Tag: business
From left, Rick Wagoner of General Motors, Ron Gettelfinger of the U.A.W, Alan R. Mulally of Ford and Robert L. Nardelli of Chrysler.
WASHINGTON — As the Senate banking committee debated a potential rescue package for American automakers,...
WASHINGTON — General Motors, increasingly desperate for a federal bailout to stave off financial collapse, told Congress on Tuesday that it was willing to drastically shrink every aspect of its operations to ensure its long-term survival.
On...
Treasury Secretary Henry M. Paulson Jr. spoke at the Fortune 500 Forum in Washington on Monday.
WASHINGTON — The United States economy officially sank into a recession last December, which means that the downturn is already longer than...
Now that the government has spent nearly $1.4 trillion to stabilize the financial system, economists and policy makers — and the president-elect — are trying to figure out how much must be invested in a stimulus package to stop the recession,...
A shopper loading a TV into a cab outside a Circuit City in New York. Retailers are trying to spur demand for TVs by dropping prices.
SAN FRANCISCO — In a volatile year that has turned many Americans into armchair economists, here’s an...
A worker checks frozen chicken wings at a Tyson plant in Springdale, Ark.
For more than a year, food manufacturers have been shaving package sizes and raising prices, declaring that they had little choice because of unprecedented increases...
Why all those Great Depression analogies are wrong.
t’s difficult to avoid the comparisons between the current sad state of financial affairs and the Great Depression. “This is not like 1987 or 1998 or 2001,” Merrill Lynch...
G.M. says the Chevrolet Volt will be able to travel 40 miles on a charge, but a gas engine could extend its range to 640 miles
DETROIT — The Chevrolet Volt, a plug-in hybrid, will not arrive in showrooms until late 2010. But it is already...
litalia special commissioner Augusto Fantozzi gave the green light for the sale of the ailing national air carrier, the airline’s press office said Wednesday.
The announcement followed Economic Development Minister Claudio Antonio Scajola’s...
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