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.
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.
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz Henderson said Monday.
You may have seen the brightly colored Kiva billboard on California's Highway 101, urging motorists to "Make a micro loan today. Forever change a life." Maybe you've heard Oprah Winfrey or Bill Clinton talking about the online microfinance operation started by a Silicon Valley couple.
Robert Stopanio's new medical-device manufacturing plant was supposed to open eight months ago and employ about 75 workers in a state that desperately needs jobs. But Stopanio hasn't been able to find the financing.
Financial institutions will be prohibited from charging consumers fees for paying overdrafts on automated teller machines or one-time debit card transactions unless a consumer agrees to the protection first, according to strong new rules for the $38 billion overdraft industry approved Thursday by the Federal Reserve.
In the waiting room, the patient's family members circled a Blackberry. About every 15 minutes, Dr. Carlos Wolf of Miami Plastic Surgery gave them a few keystrokes of information about how the patient was doing.