President Obama I am not for the people, I am for the Government
Many major companies like Circuit City and Linens ‘n Things went bankrupt during the economic crisis of 2008-2009. These companies folded under high debt levels and a decline in sales. Just because some companies were able to survive the economic downturn of the past few years doesn’t mean they are out of the woods yet. [...]
The Treasury Department says automaker General Motors Co. and insurer Hartford Financial Services Group Inc. have repaid billions of bailout dollars.
Treasury says GM repaid $1 billion of $6.7 billion in loans it received as part of a $50 billion rescue. Hartford repaid its entire $3.4 billion bailout.
The money came from a $700 billion bailout that [...]
Even in a weak economy, Americans increasingly feel that gadgets such as smart phones aren’t luxuries but necessities.
That shift has helped electronics sales weather the recession better than some other categories and helped Best Buy post a strong fourth-quarter profit Thursday on a steep sales increase fueled by flat-panel TVs, notebook computers and wireless gadgets.
Best [...]
Sprint Nextel Corp. is aiming to make video calls a selling point of the new, faster data network that it’s spending billions with co-investors to build.
The wireless carrier on Tuesday announced that this summer, it is launching the first phone that will be able to use the new Clear wireless broadband network. Though it is [...]
PepsiCo, largely known for junk-food brands such as Doritos and Pepsi, is setting out to triple its sales of healthier fare in the next decade.
PepsiCo Inc. unveiled the new goal for brands such as Tropicana, Dole, Quaker and Tazo teas on Monday at an investor event. The company also backed its forecast for long-term earnings [...]
WASHINGTON — The number of newly laid-off workers requesting jobless benefits fell slightly last week for the third straight time. But initial claims remain above levels that would signal net job gains.
New claims for unemployment insurance fell 5,000 to a seasonally adjusted 457,000, the Labor Department said Thursday. That nearly matched analysts’ estimates of 455,000, [...]
Lindsay Lohan is no milkaholic.
And that’s likely why the 23-year-old star is suing financial company E-Trade for $100 million for using her name in its latest commercial about a boyfriend-stealing “milkaholic” baby.
In the ad, which debuted during this year’s Super Bowl in February, a baby boy apologizes to his girlfriend for not calling her [...]
Toyota Motor Corp. plans to try to undercut suggestions that its electronics systems caused the sudden acceleration problems that led to the recall of more than 8 million vehicles.
The automaker will host a Webcast event Monday at 1 p.m. EST during which it will seek to debunk a critic who claims faulty gas pedals did [...]
NEW YORK – General Motors Co. will reinstate 661 dealerships it sought to drop from its sales network.
GM executives said Friday that the dealerships — more than half of those seeking to stay with the automaker — will receive letters giving them the option to remain open. GM said it would not have enough time [...]
President Barack Obama will visit Savannah on Tuesday and almost assuredly talk about jobs, coupled with a splash of optimism.
Obama’s first visit to Georgia since his election is the third stop on a “White House to Main Street” tour, a so-called listening tour where the president aims to make some news and have a few [...]
