General Motors and the United Auto Workers union have agreed to eliminate a controversial program that kept workers at near full pay even when there was no work for them, the company confirmed Wednesday.
The nation's roads, bridges, power grid, water supply, schools and transit systems are all in a state of disrepair due to under-funding - and the proposed stimulus plan will not go far enough to solve the problem, according to a report released Wednesday.
This year's World Economic Forum meeting at Davos is supposed to discuss how to lift the world out of its economic and financial crisis, but not everyone is satisfied just talking about the problems. Aditya Mittal, for one, is trying to take matters into his own hands.
Unemployment in every state spiked in December - for the first time ever - as companies shed hundreds of thousands of positions. If you're out of work, here are some tips on how to reinvent yourself for your next employer.
Boeing Co. reported an unexpected fourth-quarter loss Wednesday and forecast 2009 earnings well below Wall Street estimates as it grapples with a dip in demand for its planes while airlines feel the pain of recession.
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