U.S.

GM culture needs shake-up- ex-US task force chief

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Overcoming an entrenched corporate culture is the biggest question mark for General Motors Co management as it tries to maintain viability following its near failure this year, the former chief of the Obama administration's autos task force said on Wednesday.
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US Products Outlook-Gasoline shines as stocks down

Gasoline differentials in markets east of the Rockies are expected to hold unseasonal strong levels this week, after last week's surprise drawdown in inventories, as disciplined refiners hold the line on production, industry sources said on Monday.
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CareFusion begins shipping ventilators to US CDC

Medical device company CareFusion Corp said on Monday it has begun shipping more than 3,900 ventilators to the U.S. Centers for Disease Control and Prevention for inclusion in its strategic national stockpile in preparation for the H1N1 swine flu pandemic.
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Groups urge US to extend home purchase tax credit

Real estate and banking industry trade groups urged the Obama administration on Monday to press to extend and expand a tax credit for first-time home buyers that they said is instrumental to stabilizing the fragile housing market.
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GM CFO search complicated by US pay rules: report

General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.
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Morgan Stanley starts US refiners with in-line

Morgan Stanley started coverage of U.S. refiners with an in-line view, saying that drawing down of distillate inventories due to cold weather, tightening of excess capacity and economic recovery will combine to improve crack spreads, but the recovery will be long and slow.
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FEATURE-Rescue scams trap ever more desperate US homeowners

Describing the proliferation of fraudulent mortgage rescue schemes as an epidemic on Sept. 17, the U.S. Treasury, Department of Justice, the Department of Housing and Urban Development and the FTC announced they would work together to target investigations and increase their efficiency.
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US chemical makers seen poised to beat expectations

U.S. chemical makers are poised to post stronger-than-expected third-quarter earnings, but demand for their products could cool later this year as government stimulus programs unwind, industry experts say.
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US says AIG should lower retention payments

The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff but which have stoked a controversy over pay at taxpayer-supported firms.

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