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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
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AP Sources: Govt Clears Toyota Gas Pedal Fix
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Last Updated: 12:15 PM 01/30/10 - Three people briefed on the matter say Toyota Motor Corp. has received clearance from federal regulators on a fix for the company's sticky gas pedals. (Full Story) |
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GM's Deal to Sell Saab is off the Table
Last Updated: 9:33 AM 11/24/09 - A Swedish specialty automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the troubled brand. (Full Story) |
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Retail Sales Fall 1.5 Percent in September
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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) |
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Bank of America & JPMorgan Overhaul Overdraft Fees
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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) |
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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) |
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Hidden Charges on Your Phone Bill
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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) |
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Aces Helping Reno Economy During Downturn
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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) |
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Kodak is taking Kodachrome away
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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) |
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Obama Outlines Plan to Help GM Survive
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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) |
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Mortgage Delinquencies hit Record High in Q1
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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) |
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