U.S. Hopes to Ease G.M. to Bankruptcy
By MICHAEL J. de la MERCED and JONATHAN D. GLATER
The government is seeking to avoid court chaos by persuading at least some creditors to agree to a plan that would cleave General Motors into two pieces.
Ford reported that its sales were 41 percent lower than a year earlier, while Volkswagen said sales fell 20 percent.
The government is seeking to avoid court chaos by persuading at least some creditors to agree to a plan that would cleave General Motors into two pieces.
The United Automobile Workers union is under pressure to make concessions as General Motors and Chrysler struggle.
A plan that provides government subsidies to drivers who junk their old jalopies for new cars has exceeded expectations.
Fiat would get distribution in the United States, and supply platforms to build new small cars.
After meeting with Prime Minister Gordon Brown of Britain, President Obama played down reports of discord.
Shares recovered early losses after a trade group said the U.S. economy shed an estimated 742,000 private jobs in March.
Pending home sales rose 2.1 percent, in line with expectations, as buyers took advantage of deeply discounted prices and low interest rates, a trade group said.
Job preservation has become a national drive, with the government appealing to unionized workers and management to set aside differences.
Data from three of Asia’s largest economies shows that the world is still in the midst of a severe downturn.
Massachusetts’ top securities regulator has sued Fairfield Greenwich Advisors, which directed billions of dollars of its clients’ money into Bernard L. Madoff’s investment firm.
The data showing a larger-than-expected increase in February comes a day before the European Central Bank meets on interest rate policy.
Regulators say the company has settled an antitrust case by agreeing to cut fees. But the company says its move is only temporary pending a ruling.
Workers at the Grenoble plant released the managers after President Nicolas Sarkozy said he would meet with union members who are disputing severance packages.
Jonathan F. Miller, who led AOL from 2002 to 2006, will oversee News Corp.’s digital businesses, including MySpace.
The $1.2 billion sale to Minmetals marks the Australian mining sector’s second big Chinese investment in as many days.
The bad economy is creating a flotilla of forsaken boats, which are environmental and navigational hazards.
The new restrictions on executive compensation and dividend payouts has made aid from the Troubled Asset Relief Fund less palatable to bank managers.
The legislation, which authorizes the F.D.A. to approve or reject tobacco products and ingredients, is expected to be approved by the House, but could meet resistance in the Senate.
Facing shrinking markets at home, Japanese companies must expand foreign sales or face longer-term decline.
Anxiety runs high at Kettering University, formerly G.M. Institute, where students who once trained to work in the auto industry are looking outside their chosen field.
The list of customer account names found by the court-appointed trustee in the records of Bernard L. Madoff’s wealth management firm.
Though seven major financial firms lost more than $100 billion since 2007, they have paid their top executives $464 million since 1995.
How the money from the Troubled Asset Relief Program is being doled out to banks, insurance companies and others.
An overview of government support, beyond the $700 billion bailout known as TARP, given to companies from banks to car companies.
Since the Great Depression, presidents have tried many methods to fight recessions. Three economists explain what worked and what didn’t.
The retailer's feud with an activist fund is shaping up to be the season's first major proxy battle.
European leaders are resisting calls for stimulus measures, but history shows that they often work.
Under Congressional pressure, the board that sets accounting standards is preparing to alter a rule in a way that will let banks report smaller losses.
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A cross section of Detroiters say they wish they could persuade the country why G.M. and Chrysler, and by extension Detroit, deserve to be saved.
Updated: A map of unemployment rates across the United States, now through January.
A continuously updated summary of credit crisis developments.