News Source: Turks and Caicos Free Press
| about 2 hours ago
Bank of America Corp ( BAC .N) said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO, but also makes it more vulnerable to further economic shocks.
News Source: Turks and Caicos Free Press
| about 3 hours ago
Bank of America Corp ( BAC .N) has reached an agreement with the U.S. government repay its $45 billion in bailout funds in the next few days, the company said on Wednesday. The Charlotte, North Carolina-based banking giant is expected to sign the
News Source: Reuters
| about 7 hours ago
ConocoPhillips ( COP.N ) said on Wednesday it plans to spend 10 percent less in 2010 as the third-largest U.S. oil and gas company slims down and sharpens its focus in response to volatile energy markets. Shares of Conoco rose 17 cents off their
News Source: Turks and Caicos Free Press
| 1 day ago
General Motors Co 's (GM.UL) chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker. Henderson was asked by the board to step down at a meeting
News Source: International Business Times
| 1 day ago
General Motors Co's board of directors fired Chief Executive Fritz Henderson on Tuesday, saying it wanted to chart a new course as the top U.S. automaker pushes ahead with its restructuring. GM Chairman Ed Whitacre will become interim chief
News Source: Turks and Caicos Free Press
| 1 day ago
General Motors Co (GM.UL) posted a 2.2 percent drop in U.S. sales in November from a year earlier, weighed down by brands it plans to divest or close, and said it would raise production in North America by about 75 percent in the first quarter.
News Source: International Business Times
| 2 days ago
Cash was king for consumers who shopped over the Thanksgiving weekend, according to survey results released on Sunday, and that factor could have cost retailers additional sales. Only 26 percent of people who shopped over the weekend said they used
News Source: International Business Times
| 3 days ago
A group of noteholders of bankrupt regional theme park operator Six Flags Inc said on Sunday it submitted an alternative reorganization plan that transfers most of the equity to them. The group said their plan, submitted to Six Flags' board of