Oil fell on Tuesday but held above $68 a barrel as investors took profit from a jump of more than 3 percent a day earlier, spurred by hopes of economic recovery on the back of improving factory activity.
General Motors filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.
General Motors Corp filed for bankruptcy on Monday, as the Obama administration took the first steps in court to try to revive a failed icon of American industry by extended unprecedented funding and oversight.
Exxon Mobil Corp, the world’s largest traded oil and natural gas company, is keeping fossil fuels as part of its primary strategy for the near term despite a growing U.S. government push for alternative energy sources with less impact on climate change, the company’s chief executive said recently.
Cisco Systems Inc announced on Monday its inclusion in the Dow Jones Industrial Average, replacing General Motor Corp which filed for bankruptcy in the morning, effective on June 8.
JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.
President Obama said on Monday that the U.S. government has no interest in running General Motors although tax-payers will own a majority of the strugling company after it emerges from bankruptcy.
U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.
The largest U.S. banks seeking permission to re-pay the government aid received will have to meet some conditions the Federal Reserve said on Monday.
The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.
JPMorgan Chase & Co said on Monday it plans to raise $5 billion of common equity, which it said will enable it to repay this month the $25 billion it took from the government's bank bailout plan.
So what happened to Air France Flight 447? It is early and speculation at this juncture is often wildly wrong. And remember, there are usually several factors that conspire to bring an airliner down.
U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
An Air France plane with 228 people on board was presumed to have crashed into the Atlantic Ocean on Monday after hitting stormy weather during a flight from Rio de Janeiro to Paris.
Cinedigm said on Monday it will host the first live, virtual question-and-answer session between a film's cast in one location and audiences in separate theaters to show off a new way that digitally equipped cinemas can lure audiences.
British singing sensation Susan Boyle was admitted to a London clinic suffering from emotional exhaustion after being beaten in the final of the Britain's Got Talent TV contest, judges on the show said on Monday.
The Walt Disney Co on Monday said it closed an $18 million deal to buy several Web sites from Kaboose Inc as part of a long-standing effort to beef up its Web presence and advertising muscle among parents, especially mothers.
Delphi Corp said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.
President Barack Obama said Monday the bankruptcy of GM was a “painful” yet necessary step to ensure the company’s survival.
The interactive videogame industry's biggest convention in Los Angeles promising a return to its glitzy past, but on the heels of weak sales and the slumping economy, the future of this fun and games business is no laughing matter.
U.S. stocks rose on Monday, sending the S&P 500 to a seven-month high, as reassuring economic data reinforced hopes of economic stabilization, while General Motor's long-expected bankruptcy petition lifted uncertainty about the automaker's fate.
