A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
In a positive sign that General Motors Co.'s restructuring is off to a good start, the company Monday said it would begin repaying U.S. government loans later this year, ahead of what is required, and that it generated $3.3 billion in cash during the third quarter after emerging from bankruptcy.
Take a nation of retailers on edge about falling sales. Toss in a crowd of bargain-hungry consumers addicted to deals. Keep them apart for hours before dawn with only a glass door separating them, and you have the makings of a Black Friday calamity.
Leaders of a congressional commission investigating the causes of the recent financial crisis are threatening to publicly identify any company or government agency that stalls in voluntarily producing requested documents.
Nigeria's main militant group in the oil-rich Delta region said Sunday that it had started formal peace talks with the country's president for the first time since it declared an indefinite cease-fire last month.