Oil prices approach $42 as investors eyed an $800 billion-plus U.S. stimulus package aimed at increasing oil demand.
The following are the prepared remarks from a speech US Treasury Secretary Timothy Geithner delivered on financial stability, as released by the Treasury.
The Obama administration, through the Treasury Department, unveiled a renamed three part Financial Stability Plan to allow currently immobilized parts of the U.S financial industry to allow the flow of money to begin with support from the Federal government.
Intel Corp., the world's largest chip maker, plans to spend $7 billion upgrading its U.S. factories over the next two years in spite of tough economic conditions, the company said Tuesday.
General Motors said on Tuesday that it will cut its global work force by nearly 10,000, or 14 percent, this year and impose pay cuts on most of the remaining jobs
President Barack Obama urged Monday for more investment in new energy technologies such as solar, wind or hydrothermal, saying that is the way the United States can win the economic competition of the future.
The U.S. government's efforts to combat a declining economy and a financial industry burdened with heavy debts is reaching its climax this week as President Obama Barack Obama and Congress will put into motion plans to create or maintain jobs, provide tax cuts to consumers and businesses while making an attempt to free up the credit markets.
On Monday a suicide car bomber struck a U.S. patrol in northern Iraq killing four American soldiers and an Iraqi interpreter.
Across General Motors Corp. and Chrysler LLC there are fears of more plant closures and job cuts as the companies approach the February 17 deadline to show government they have viability capabilities.
A Moscow-based security company admitted today to an almost 11 day exposure of a database containing customer information.
On Monday, February 9, the Project 30 Task Force issued a final report to analyze the USA Team performance in Beijing five months ago.
McDonald's Corp., the world's largest hamburger chain said Monday its same-store sales rose 7.1 % in January; due to demand for McDonald's core menu and breakfast items.
General Motors Corp. is seeking to acquire some Delphi factories that make key parts for GM and the two companies are set to be in talks on Monday a source familiar with the negotiation proceedings said.
President Barack Obama is taking trips to two cities in Indiana and Florida hurting under the economic crisis to make his case for the large economic stimulus package that is facing opposition in Congress.
The U.S. Energy Department will use more than half of the $35 to $40 billion it will receive from the federal economic stimulus package for renewable energy projects.
As a Senate vote to approve an $827 billion economic stimulus package looms, a majority of Americans have not only made the economy and jobs their top priority but they have been fairly consistent in favoring legislation which is meant to give a boost to both at a time of financial crisis for the nation.
It's has started to battle with Toyota in Japan and will make its way to the U.S. in April
It's has started to battle with Toyota in Japan and will make its way to the U.S. in April
The Senate is set to vote on President Barack Obama's stimulus package as soon as tonight as centrists and Republicans sought last minute spending cuts to reduce its size, which has grown to more than $900 billion.
The Senate is set to vote on President Barack Obama's stimulus package as soon as tonight as centrists and Republicans sought last minute spending cuts to reduce its size, which has grown to more than $900 billion.
President Barack Obama signed an order Friday to create the Economic Recovery Advisory Board, a group of leaders with former Federal Reserve Chairman Paul Volcker as head that will discuss ideas and solutions to help the weakening U.S. economy.
President Barack Obama signed an order Friday to create the Economic Recovery Advisory Board, a group of leaders with former Federal Reserve Chairman Paul Volcker as head that will discuss ideas and solutions to help the weakening U.S. economy.
