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Archive for May, 2009


GM to head into bankruptcy

General Motors, the nation’s largest automaker and for decades an icon of American manufacturing, stood on the brink of a bankruptcy filing and a de facto government takeover on Monday.

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Ugh! Gas hits $2.50

The price of gas, rising for the 33rd straight day, has reached $2.50 a gallon, motorist group AAA reported Sunday.

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Auto rupture will ripple far and wide

Chrysler and GM employees are on the edge of their seats, waiting to find out what will be left standing after the dust settles. Meanwhile, a vast network of companies outside Detroit are bracing for impact.

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Monday’s the day for Chrysler

Read full story for latest details.

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Week ahead: Trying to make sense of economy

Wall Street will return for the first trading day of a new month Monday with the economic outlook still unclear and the bankruptcy of a major American business icon looming large.

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