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General Electric

GE, Best Buy Suffer Credit Rating Setbacks

Two of the most iconic American brands suffered setbacks to their credit ratings on Wednesday, evidence that some of the nation's most visible economic engines could face higher borrowing costs.
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GM revamps 2014 Impala to attract families

General Motors Co is hoping a redesign of the Chevrolet Impala will end the car's reputation as a rental-lot staple and catch the eye of more retail customers. The Impala, a nameplate that was introduced in 1958, generated more than half of its sales last year from fleet customers. But the company says the 2014 model, with a quieter ride and cushy interior, will now attract showroom buyers.
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Fiat sees Europe car sales down for fifth year

European new car sales will decline for the fifth year in a row in 2012 to 13 million vehicles, Fiat Chief Executive Sergio Marchionne said on Wednesday, as the group moved a step closer towards a full-blown merger with U.S. automaker Chrysler.
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Obama signs insider trading bill, wants more curbs on Congress

President Barack Obama called on Wednesday for stricter controls on lawmakers to confront the corrosive influence of money in Washington as he signed into law an insider trading ban he said was needed to help restore trust in the U.S. government.
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New York Auto Show 2012: BMW 3 Series Goes Electric, As Classics Get Amped With New Designs And Apple Integration [PHOTOS]

The 2012 New York International Auto Show might feature a dizzying array of dazzling cars from around the world, but one little German automaker had all eyes steadily glued. BMW announced its new M5 and M6 models as well as the BMW X1 and the 6 Series Gran Coupe models. All new models stick to the quintessential BMW values - outstanding performance, exceptional efficiency and stunning design.
U.S. President Obama shakes hands with China's President Hu during expanded bilateral meeting in Seoul.

The Race Against Time: America vs. China

China's rise has unsettled many Westerners, especially Americans who fear Chinese influence could overwhelm that of the U.S. As the U.S. struggles through economic recovery, will China seize its chance to lead the world?
A board shows stock prices for Walmart, Linkedin, McDonald's and Coca-Cola at the booth they are traded on the floor of the New York Stock Exchange

Obama Signs Stock Act, Banning Insider Trading In Congress

Trading on nonpublic information is already illegal for House and Senate members, but the new law bars them and any other federal employee from trading on nonpublic information about upcoming legislation or regulations. It also tightens disclosure requirements on financial transactions.
China

China’s Premier: Bank Monopoly Must Be Broken

China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.
Traders work on the floor of the New York Stock Exchange

Markets Tailspin On New Greek Bank Woes

Stocks and commodities plunged Wednesday after the head of the European Central Bank -- a lynchpin in the euro zone's effort to contain the effects of its sovereign debt crisis -- suggested that some Greek banks will be left to collapse.
Gold bars in Hong Kong

Gold Plunges On ECB Comments That Boosted Dollar

Gold prices hit their lowest since early January on Wednesday as comments from the European Central Bank lifted the dollar to three-week highs against the euro, accelerating a fall sparked by declining expectations of more U.S. monetary easing.
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$100 Million Sought as New Discrimination, Immigration Violations Complaint Filed against L&T

In a new twist to the class claims lawsuit against India-based conglomerate Larsen & Toubro and its U.S. subsidiary L&T Infotech, an amended complaint has been filed to include yet another former female employee of the company who has alleged gender and pregnancy discrimination, and has also outlined in detail massive immigration violations that the company was indulging in.
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Geithner says U.S. far behind on housing finance reform

The United States is far behind on reforming the country's housing finance system, where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans, Treasury Secretary Timothy Geithner said on Wednesday.
The latest deal with Paramount means Google has rental deals with five of the six major Hollywood studios, including Paramount, Warner Bros., Disney, Universal Pictures, and Sony Pictures. The lone exception is 20th Century Fox, which is owned by Rupert M

Google Strikes Deal With Paramount: YouTube To Add 500 Movie Titles For Rental

Google announced a new deal with Paramount Pictures on Tuesday, which will make more than 500 movie titles available for rental on YouTube and the new Google Play platform. The deal was made even though Google is still embroiled in a four-year-old legal battle over copyrights with Paramount's parent company, Viacom.

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