Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay a combined $20 billion in federal bailout money. ...more

May 18, 2009

New York City police are investigating claims by a fashion designer who says actor Kiefer Sutherland head-butted him outside a Manhattan nightclub. ...more

May 6, 2009

General Motors Corp. told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable. ...more

April 29, 2009

Citigroup Inc. and Bank of America Corp. will need to raise more capital based on preliminary results of their government-run "stress tests" - unless they succeed in appealing the findings, according to two people familiar with the matter. ...more

April 29, 2009

The Environmental Protection Agency has concluded that carbon dioxide and five other greenhouse gases are a danger to public health and welfare. It is the first step to regulating pollution linked to climate change. ...more

April 17, 2009

Cleveland Browns wide receiver Donte Stallworth will be charged with DUI manslaughter after a Miami car crash that killed a pedestrian, according to people familiar with the case. ...more

April 1, 2009

President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. ...more

March 30, 2009

A Malawian judge held a closed-door hearing Monday on Madonna's application to adopt a second child from this southern African nation but delayed ruling on the matter until Friday, a court official said. ...more

March 30, 2009

The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA. ...more

March 29, 2009

General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. ...more

March 29, 2009