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Archive for 'business'

CIT amends restructuring plan with bondholders

October 19, 2009

Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company’s proposed restructuring plan as it […]

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GM to sell control of Opel to Russia-backed Magna

September 11, 2009

General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada’s Magna after months of fraught negotiations that […]

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NY’s Cuomo may charge BofA execs over Merrill

September 9, 2009

New York Attorney General Andrew Cuomo threatened on Tuesday to file charges accusing top Bank of America Corp executives of failing to disclose essential […]

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Stocks stage advance

August 23, 2009

Stocks rallied Thursday, with financial and technology shares spearheading the advance as a report showing surprise growth in the manufacturing sector and gains in […]

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Service sector shrinks less in June

July 9, 2009

The service sector contracted in June, but at a slower pace than in May, according to a report released Monday.
The Institute for Supply Management’s […]

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White House staff safe from Obama tax hike

July 7, 2009

President Barack Obama’s White House staff appears to be safe from a tax increase, for now.
The White House on Wednesday issued its annual report […]

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How much is enough? Maybe not as much as you thought

June 22, 2009

I have enough. I hope you find you do, too, when you consider what’s really important in your life.
I’ve pondered the question of […]

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Schwarzenegger to discuss drastic California cuts

May 22, 2009

California Gov. Arnold Schwarzenegger said he would meet with state leaders Wednesday after voters panned a handful of ballot measures designed to pull the […]

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Regional banks can’t catch a break

April 25, 2009

Even in this chilly economic climate, megabanks like Wells Fargo and Citigroup have somehow managed to make money.
A bit lower on the banking […]

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New GM CEO promises to make deep, fast cuts

April 2, 2009

Detroit — He doesn’t know exactly what the Obama administration wants him to cut, but Fritz Henderson, the new CEO of General Motors Corp., […]

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