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Ford Earns $997 Million, Projects Solid 2011 Profit
Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted net income of $997 million in the third quarter and its first operating profit since early 2008. Ford ...Posted by Derek Hawkins -
Senate Finance Panel Passes $829 Billion Health Plan
The Senate Finance Committee approved an $829 billion plan to overhaul U.S. health care, clearing the way for a full Senate debate over the broadest expansion of the ...Posted by Derek Hawkins -
Obama Says Small Businesses to Gain From Health-Care Overhaul
President Barack Obama said small businesses that are now overwhelmed by medical-insurance costs would benefit from his proposed overhaul of the U.S. health-care system. In ...via Google News -
War of Words on Banker Pay May Melt Into Accord at G-20 Talks
Global leaders meeting at the Group of 20 summit in Pittsburgh next week are moving toward a compromise on compensation rules that fall short of the political rhetoric ...Posted by Derek Hawkins -
Zardari Says Swat Battle Helps Pakistan’s Strategy on Extremism
Pakistan’s offensive to oust Taliban fighters from the Swat Valley in the northeast will help the country implement its plan to control extremists, President Asif Ali ...Posted by Emma Asomba -
Obama Says Economic Stimulus Plan Worked as Intended
President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to ...Posted by Leo Romero -
House Democrats to Advance Health-Care Plan as Republicans Balk
House Democrats drafting health-care overhaul legislation will lay out proposals today that include creating a government-run program to help cover the uninsured, even as ...Posted by Kaizar Campwala -
TARP Warrant Sale Shows Banks May Reap ‘Ruthless Bargain'
Banks negotiating to reclaim stock warrants they granted in return for Troubled Asset Relief Program money may shortchange taxpayers by almost $10 billion if Treasury ...Posted by Kaizar Campwala -
Shell Faces Trial Over Nigerian Crimes Against Humanity Claims
Shell faces a trial May 26 in Manhattan federal court of a lawsuit by three alleged victims of attacks and relatives of seven activists killed from 1990 to 1995, including the ...Posted by Dwight Rousu -
Exxon, Chevron Count Every Dollar to Protect $40 Billion Hoard
Exxon Mobil Corp. and Chevron Corp., their coffers swollen by last year’s record oil prices, are maneuvering to preserve a combined $40 billion in cash amid a global ...Posted by Jim Lang
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Soaring U.S. Unemployment Threatens Path to Economic Recovery
The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, threatening the emerging economic recovery and giving President Barack Obama ...via Google News -
Unemployment in U.S. Jumps to 10.2%, Payrolls Fall
The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers ...Posted by Derek Hawkins -
Citi, Bank of America Managers Averaged $18 Million Pay in 2008
Oct. 24 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. paid top executives an average of $18.2 million each last year as the banks accepted $90 billion of bailout ...Posted by JPINSATX JOHN P -
Pakistan Army Targets Hometown of Taliban Suicide-Bomb Trainer
Pakistan’s army said it was targeting the hometown of the architect of the Taliban’s suicide bombing campaign as it presses an offensive against up to 10,000 militants. ...Posted by Emma Asomba -
A Roadmap to Health-Care Overhaul by Christmas
Over the next couple of months, a sausage factory will seem tidier than the U.S. Congress. The disposition of the huge health-care overhaul will be a messy dance of legislationPosted by Jo Bobenhouse Smith -
Geithner Aides Reaped Millions Working for Banks, Hedge Funds
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., ...Posted by Kaizar Campwala -
Insurers Attack Health Overhaul Before Senate Vote
Senate Finance Committee Chairman Max Baucus fought to hold together an industry coalition in support of revamping U.S. health care after insurers waged a late attack on his ...Posted by Derek Hawkins -
Health-Care Plan Future Rests on Snowe, Democrats (Update1)
The future of U.S. health-care legislation now depends on warring Democrats, number-crunching analysts and, possibly, one senator from MainePosted by Jo Bobenhouse Smith -
California’s Budget Suffers ‘Major Blow’ as Debt Sales Loom
“Revenues more than $1 billion under estimates and recent adverse court rulings are dealing a major blow to a budget that is barely 10-weeks old,” Controller John Chiang ...Posted by Cynthia Gilbert -
House Moves Closer to Combined Health Measure With Tax Changes
House Democrats are close to completing a draft of legislation calling for the broadest expansion of the U.S. health-care system in more than four decades as they consider a ...via Google News
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