Share Washington — The economy grew at a solid 3.2 percent pace during the first quarter of this year as consumers boosted their spending by the most in three years. The Commerce Department’s initial estimate ofthe economy’s performance in the January-to-March quarter, released Friday, provided more evidence that the economy is strengthening. Sphere: Related Content
Share Washington — As the country was sinking into its worst financial crisis in more than 70 years, Security and Exchange Commission employees and contractors cruised porn sites and viewed sexually explicit pictures using government computers, according to an agency report obtained by CNN. Sphere: Related Content
Share New York — General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, paying off the last of its $6.7 billion in loans, the company said Wednesday. Sphere: Related Content
Share As a growing number of young women obtain advanced degrees, the U.S. Census Bureau predicts more women than men are expected to become doctors, lawyers and professors. Sphere: Related Content
Share New York – For the first time in two years, more CEOs expect to be adding jobs than cutting jobs. Sphere: Related Content
Share Washington – The government accused Toyota of hiding a “dangerous defect” and proposed a record $16.4 million fine on Monday for failing to quickly alert regulators to safety problems in gas pedals on popular models such as the Camry and Corolla. Sphere: Related Content
Share New York — The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday. The Labor Department said the economy gained 162,000 jobs in the month, compared to a revised reading of a 14,000 job loss in February. That makes March [...]
Share New York – Toyota sales surged 40 percent in March compared with last year after the automaker offered some of its deepest discounts ever to cope with the fallout of millions of recalls. Sphere: Related Content
Share New York — Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue. Sphere: Related Content
Share Washington – The Obama administration will announce Friday a plan to reduce the amount some troubled borrowers owe on their home loans, after months of criticism that it hasn’t done enough to prevent foreclosures. Sphere: Related Content
Share LONDON — An accounting maneuver known as “Repo 105″ was a “drug” that helped maintain a veneer of health on Lehman Brothers’ crumbling balance sheet in the months running up to its bankruptcy, a report from a court-appointed examiner shows. Sphere: Related Content
Share New York — Carlos Slim Helu takes No. 1 spot on Forbes World’s Billionaires list as a record 164 10-figure titans return to the ranking amid the global economic recovery. Sphere: Related Content
Share WASHINGTON — The Senate voted Wednesday to extend key pieces of last year’s economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor. Sphere: Related Content
Share NEW YORK — The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. Sphere: Related Content
Share Washington — In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. Sphere: Related Content
Share NEW YORK – General Motors Co. will reinstate 661 dealerships it sought to drop from its sales network. GM executives said Friday that the dealerships — more than half of those seeking to stay with the automaker — will receive letters giving them the option to remain open. Sphere: Related Content
Share WASHINGTON – New claims for jobless benefits fell last week in a sign that layoffs may be easing as the economy slowly recovers. Sphere: Related Content
Share Washington — Should Ulysses S. Grant, the legendary Union general and 18th president of the United States, be bumped from his 96-year stint on the $50 bill? Sphere: Related Content
Share WASHINGTON – New York Rep. Charles Rangel temporarily stepped aside as chairman of the House Ways and Means Committee Wednesday as he struggled with mounting ethics woes that left his political future uncertain at best. Sphere: Related Content
