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GM to Cut 21,000 US Factory Jobs, Shed Pontiac
Last Updated: 7:46 AM 04/27/09 - General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take company stock in exchange for half GM's government debt as part of a major restructuring effort needed to get more government aid. Click for Full Story

Business News
	Retail Sales Fall 1.5 Percent in September Be the first to comment! Last Updated: 6:41 AM 10/14/09 - Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program. (Full Story)
	Bank of America & JPMorgan Overhaul Overdraft Fees Be the first to comment! Last Updated: 4:16 AM 09/23/09 - As lawmakers prepare to implement sweeping credit card reforms, Bank of America Corp. and JPMorgan Chase & Co. are moving to overhaul overdraft fees and practices that have been criticized industrywide as excessive and harmful to consumers. (Full Story)
	Fed: Consumers cut debt by Record $21.6 Billion in July Last Updated: 12:39 PM 09/08/09 - The Federal Reserve says consumers slashed losses and uncertainty about the economic recovery prompted Americans to rein in their debt. (Full Story)
	Hidden Charges on Your Phone Bill 7 Comments Last Updated: 8:47 AM 07/25/09 - Imagine opening your phone bill to find charges of $40.00 or more for something completely unrelated to your phone service. That’s what happened to Sparks resident Lillian Johansen. AT&T is her service provider for cable, internet, and television. As a senior on a fixed income, she hoped the package deal would help her save money. Instead, she was shocked to discover charges on her bill from companies she didn't recognize. (Full Story)
	Aces Helping Reno Economy During Downturn Be the first to comment! Last Updated: 1:24 PM 07/14/09 - The Reno Aces are now officially halfway through the first season in their new ballpark. So far, despite a struggling economy many small businesses in the downtown corridor say they are seeing an increase in foot traffic on game days. (Full Story)
	Kodak is taking Kodachrome away Be the first to comment! Last Updated: 5:52 AM 06/22/09 - The Eastman Kodak Co. announced Monday it's retiring its most senior film because of declining customer demand in an increasingly digital age. (Full Story)
	Obama Outlines Plan to Help GM Survive 1 Comment Last Updated: 9:30 AM 06/01/09 - President Barack Obama pushed General Motors Corp. into bankruptcy on Monday and said it was part of a "viable achievable plan that will give this iconic company a chance to rise again." (Full Story)
	Mortgage Delinquencies hit Record High in Q1 Be the first to comment! Last Updated: 4:14 PM 05/28/09 - A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the Mortgage Bankers Association said Thursday. (Full Story)
	Toys R Us acquires high-end retailer FAO Schwarz Be the first to comment! Last Updated: 1:26 AM 05/28/09 - Toys R Us Inc. says it has purchased FAO Schwarz, one of the nation's oldest toy retailers. (Full Story)
	Fresno Businessman, Accused in Ponzi, Kills Self Be the first to comment! Last Updated: 1:15 PM 05/18/09 - Investigators say 1,200 people could be out up to $138 million, victims of what they described as a Ponzi scheme. (Full Story)
More Headlines

House Attacks Fed, Treasury
Political frustration over Wall Street's rescue and high unemployment erupted in Congress, with one panel threatening tighter scrutiny on the Fed and another excoriating Geithner.
Most States See Higher Jobless Rates
Unemployment rose in 29 states in the U.S. during October, hinting the threat posed by weak labor markets might be growing.
ECB to Tighten ABS Requirements
The European Central Bank announced its first active step to unwind the stimulus measures it has used to support the financial sector since the global crisis last year.
New Jobless Claims Flat at 505,000
The number of U.S. workers filing new claims for jobless benefits last week remained unchanged at 505,000. Leading indicators edged up last month.
BOJ Pressured to Loosen Policy
The Bank of Japan faces mounting pressure to loosen its policy as deflation tightens its grip on the nation's economy.
Russia Weighs Cross-Border 'Tobin' Tax
Aimed at curbing currency speculation, such a move would follow other commodity-exporting countries like Brazil and Indonesia.
Black Caucus Stalls Finance Overhaul
In an example of how the weak economy is overtaking Obama administration priorities, the Congressional Black Caucus forced the House to shelve its financial overhaul for two weeks.
Stimulus-Jobs Tally in Doubt
The White House stepped back from claims that the stimulus plan created or saved 640,329 jobs through September, in the face of criticism over errors in reports.
Taking Sides Over Need for Jobs Bill
With the U.S. unemployment rate at 10.2% and rising, pressure on the government to do something to create jobs is mounting. The question is what the U.S. government can, should and will do about it.
PBOC Sees Rising Domestic Demand
PBOC Chief Zhou Xiaochuan said China is making progress on stimulating domestic demand and the central bank was closely following housing demand, which is robust.

Goldman Holders Miffed at Bonuses
Some of Goldman Sachs's largest shareholders have urged the firm to reduce its bonus pool, arguing the company should pass along more of its blockbuster earnings to investors.
Morgan Releases Crescent
Morgan Stanley closed the chapter on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the keys to lender Barclays.
AnnTaylor Swings to Profit
AnnTaylor Stores swung to a third-quarter profit amid lower restructuring expenses and higher margins, even as revenue fell 12%.
J.P. Morgan Drops Arbitration Clauses
J.P. Morgan Chase agreed to drop arbitration clauses from its credit-card agreements as it reached a tentative settlement of a lawsuit over cardholder disputes.
Dell Trails Peers in Recovery
Dell's profit dropped 54% despite recent signs of a tech recovery, raising questions about the PC maker's strategy of focusing on profitability at the expense of market share.
P&G Open to Deal Making
P&G said it is open to deal making, but emphasized that acquisitions aren't a core part of its strategy and that it doesn't pursue hostile acquisitions.
Fair Isaac Loses Antitrust Suit
A federal jury ruled for the defendants in Fair Isaac's lawsuit accusing credit-scoring firm VantageScore and credit-reporting agencies Experian and TransUnion of trademark infringement and unfair competition.
Boeing Breaks Ground on Plant
Boeing on Friday broke ground in North Charleston, S.C., on a second assembly facility for its long-delayed 787 Dreamliner.
Burkle Becomes Barneys Investor
Ronald Burkle has become a significant debtholder of Barneys, giving him a pivotal role in a potential restructuring of the upscale retailer.
AOL Grapples With Harsh Reality
AOL plans to cut about 2,500 employees as the struggling Internet company attempts to resurrect its business after it spins off from Time Warner.