GM edged closer to preparations for possible bankruptcy on Wednesday, a source familiar with the company's plans said, while Germany extended its subsidy for scrapping old cars.
There's still bad news ahead for the U.S. economy and the bear market for stocks is not over yet, according to a prominent economist who foretold much of the current turmoil.
General Motors Corp is in intense and earnest preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.
Australia's government will build a A$43 billion ($31 billion) high-speed broadband network, leading a new private-public company, after rejecting bids by companies that it said failed to offer value for money.
Australia's government will build a A$43 billion ($31 billion) high-speed broadband network, leading a new private-public company, after rejecting bids by companies that it said failed to offer value for money.
Australia's government will build a A$43 billion ($31 billion) high-speed broadband network, leading a new private-public company, after rejecting bids by companies that it said failed to offer value for money.
U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the Chinese Warren Buffett and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said on Monday.
This season's $60 a gallon price tag on maple syrup makes for one expensive pancake breakfast, but it's a windfall for those who coax it out of trees.
Microsoft's Virtual Earth has released the Virtual Earth Silverlight Map Control community technology preview (CTP) which supports video, animation, and vector graphics.
Strong results from Research in Motion lifted technology shares on Friday, helping nudge U.S. stocks into positive territory despite grim employment and service sector data.
The Dow industrials declined on Friday, as bleak jobs data and a sharper contraction in the services sector overshadowed reassuring results from BlackBerry maker Research in Motion .
NATO marks its 60th anniversary with a summit late on Friday at which U.S. President Barack Obama hopes to secure NATO backing for a new strategy in Afghanistan.
Shares of BlackBerry maker Research In Motion jumped more than 20 percent on Friday, a day after the company surprised investors with a strong profit report and a rosy outlook for its smartphones despite a grim economy.
American International Group Inc said Thursday it has completed the sale for $263 million to Bank of Montreal's BMO Financial Group, according to the reports.
The prospect of a new iPhone launching this year could spark new interest in the firm’s venerable gadget.
Research In Motion has launched an online store selling entertainment, games, news and travel applications to BlackBerry users.
Research in Motion today launched its online applications catalog, dubbed App World in response to competitors like Apple and Google who already offer exclusive applications in the marketplace.
Research In Motion has launched an online store selling entertainment, games, news, and travel applications to its BlackBerry users.
Australian miner OZ Minerals agreed to sell most of its assets to China's Minmetals for $1.21 billion on Wednesday, securing Australian mining's second big Chinese investment in as many days.
Honda Motor Co Ltd said on Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and said it would cut pay for salaried and factory workers.
The United States is heading for only a tepid recovery next year, and the central bank may need to buy even more assets to combat the growing threat of deflation, the OECD said on Tuesday.
Canada said on Monday plans set out by the Canadian units of General Motors Corp and Chrysler don't go far enough to make them viable, but it offered C$4 billion ($3.2 billion) in bridge loans to tide the automakers over while they restructure.
