Health care plan hits rich with big tax increases
WASHINGTON - The typical family would be spared higher taxes from the House Democratic plan to overhaul health care, and their low-income neighbors could come out ahead.
Nations:U.S. People:Barack Obama George W. Bush Activities:2009 US Health Reform Source:(AP)
2009-11-02
Ford turns a profit, reaping rewards of turnaround
DEARBORN, Mich. - One of the troubled Detroit Three automakers, Ford, is making money again and looking for better times in no more than two years.
Nations:U.S. People:Alan Mulally Source:(AP)
2009-11-02
CIT files for Chapter 11 bankruptcy protection
WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.
People:Carl Icahn Activities:2009 CIT Group Crisis Source:(AP)
2009-11-01
Celebs, lobbyists among White House guests
WASHINGTON - Celebrities Oprah Winfrey, George Clooney and Denzel Washington, prominent Democratic fundraisers and heavyweights from the financial services and high-tech industries were among those landing visits with President Barack Obama or others at the White House during Obama's first months in office.
Nations:U.S. People:Denzel Washington Michael Moore Larry Summers Steve Ballmer Joseph Biden Barack Obama Activities:Obama Admin.
2009-10-30
Ford taps China's Geely as favored bidder for Volvo
WASHINGTON (AFP) - Ford Motor Co., the number-two US automaker, said Wednesday it had tapped Chinese peer Geely as preferred bidder for Volvo Cars, its premium Swedish nameplate.
Nations:Sweden U.S. Activities:2009 Geely Bidding Volvo Source:(AFP)
2009-10-28
Feds: Leader of radical Islam group killed in raid
DETROIT - Federal authorities on Wednesday arrested several members of a radical Sunni Islam group in the U.S., killing one of its leaders at a shootout in a Michigan warehouse, the U.S. attorney's office said.
Nations:U.S. Activities:U.S. War on Terror Source:(AP)
2009-10-28
FAA revokes licenses of wayward Northwest pilots
WASHINGTON - The Federal Aviation Administration on Tuesday revoked the licenses of the two Northwest Airlines pilots who overshot their Minneapolis destination by 150 miles.
Nations:U.S. Source:(AP)
2009-10-27
Wayward pilots say they were busy using laptops
WASHINGTON - Not sleeping, the pilots say. They were engrossed in a complicated new crew-scheduling program on their laptop computers as their plane flew past its Minneapolis landing by 150 miles - a cockpit violation of airline policy that could cost them their licenses.
Nations:U.S. Source:(AP)
2009-10-26
U.S. cuts pay at bailed out firms, BofA hits back
WASHINGTON (Reuters) - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
People:Barack Obama Activities:2008 U.S. Financial Rescue
2009-10-22
Dems go after antitrust exemption for insurers
WASHINGTON - Democrats launched a drive at both ends of the Capitol on Wednesday to strip the insurance industry of its decades-old exemption from federal antitrust laws, part of an increasingly bare-knuckled struggle over landmark health care legislation sought by President Barack Obama.
Nations:U.S. People:Mitch McConnell Patrick Leahy Barack Obama Activities:2009 US Health Reform 111th Congress Source:(AP)
2009-10-21
Administration plans big pay cuts at bailout firms
WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
Activities:2008 U.S. Financial Rescue Source:(AP)
2009-10-21
Pot advocates: Looser guidelines leave questions
SAN FRANCISCO - A new Obama administration policy loosening guidelines on federal prosecution of medical marijuana on Monday signaled to users that they had less to fear from federal agents but still left their suppliers to contend with a tangled mesh of state laws and regulations.
Nations:U.S. Source:(AP)
2009-10-19
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