For a year, General Motors has been singing the praises of the new Chevrolet Malibu, voted by auto writers as the 2008 North American Car of the Year and billed by GM Chairman Rick Wagoner as "the finest midsized car this country offers." To promote its launch, GM spent nearly $250 million on advertising, dubbing it "the car you can't ignore." ...more

February 21, 2009

The United Auto Workers' deal with Detroit's three automakers limits overtime, changes work rules, cuts lump-sum cash bonuses and gets rid of cost-of-living pay raises to help reduce the companies' labor costs, people briefed on the agreement said Wednesday. ...more

February 18, 2009

The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said Tuesday. ...more

February 18, 2009

The U.S. auto industry needs even more help from the government to survive than originally thought. General Motors on Tuesday said it could need up to $30 billion from the Treasury Department to keep operating. Included in that amount is $13.4 billion the company has already received. Previously, GM had said it could need as much as $18 billion. ...more

February 17, 2009

William and Jane Sibbitt won't be traveling this year to visit their grandchildren in Vermont or his brother in California. They're shopping for golf shirts at garage sales, they're not eating out as much, they're doing less recreational shopping in Terre Haute, and they've even cut back on charitable giving. ...more

February 12, 2009

Nine Florida banks, including one in the Tampa Bay area, have applied for and received $164 million in bailout money under the federal government's $700 billion rescue package of financial institutions, according to the latest data from the U.S. Treasury Department. ...more

February 10, 2009

President Barack Obama hailed the Senate's passage of a massive economic rescue plan on Tuesday but warned that there's more work to do as lawmakers begin difficult talks on a final deal. ...more

February 10, 2009

WASHINGTON - President Barack Obama's economic recovery plan has passed the Senate and is on its way to difficult House-Senate negotiations. ...more

February 10, 2009

WASHINGTON - President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure." ...more

February 4, 2009

WASHINGTON - Treasury Secretary Timothy Geithner, in his first full day on the job, is announcing new rules to limit special-interest influence on the government's $700 billion financial rescue program. ...more

January 27, 2009