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Ford Motor Co. said Thursday that it will begin equipping certain vehicles with inflatable seat belts that the company says will help prevent injuries in auto accidents.
The inflatable rear seat belts will be available on the next generation Ford Explorer and will become more widespread over time, the company said in a press […]
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The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public “every couple of weeks,” a top government attorney said on Saturday.
U.S. officials have been sifting through about 250 client names obtained through a February settlement of a criminal probe against Swiss […]
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Maurice "Hank" Greenberg, former chief executive of American International Group, has agreed to pay $15 million to settle charges related to an accounting scandal, the Securities and Exchange Commission said Thursday.
A complaint filed by the SEC said Greenberg and former chief financial officer Howard Smith were involved in "numerous improper accounting transactions" that inflated […]
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These are hard times for car dealers. Across the nation, General Motors and Chrysler dealerships are pulling down their big roadside signs and closing their doors.
The companies say they have no choice but to cut the cord and save money. The dealers, who say they are being scapegoated for the epic problems at GM […]
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Qwest Communications International Inc. said Monday it is not selling its long-distance phone network after completing a comprehensive review and a bidding process with interested parties.
The company’s shares fell more than 4% in premarket trading after Qwest (Q, Fortune 500) said the company had decided that the phone network asset holds far more value […]
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Profits at American Express declined by more than half in the latest quarter, the company said Thursday, as spending by cardmembers slowed and credit troubles continued to mount.
The credit card giant also said, however, that it was hoping to soon pay back money it received from the government as part of last fall’s financial […]
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Two more banks failed Friday bringing the tally to 25 in 2009, according to the government.
American Sterling Bank, based in Sugar Creek, Mo., and Great Basin Bank of Nevada in Elko, Nevada were shuttered by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver, according to statements posted on […]
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Jeffrey Glassman’s company isn’t supposed to exist. That is, most of his customers would rather you didn’t know about Darn It! and the services it provides from a warehouse in New Bedford, Mass.
Since the mid-’90s, when many U.S. clothing retailers began to ship their manufacturing work overseas, Darn It! has been working, on […]
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Pacific Office Properties said Friday that it has told federal regulators it would issue up to $350 million in new shares of senior common stock.
The Los Angeles-based real estate investment trust, an affiliate of Honolulu-based The Shidler Group, said the filing with the Securities and Exchange Commission outlines the plan to sell up to $300 […]
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Interest rates on U.S. 30-year fixed-rate mortgages dropped for the 11th straight week to a record low, according to a survey released on Thursday by home funding company Freddie Mac.
Interest rates on the 30-year fixed-rate mortgage averaged 4.96%, with an average 0.7 point, for the week ending Jan. 15, down from the previous week’s […]
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