GM CEO departs in shakeup by board
General Motors Co's chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker. Read Full Article here.
Dow hits 14-month high on data, dollar and Dubai
The Dow Jones industrial average climbed to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery. Read Full Article here.
Fed's Plosser: Timely withdrawal of stimulus crucial
The Federal Reserve must be prepared to raise interest rates if necessary before the jobless rate has fallen to acceptable levels, or risk losing its inflation-fighting credibility, a senior Fed official said on Tuesday. Read Full Article here.
Cutting jobless will take time: Summers
President Barack Obama's top economic adviser said on Monday that tackling high U.S. unemployment was vital but the problem would take time to fix. Read Full Article here.
Microsoft, News Corp reports overplayed: source
Reports that News Corp and Microsoft were in talks for an exclusive deal that would exclude Google are overblown, a source close to the situation said on Tuesday. Read Full Article here.
Senators urge renegotiation of U.S. trade deals
A group of U.S. senators urged President Barack Obama Monday to back legislation requiring the renegotiation of the North American Free Trade Agreement and a long list of other trade pacts they blame for millions of lost U.S. manufacturing jobs. Read Full Article here.