President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as "reluctant shareholder" when it assumes a 60 percent ownership of the smaller carmaker that emerges.
For General Motors Corp. workers and others across the nation, reaction to the automaker's historic bankruptcy filing Monday and the effect on their plants and lives ranged from resignation to fear.
Wall Street is starting June with a gain, boosted by reports that paint a more upbeat picture of the global economy.
Frugal consumers trimmed spending in April — although by less than expected — as rising unemployment kept pocketbooks in check and motivated Americans to save.
GM has three more days to tidy up.
Tiffany & Co. said Friday that its first-quarter profit plunged 62 percent .
Oil prices extended a rally to above $66 a barrel Friday to hit a fresh six-month high.
Time Warner Inc. said Thursday it would move ahead with plans to spin off AOL, ending a tumultuous association that began when AOL acquired the world's largest media company eight years ago.
Stocks fluctuated Friday as investors tried to reconcile some mixed economic data.
Oil prices extended a rally to above $66 a barrel Friday to hit a fresh six-month high, after the U.S. reported a fall in oil inventories and further signs of an improving economy.