General Motors Corp shares plunged 16 percent on Monday as traders shed positions out of fear the U.S. government will push the automaker into a bankruptcy that could wipe out existing equity.
U.S. Secretary of State Hillary Clinton visits Haiti on Thursday to talk about how to promote stability in the Western hemisphere's poorest nation despite its long history of violence and political unrest.
General Electric Co. was a leader provider of wind turbines to such energy market in 2008 in the United States with a big margin, followed by Vestas Wind Systems, Siemens and Suzlon and Gamesa far behind, the American Wind Energy Association reported.
The sale of the Chicago Cubs baseball team could drag on past May as the Ricketts family arranges financing for its $900 million bid and works for Major League Baseball's approval.
President Barack Obama's move to allow U.S. telecommunications companies to apply for licenses in Cuba is aimed at increasing the flow of information to the communist-ruled island, the White House said on Monday.
MetLife , the largest U.S. life insurer, on Monday said it will not take money from the government's $700 billion Troubled Asset Relief Program, saying it already has sufficient capital.
The S&P 500 and Nasdaq rose on Monday as bets that major banks will post reassuring quarterly results fueled a run-up in financials, offsetting uneasiness about the fate of General Motors .
Many U.S. hotel chains like to offer USA Today, The Wall Street Journal or their local newspaper as a courtesy to guests. Marriott International Inc will offer a different courtesy: no paper at all.
President Barack Obama on Monday eased the way for U.S. telecommunications firms to do business with Cuba and relaxed some other restrictions on the communist-ruled island, opening a crack in a decades-old U.S. embargo.
The Security Council on Monday unanimously condemned North Korea's long-range rocket launch nearly two weeks ago as contravening a U.N. ban, and demanded enforcement of existing sanctions against Pyongyang.
MetLife Inc , one of the largest U.S. life insurers, on Monday said it will not take money from the government's $700 billion Troubled Asset Relief Program, saying it already has sufficient capital.
Diversified U.S. manufacturer SPX Corp slashed its 2009 profit forecast by about 18 percent, warning that it expects revenue to be weaker than forecast as a global downturn hurts demand for its products.
The S&P 500 and Nasdaq rose on Monday as bets that major banks will post reassuring quarterly results fueled a run-up in financials, offsetting uneasiness about the fate of General Motors .
Chrysler and potential partner Fiat SpA are discussing a new management and board for the U.S. automaker under a proposed alliance that could see Fiat take a stake in Chrysler, Automotive News reported on Monday.
The U.S. has reached the halfway point in its fiscal year but it has already racked up nearly $1 trillion in unpaid bills.
With three rounds of layoffs announced since the year began, Google is showing rare signs of vulnerability.
Oil fell more than 4 percent on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest level ever.
Citigroup Inc's and Bank of America Corp's shares rose Monday on hopes that the two banks will post the same sort of first-quarter profits that Wells Fargo & Co forecast late last week.
The Federal Reserve Bank of New York purchased $7.37 billion of treasuries maturing between 2011 and 2012 Monday, as part of the central bank's efforts to reduce lending rates and help the world's largest economy out of recession.
In a move to ensure that all of jailed swindler Bernard Madoff's personal wealth is used to pay his defrauded customers, some investors filed court papers on Monday to force him into bankruptcy.
Citigroup has told potential buyers of its Japanese retail brokerage arm that it may also be willing to sell its investment banking and asset management operations in Japan, sources familiar with the matter said.
