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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.

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Business News
	Asian Stocks Tumble Amid Europe Debt Worries Be the first to comment! Last Updated: 9:09 PM 09/11/11 - Asian stock markets are sharply lower in early trading amid intensifying worries about Europe's debt problems. Sentiment also soured after Wall Street sustained heavy losses before the weekend. (Full Story)
	AT&T Purchase of T-Mobile Blocked 1 Comment Last Updated: 3:21 PM 08/31/11 - The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices. That's according to a person familiar with the matter. (Full Story)
	Verizon Strike Boosts Unemployment Aid Requests 4 Comments Last Updated: 10:25 PM 08/25/11 - Thousands of Verizon workers on strike pushed the number of people seeking unemployment benefits last week to its highest level in a month. (Full Story)
	Foreign Government Interested in Expanding Yerington Mine 4 Comments Last Updated: 1:16 PM 07/28/11 - Three of the largest copper mining companies in the world have expressed interest in a Yerington mine, and one of them is operated by a foreign government. (Full Story)
	Stock Futures Hold Steady Ahead Of House Debt Vote Be the first to comment! Last Updated: 11:05 AM 07/28/11 - Stock futures are little changed as House Republicans prepare a vote on a new plan to avoid a U.S. debt default. (Full Story)
	Applications For Unemployment Aid Drop Slightly 1 Comment Last Updated: 9:45 AM 03/24/11 - Fewer people applied for unemployment benefits last week, adding to evidence that layoffs are slowing and employers may be stepping up hiring (Full Story)
	Barbour To Meet With Republican Leaders In Nevada Be the first to comment! Last Updated: 6:33 AM 03/22/11 - Mississippi Gov. Haley Barbour, who's readying for a possible presidential run, will meet with Republican leaders Tuesday in the early caucus state of Nevada. (Full Story)
	Nevada Commission Discusses Lack Of Mining Audits Be the first to comment! Last Updated: 6:29 AM 03/22/11 - The Nevada Department of Taxation is reassigning staff to create a specialized mining audit team and notifying mineral companies to expect field audits, agency officials said Monday. (Full Story)
	Bill Would Allow Up To 10 School Furlough Days 5 Comments Last Updated: 6:22 AM 03/22/11 - School years could be up to 10 days shorter to avoid layoffs during a financial emergency if a new bill passes. (Full Story)
	Radiation Level Soars After Japan Nuke Plant Fire Be the first to comment! Last Updated: 1:25 PM 03/15/11 - Dangerous levels of radiation leaking from a crippled nuclear plant forced Japan to order 140,000 people to seal themselves indoors Tuesday after an explosion and a fire dramatically escalated the crisis spawned by a deadly tsunami. (Full Story)
More Headlines

Budget to Call for Taxes on Wealthy
Obama's budget request to Congress on Monday will forecast a deficit of $1.33 trillion in fiscal year 2012 and will include hundreds of billions of dollars of proposed infrastructure spending.
U.S. Trade Gap Widened in 2011
The U.S. trade deficit widened to $48.80 billion in December as rising consumer spending and restocking by U.S. businesses led imports to grow faster than exports.
New Fed Call on Housing
Federal Reserve Chairman Ben Bernanke called for new policies to help the nation's weak housing market, calling it a significant factor holding back the economic recovery.
Unrest Flares Ahead of Greek Vote
Simmering discontent among Greek politicians on Friday tested a deal reached just a day earlier to support austerity policies demanded by the government's international creditors.
Spain Approves Key Labor Overhaul
Spain's government will lower the country's high dismissal cost as part of a crucial overhaul of rigid labor laws meant to lower its towering unemployment rate and spur economic growth.
Renewable Firms Seek Tax-Equity Partners
The Obama administration is attempting to persuade U.S. corporations about the benefits of investing in renewable energy, in an effort to help the industry after a government grant program expired.
Trade Data Give China Ammunition on Yuan
The broadest measure of China's global trade surplus fell to a several-year low in 2011, providing China with a stark counterpoint to the long-standing U.S. argument that the yuan is undervalued.
Canada Trade Surplus Signals Shift
Canada's trade surplus with the rest of the world hit its highest level in more than three years in December, signaling that Canada's economy is shifting toward a reliance on exports to drive growth.
IEA Again Cuts Oil-Demand Forecast
The International Energy Agency cut its 2012 oil-demand growth forecast for the second time in just a few weeks as Europe's economic outlook weakens.
U.K. Data Point to Falling Inflation
Prices charged by U.K. companies at the factory gate rose in January, but the annual rate of producer price inflation slowed, reinforcing expectations that overall inflation is in retreat.

SEC Launches Inquiry Aimed at Private Equity
Federal regulators have launched a wide-ranging inquiry into the private-equity industry that examines how firms value their investments, among other matters.
Investors Rethink Rothschild Ouster
Indonesian investors behind London-listed mining company Bumi said they may reconsider their attempt to oust financier Nat Rothschild from the company's board.
Renewable Firms Seek Tax-Equity Partners
The Obama administration is attempting to persuade U.S. corporations about the benefits of investing in renewable energy, in an effort to help the industry after a government grant program expired.
California Solar Deal Hits a Snag
A $1.36 billion government-backed deal for a Southern California solar farm has hit a snag and could be days from unraveling, all due to a local construction permit.
Regulators Close Two Banks
Regulators closed a bank in Illinois and another one in Indiana, bringing the nationwide tally of bank failures to nine for the year.
Allstate Warns Agents of Tax Errors, Bonus Issues
Allstate warned its insurance agents Friday that it had discovered separate errors in their tax documents and the year-end reports that show data used to calculate their annual bonuses.
Apple Sues Motorola in Latest Legal Spat
Apple sued Motorola Mobility on Friday in the latest legal maneuver involving alleged patent infringement.
Alcatel-Lucent Shares Soar
Alcatel-Lucent swung to a full-year profit for the first time in its history and posted a positive cash flow in the fourth quarter, sending its shares soaring.
De Beers Warns on Diamond Demand
Demand for diamonds will be lower this year due to the dismal global economic climate, De Beers said. The diamond miner reported a rise in its full year 2011 earnings despite a difficult second half.
AEP Cuts Profit Outlook
American Electric Power cut its profit target for 2012, as costs at the company's home-state operations are expected to weigh on the bottom line.