General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.
New York Attorney General Andrew Cuomo on Tuesday said an associate of Henry Morris, a top fund-raiser for a former New York state official, pleaded guilty to securities fraud and is cooperating with the state's probe into corruption surrounding public pensions.
General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.
Improved credit markets have brought stabilization to the economy but it is still not clear when growth will resume, General Electric Co Chief Executive Jeff Immelt said on Tuesday.
Over the following weeks 450 selected drivers will be driving the first highway legal Mini E car - the all electric zero emissions version of Mini Cooper - as part of a leasing program.
The rebuilding of the World Trade Center site needs to get back on track, New York State Assembly Speaker Sheldon Silver said on Friday, saying that at least two World Trade Center towers should be built without further delay.
The CEO of Bank of America Corp., Kenneth Lewis said on Friday the bank is able to raise the required capital to meet the requirements of the stress tests and that he plans to stay with the bank until the needs are met.
The Statue of Liberty's crown on Ellis Island, which has been closed to the public since the September 11, 2001 attacks on the World Trade Center, will reopen on July 4, U.S. Independence Day, Interior Secretary Ken Salazar said on Friday.
Stocks rose on Friday after the government's stress test results on big banks increased optimism about financial stocks, and data showed employers cut fewer-than-expected jobs in April.
U.S. stocks fell on Thursday after analyst downgrades hit the telecom sector and investors booked profits in technology stocks, with enthusiasm also fading over results from bank stress tests.
Tonight, instead of more charts that demonstrate an increasingly broken market, or links to mainstream media sources of exponentially diminishing value, I provide a selection
Chrysler chief executive Bob Nardelli praised a court decision that opens up the way for the bankrupt firm to sell its assets, creating an alliance with Fiat SpA.
Chrysler chief executive Bob Nardelli praised a court decision that opens up the way for the bankrupt firm to sell its assets, creating an alliance with Fiat SpA.
Bankrupt Chrysler has a clear path to an alliance with Italy's Fiat SpA, the U.S. company's chief executive said while rival Ford Motor Co reported on Wednesday it has sufficient liquidity and its restructuring remains on track, boosting its shares.
The father of money market funds, Reserve Primary Fund founder Bruce Bent Sr., was among those charged with fraud on Tuesday by securities regulators for allegedly failing to tell investors about the fund's vulnerability to Lehman Brothers' bankruptcy.
Federal Reserve Chairman Ben Bernanke testified at the Joint Economic Committee on Tuesday that he never asked Kenneth Lewis, chief executive officer of Bank of America Corp., to remain silent about the Merrill Lynch & Co. losses, before its January 1 acquisition.
In recent months the availability of jumbo loans has decreased while the interest rate spread between jumbo rates and ten-year treasuries has widened. These developments are having a negative effect on the housing market.
U.S. securities regulators charged an investment firm and one of its executives in connection with a multimillion-dollar kickback scheme involving New York's largest pension fund, the Securities and Exchange Commission said on Thursday.
The Dow and the S&P 500 briefly turned negative on Thursday, while the Nasdaq trimmed gains, as investors fretted about the likely fallout from Chrysler's bankruptcy filing and as shares of energy companies weighed.
Bank of America Corp CEO Kenneth Lewis, facing a vote that could strip him of the chairmanship of the largest U.S. bank, defended his management decisions before thousands of shareholders at the bank's annual meeting on Wednesday.
A Mexican toddler in Texas has died of the new swine flu virus, the first confirmed death outside Mexico, as the World Health Organization said the outbreak showed clear signs of spreading around the world.
(Corrects last paragraph of April 28 story to reflect non-prosecution agreement announced April 7 between PartyGaming
