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General Motors

U.S. judge to approve plan that pays GM creditors

A federal judge said on Thursday he would approve the bankruptcy plan for Old GM, wrapping up one of the most complex Chapter 11 cases in U.S. history and paving the way for a distribution of General Motors stock and warrants to creditors.
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Hard time for Iraqi refugees in weak U.S. job market

Fleeing after years of war in Iraq, many refugees arriving in the United States can't find the jobs they need to rebuild their lives. Unemployment among Iraqi refugees is estimated at nearly three times the national average of 9 percent, and up to 2,000 of those who arrived in the past four years may have left for other countries.
Silhouetted workers walk in front of office towers in the Canary Wharf financial district in London

Data points to strengthening growth, jobs market

The number of Americans filing new claims for jobless aid hit the lowest level in more than 2-1/2 years last week and service sector hiring picked up in February, signs the labor market recovery was quickening. Another report on Thursday confirmed business productivity picked up a bit in the fourth quarter
Traders work on the floor of the New York Stock Exchange

US futures up ahead of GDP data

Futures on major U.S. stock indices remained range-bound on Friday ahead of economic data including key GDP figures from the government.
Microcomputer fitting into your eye down the lane

A microcomputer that may fit in your eye

Researchers have developed what is believed to be the first complete millimeter-scale computing system, designed to be implanted into the human eye to track the progress of glaucoma, a potentially blinding disorder.
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Weekahead: Housing, GDP data in focus

Investors are likely to focus on major economic data to be released during the week to gauge the strength of recovery in the world’s largest economy. The main focus will be housing and economic activity, while rising Middle East tensions are expected to weigh on markets.
Top Indian tech firms to hire local US talent

Top Indian tech firms to hire local US talent

Indian technology companies are now looking to hire fresh engineering graduates from American universities, as stringent immigration norms and high unemployment in the US make local hiring attractive, said a media report.
General Motors auto assembly workers lower an engine onto the chassis for Chevrolet Silverados and GMC Sierra pickup trucks at the Flint Assembly in Flint, Michigan

GM set to pay hourly workers at least $4,000 bonus

General Motors Co (GM.N) will pay its 45,000 hourly workers in the United States a bonus of at least $4,000 each, the automaker said on Monday. The average employee payout will be finalized by the end of February. The payments will be doled out on March 25, a company spokeswoman said.
Internet slowly kills traditional bookstores

Borders Files for Bankruptcy; Stock Plunges 25 pct

The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.
 Obama plans 4G for 98% American household by 2016

Obama plans 4G for 98% American households by 2016

The United States plans to build high-speed 4G wireless services network and make it available to at least 98 percent of Americans households by 2016, President Barrack Obama said during a speech at Northern Michigan University in Marquette, Michigan.
Google Doodle on Thomas Edison's 164th Birthday

Thomas Edison's Electric Bulb Lights on Google Doodle

For the first time, Google Inc. is celebrating American inventor Thomas Alva Edison's 164th birthday on February 11 with a new still moving doodle logo on its classic homepage featuring some of his best inventions.

Lawmakers try again for China yuan bill

A bipartisan group of 101 lawmakers in the House of Representatives launched a new bid on Thursday to pass legislation aimed at pressuring China to let its yuan currency rise in value.

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