DETROIT — General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection.
WASHINGTON — The U.S. trade deficit in July hit the highest level in six months as a record rise in imports outpaced a third straight increase in foreign demand for American products, according to government data released Thursday. Both gains provid
WASHINGTON –“The world has been through the most severe financial crisis since the Great Depression. The crisis in turn sparked a deep global recession, from which we are only now beginning to emerge,” Federal Reserve chair Ben Bernanke
WASHINGTON — The unemployment rate jumped almost half a point to 9.7 percent in August, the highest since 1983, reflecting a poor job market that will make it hard for the U.S. economy to begin a sustained recovery.
RICHMOND, Va. - Two of the three largest U.S. tobacco companies filed suit against federal authorities Monday, claiming a law that gives the U.S. Food and Drug Administration new authority over tobacco violates their right to free speech.
The past 12 months have been like a roller-coaster ride through an economic horror show. On the downhill slope, we have seen brokerage and bank failures, a contentious presidential election, an $800 billion dollar stimulus package and we hit the bottom in
WASHINGTON — The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's federal bailout, The New York Times reported Sunday.
ST. LOUIS — The federal government has agreed to investigate whether the Missouri Department of Transportation is sufficiently involving minority-owned businesses in projects that use federal stimulus dollars.
NEW YORK — A top Ford executive expects industrywide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.
A ribbon-cutting and dedication of 75th Street, east of the Dan Ryan Expressway, known as the Black Wall Street District in Chicago will occur on Aug. 29.
