Cablevision Systems Corp. said Thursday it recorded a profit in the first quarter, helped by growth in its core cable TV operations and the inclusion of revenue from the Long Island-based newspaper Newsday.
Federal regulators are preparing to release new rules governing how banks can return billions in taxpayer bailout money, but the guidelines may actually make it harder for financial institutions to shed the government as their business partner.
The United Auto Workers union is objecting to General Motors' newest restructuring plan in a letter to Congress Tuesday, saying it depends upon increasing imports from other countries over U.S.-made vehicles.
The U.S. economy should begin recovering late this year but the number of unemployed people is likely to continue growing into next year and will remain a drag on consumer and business confidence, Federal Reserve Chairman Ben Bernanke said Tuesday.
President Barack Obama is turning to South Carolina's former school superintendent to head an expanded Consumer Product Safety Commission, an embattled agency that has been criticized by advocates for being too cozy with industry.
The first building block of Chrysler LLC's sale to a partnership with Fiat moved ahead Monday as a judge approved up to $4.5 billion to keep the company alive in bankruptcy, even as hourly and salaried workers and dealers of the company will sacrifice even more than in the next two months.