GM posts $30.9B loss as cash drains payments persist
General Motors reports a $30.9 billion loss for the year with $19.2 billion cash burn and $82 billion in losses over four years. The company faced a $9.6 billion fourth quarter deficit and ongoing costs from plants closed and government loans. GM met with the Obama administration auto task force, signaling the start of a difficult recovery plan.
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Detroit
General Motors Corp
U.S
Barack Obama
Auto Industry Task Force
Greg Martin
Jobless Benefit Claims Top 5 Million Amid Recession Signals
U S government data show 5.1 million people on continuing unemployment benefits the highest on record since 1967. Initial claims jumped to 667000 the largest in over 25 years as durable goods orders fell 5.2 percent in January. Analysts say stimulus efforts may take time to affect the economy and deficits may reach 1.75 trillion.
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Washington
Nigel Gault
U.S
IHS Global Insight
Zach Pandl
Nomura Securities International
Barack Obama
Pandl
Obama
Labor Department
Colorado's Rocky Mountain News Says Goodbye
Colorado's oldest paper closes as Rocky Mountain News ends its run with a 52 page history section and 350000 copy commemorative edition. Denver officials and readers mourn the loss while The Denver Post hires several Rocky staffers.
MENTIONED IN THIS ARTICLE
Denver
Rocky Mountain News
Colorado
John Temple
E.W. Scripps Co
Temple
Ee Ee Ene
Smith
The
Denver Post
News
Bartels
Post
William Dean Singleton
the Post
Tina Griego
Penny Parker
Bill Johnson
Mike Littwin
Dave Krieger
Vincent Carroll
Burt Hubbard
Kevin Vaughan
Gargi Chakrabarty
Kris Paulsen
Mike Hankinson
Clinic to build national lab in Cleveland
The Cleveland Clinic will construct a $25 million national laboratory starting by summer and finishing by next year. The facility will test for hospitals worldwide and the clinic and could employ up to 2,000 staff, expanding the clinic's 40,000-employee base and multi billion revenue.
MENTIONED IN THIS ARTICLE
Cleveland
Cleveland Clinic
Lion Lab
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