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.
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.
President Barack Obama said Monday the bankruptcy of GM was a “painful” yet necessary step to ensure the company’s survival.
General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
Israeli settlers are waging court battles to evict dozens of Palestinians from homes in an East Jerusalem neighborhood, a move threatening to widen Israel's rift with U.S. President Barack Obama over settlements.
U.S. President Barack Obama makes a second foray into European diplomacy this week facing pressure to demonstrate his consensus-building foreign policy can produce results where his predecessor George W. Bush's go-it-alone style failed.
PV Crystalox Solar expects 2010 will prove better for the solar industry as new stimulus packages take effect and as weak demand and inventory overhang that has hit pricing improves in the second half of this year.
General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
General Motors Corp will file for bankruptcy on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.
General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy filing before markets open on Monday.
General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy on Monday and heralding a new and uncertain era for the No. 1 U.S. automaker.
General Motors Corp will file for bankruptcy protection before financial markets open Monday morning, sources with direct knowledge of the preparations said on Sunday.
Four key U.S. Senate Republicans on Sunday questioned past statements and legal decisions by Judge Sonia Sotomayor but stopped short of threatening to derail her nomination to the Supreme Court.
President Barack Obama will try to repair America's tarnished image in the Muslim world on Thursday, as he looks to mobilize support for restarting Middle East peacemaking and thwarting Iran's nuclear ambitions.
General Motors Corp and the U.S. government finalized plans on Sunday for the battered automaker to reorganize, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday.
General Motors Corp finished a key piece of business on Saturday before a bankruptcy filing planned for Monday as the deadline expired for bondholders to accept an exchange offer brokered by the Obama administration.
Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent.
General Motors Corp on Saturday finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration expired.
President Barack Obama pushed back on Saturday at conservative critics of his Supreme Court nominee, Sonia Sotomayor, accusing them of twisting her words to score political points.
The United States has made a new request for Australia to accept a group of detainees from Guantanamo Bay for resettlement, a government spokeswoman said on Saturday.
General Motors Corp will find out on Saturday if investors holding $27 billion in the automaker's bonds will accept an exchange offer as it races to tie up loose ends before a bankruptcy filing next week.
