The world economy is on the brink of a rare global recession, the World Bank said in a forecast released Tuesday, with world trade projected to fall next year for the first time since 1982 and capital flows to developing countries predicted to plunge 50 percent.
General Motors boss Rick Wagoner has warned that the US economy would suffer a “catastrophic collapse” and that three million jobs could go if America’s car industry collapses. His remarks come as Detroit’s Big Three – GM, Ford and Chrysler – renew their calls to the US Congress for a government bail-out.
General Electric Co. on Friday said it will restructure into four businesses from six, a move that Chief Executive Officer Jeff Immelt says will focus
Conglomerate General Electric Co and Abu Dhabi investment agency Mubadala Development Co said Tuesday they have entered into an $8 billion joint ventu
Yahoo Inc.
Waste Management, the nation's largest garbage hauler, on Monday made an unsolicited offer to buy disposal company Republic Services Inc. for $6.19 bi
The Los Angeles Times says publisher David Hiller has resigned after 21 months at the helm of Tribune Co.'s largest paper.
EBay Inc.
The Boeing Co. on Wednesday raised its outlook for spending on commercial airplanes over the next 20 years by 14 percent.
A federal judge sentenced an investment adviser to 12 years in prison on fraud charges related to the loss of $213 million in a hedge fund at the stat
