loss of $30.9 billion for 2008, burning through more than $6 billion in cash as the global economic slump pushed auto sales and consumer confidence to new lows.
LONDON, Feb. 26 -- The Royal Bank of Scotland, a global giant whose spectacular crash has become a symbol of banking excesses of the past decade, reported the largest annual corporate loss in U.K. history on Thursday.
For months Washington has focused on saving Detroit's automakers. But now the auto industry says it could face a bottom-up collapse if the suppliers supporting these automakers don't receive federal aid starting next week.
I hosted an online discussion recently and one of the participants was particularly perturbed because he had purchased a new car on President's Day, Feb. 16.
The federal government took a big step yesterday toward implementing a ban on genetic discrimination in hiring and promoting workers, a move that will expand the bounds of anti-discrimination law beyond the traditional realms of age, race, religion, sex and disability.
India's largest drugmaker has falsified laboratory tests for generic drugs that had been approved for sale in the United States, officials at the Food and Drug Administration say.
HOOSICK FALLS, N.Y. -- For the Republican Party, the long road to a comeback winds through the hills, small towns and dairy farms of Upstate New York and runs smack through such places as the Halftime Sports Bar and Grill, where Mark Hansen was recently nursing an afternoon beer.
A mandatory cap on the nation's greenhouse gas emissions, which President Obama embraced on Tuesday as central to his domestic agenda, would be designed to generate badly needed revenue for the government while addressing arguably the world's most pressing environmental issue.
Just down from Arin Simon's place, two storefronts are empty now. An auto parts store vanished a few weeks ago, after nearly half a century on Fenton Street in Silver Spring. The hurt is visible on nearly every block. Simon sees it all around him, but the bell on his door keeps ringing.
Two years after it was mocked by national media outlets and made the butt of local jokes for its lack of fan support, Washington's once-dormant hockey team is enjoying a surge of interest that rivals anything the franchise has experienced in its 35 years.
President Obama intends to release a budget tomorrow that creates a 10-year, $634 billion "reserve fund" to partially pay for a vast expansion of the U.S. health care system, an overhaul that many experts project will cost as much as $1 trillion over the next decade.
The Treasury Department today issued a blueprint for administering "stress tests" for large banks to assess their ability to withstand a more severe economic downturn and said it was giving them immediate access to additional money from the government's $700 billion financial rescue program.
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