Vladimir Putin “We discussed this important issue yesterday over a beer...”
Barack OBAMA “You know, my faith is one that admits some doubt...”
Oil prices hit a fresh six-month high, buoyed by falling US stockpiles, amid signs the US economy is not shrinking as fast as people thought.
US light crude for July delivery climbed $1.23 to close Friday trading at $66.31 a barrel.
A Commerce Department report on first quarter GDP showed a 5.7% contraction - revised down from [...]
America’s largest automaker is on the verge of declaring bankruptcy. General Motors is expected to make the announcement Monday before U.S. financial markets open. The move will clear the way for GM to reorganize, shed assets, and clear away debt.
White House officials say GM will file for bankruptcy protection Monday in federal court.
The move will [...]
Even before the official kickoff of the seventh annual annual “D: All Things Digital” conference, Facebook was making waves at the event: Hours after the company announced a $200 million cash infusion from Digital Sky Technologies that values the social media site at $10 billion, Digital Sky partner Alexander Tamas was making the rounds at [...]
Canadian Auto Workers members voted 86 percent in favor of a cost-cutting deal with General Motors Canada as the automaker bids to qualify for more government loans and assure its future in Canada.
Union leader Ken Lewenza said his members had no choice but to vote for the deal.
“They understand the crisis in the auto industry,” [...]
