Word: businessese
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Buildings may topple and lives may be lost if the Big One shakes the wrong part of California but another catastrophic consequence of an enormous earthquake in the San Francisco area may involve water. Two thirds of the state's drinking water supply flows through the gigantic Sacramento-San Joaquin...
At least one thing is clear: the German government wants GM to pay back the $2.2 billion bridge loan that Berlin gave it a few months ago to keep Opel's business afloat. Jürgen Reinholz, the Economy Minister of the eastern state of Thuringia, says GM will likely...
Uncle Sam is out some $2.3 billion in bailout funding following the bankruptcy of CIT, a major lender to small and medium-size businesses. The Nov. 1 filing by the century-old firm marks the government's first loss stemming from the Troubled Asset Relief Program (TARP), designed to stabilize...
See which businesses are bucking the recession.
It isn't just indiscriminate bank lending that has retarded moves toward rebalancing. Outright government subsidies to businesses have increased in the past 12 months. Everything from bicycle makers to textile producers to chemical companies have seen their export subsidies rise because their markets worldwide were shriveling, and a panicky...