GM still ailing, burning through cash

DETROIT — For General Motors Corp., nothing has stopped the bleeding. Not cutting 50,000 jobs in the U.S. Not closing 11 factories. Not $13.4 […]

Mass layoffs down in January

There were fewer mass layoffs in January, with the brunt of the job casualties occurring in the South and in temporary-help services, according to […]

Booming biz: Shrinkwrapping stalled construction

Mike Enos didn’t foresee the recession when he launched Fast Wrap, a Reno company that seals buildings and other very large objects in protective […]

No sign Stanford’s lavish St Croix assets frozen

Millions of dollars of Allen Stanford’s assets on St. Croix remained unfrozen on Monday, even after a court-appointed receiver was said to have arrived […]

Housing grants’ looseness stirs grumbling

Tucked into the economic stimulus package signed by President Barack Obama last week was $2 billion to expand a nascent and controversial program to […]

Daimler cuts dividend on fourth-quarter loss

German carmaker Daimler declined to give a detailed earnings outlook for 2009 when posting a fourth-quarter operating loss, saying only that it expected demand […]

Japan GDP slumps, leaders look for alternatives

Japan fell deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, with its reliance on exports and soft […]

Steel and solemnness

Faces and clothes smudged with the grime that defines their labor, three dozen shift workers at Amsted Rail (American Steel Foundry) took advantage of […]

Stimulus efforts eclipse bank plan

WASHINGTON–The Obama administration has pushed back until tomorrow the announcement of a keenly awaited bank rescue plan as it pressed lawmakers to settle their […]

Job losses smash records

Canada’s manufacturing sector continued to bear the brunt of the economy’s job losses last month as the automotive industry scaled back production in response to […]