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Business News: Most Recommended
Last update: 12 hours, 55 minutes ago
 
Oil brokerage PVM names rogue trader behind oil spike
3 Jul 09, 08:40 ET
Reuters - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
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Plant disease hits eastern US veggies early, hard
3 Jul 09, 04:03 ET
AP - Tomato plants have been removed from stores in half a dozen states as a destructive and infectious plant disease makes its earliest and most widespread appearance ever in the eastern United States.
more

Fate of GM in hands of bankruptcy judge
2 Jul 09, 17:57 ET
Reuters - A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.
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As deficit grows, Calif. prepares to issue IOUs
2 Jul 09, 07:56 ET
AP - California's controller will start paying many of the state's bills with IOUs as soon as Thursday after lawmakers failed to close the state's worsening budget deficit, adding a new measure of indignity to a state sinking deeper into dysfunction.
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Gannett to cut 1,400 jobs in new round of cuts
1 Jul 09, 17:03 ET
AP - Newspaper publisher Gannett Co. plans to cut 1,400 jobs in the next few weeks, about 3 percent of the work force, as it faces a prolonged slump in advertising revenue.
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Ford US sales drop 10.7 percent in June
1 Jul 09, 13:00 ET
AP - Ford Motor Co. on Wednesday called its 10.7 percent drop in U.S. June sales "steady progress," after a year of sharp declines across the industry.
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GM CEO makes case for bankruptcy asset sale
30 Jun 09, 20:32 ET
Reuters - General Motors Corp's chief executive told a U.S. bankruptcy court on Tuesday that the sale of GM's main assets to government-backed "New GM" must win court approval in order for the automaker to survive.
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Administration sends Congress consumer legislation
30 Jun 09, 19:29 ET
AP - President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.
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Bank of America accused of anti-consumer practices
30 Jun 09, 13:02 ET
Reuters - Consumer and labor groups demanded Bank of America Corp and other lenders reform their sales practices so that workers under pressure to meet sales quotas do not saddle customers with costly and unnecessary products.
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FDA panel recommends smaller doses of painkillers
30 Jun 09, 12:05 ET
AP - Government experts say the maximum daily dose listed on Tylenol and dozens of other painkillers should be reduced to help curb deadly overdoses.
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