General Motors Corp.'s new chief executive said Tuesday that more of the automaker's plants could close and bankruptcy is "more probable" as GM works to meet new, tougher requirements for government aid.
Wall Street resumed its advance Tuesday as investors bought technology and financial stocks to beef up their portfolios on the last day of the quarter.
Sales of vacation and investment homes slid 22 percent last year, a sign that tough economic conditions and tight lending requirements shut out buyers, the National Association of Realtors reported Monday.
President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility Monday of controlled bankruptcy for one or both of the beleaguered auto giants.
President Barack Obama on Friday urged CEOs of some of the nation's biggest banks to deal with bad assets that have made it difficult for them to lend money to businesses and consumers.
