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NEW YORK – General Motors Corp. has agreed to take on responsibility for future product liability claims, removing what could have been a sizable roadblock on the automaker’s path to a quick sale of its assets and emergence from Chapter 11 bankruptcy as a new company.
As part of its government-backed restructuring plan, GM […]
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Dr. John P. Lynch was named vice-president and chief medical officer at Barnes-Jewish Hospital. He will assume his new post on July 1.
Lynch, a faculty member of Washington University School of Medicine, has been on staff at Barnes-Jewish Hospital since 1995.
Lynch is board certified in internal medicine, pulmonary medicine and critical care […]
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The dollar rose against rival currencies Wednesday as investors took shelter in the U.S. currency after the Federal Reserve said the economy would "remain weak for some time."
The Fed also indicated that the pace of the economic contraction has slowed but didn’t signal any major change in its unconventional monetary policy measures, including its […]
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KV Pharmaceutical Co. said Tuesday that its board of directors’ auditing committee has completed a probe of the company and found "deficiencies" in the conduct of certain members of senior management, KV’s financial analysis controls, employment policies and instances of noncompliance with Food and Drug Administration and other health care regulations.
The Brentwood company […]
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California, which is struggling to close a $24.3 billion budget gap, faces the prospect of a "multi-notch" downgrade in its credit rating if the state’s legislature fails to act quickly to produce a budget, Moody’s Investors Service warned Friday.
Moody’s decision to place California’s general obligation debt on alert for a possible "multi-notch" downgrade stunned […]
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A new report based on a survey of small- to mid-sized U.S. manufacturers has found that 44 percent of the companies plan to begin hiring workers again as soon as next year if the economy rebounds as they expect.
But first, according to the report from RSM McGladrey, the manufacturing sector, which has lost 1.6 […]
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Britain has secured agreement that a proposed European Union financial services regulator won’t impinge on national authorities, a European official said.
Arriving at an EU summit in Brussels yesterday, Prime Minister Gordon Brown said he would defend the U.K.’s powers as the sole supervisor of the more than 600 British and foreign banks that […]
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Britain has secured agreement that a proposed European Union financial services regulator won’t impinge on national authorities, a European official said.
Arriving at an EU summit in Brussels yesterday, Prime Minister Gordon Brown said he would defend the U.K.’s powers as the sole supervisor of the more than 600 British and foreign banks that […]
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India’s wholesale prices fell for the first time in three decades, giving the government scope to spend more in next month’s budget to spur economic growth.
The benchmark wholesale-price inflation index declined 1.61 percent in the week to June 6 from a year earlier after gaining 0.13 percent in the previous week, the government […]
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Lending at the nation’s top banks slowed in April, according to a government report published Monday, driven in part by continued deterioration in the U.S. economy.
The dollar amount of new loans issued by the 21 biggest recipients of taxpayer funds under the government’s Troubled Assets Relief Program, or TARP, fell 7% to $273 billion […]
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