Bank of America Corp. says it expects to eliminate 30,000 to 35,000 jobs over the next three years.
General Motors is saving every cent it can, from shutting down escalators at night to limiting workers’ choice of pens, in case it needs to fight to survive beyond year’s end and until a friendlier Washington takes over.
A new surge in defaults and foreclosures is likely in 2009 and 2010 as as risky “pay option” mortgages reset to sharply higher monthly payments.
A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.
The former Senate Majority Leader will pull double duty in the Obama administration, serving as the Health and Human Services secretary and overseeing a new White House Office of Health Reform.
In remarks prepared for delivery, on Thursday, December 11, 2008, the president-elect discussed the economy, the problem with the Illinois governor’s naming of a new senator and administration nominations.
Monday is the day that the electors for each state meet in each state’s Capitol and in the District of Columbia to cast their votes for president. Here are some of the basics on the election and the electors.
Whatever the outcome of the past three weeks of congressional wrangling over the fate of the Detroit automakers, a new political star has emerged from the fray: Tennessee Republican Sen. Bob Corker.
The President-elect said Thursday he was “absolutely certain” there was no involvement by his staff with the alleged dealmaking by the governor of Illinois for his Senate seat.
Dozens of developing countries exaggerated figures on how many kids were vaccinated against deadly diseases, which allowed them to get money from U.N.-sponsored programs.
