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Latest news for Environmental and Safety

Detroit bailout plans make their way to Congress (Reuters)

02-12-2008 15:42

Reuters - Distressed U.S. automakers began submitting plans to Congress on Tuesday as they tried to show that they have a viable future and deserve federal aid, while new reports showed that vehicle sales continued their freefall in November.

House's Hoyer hopes for auto action next week (Reuters)

02-12-2008 15:37

Reuters - House of Representatives Democratic Leader Steny Hoyer said on Tuesday he hoped Congress will be able to take action next week on struggling U.S. auto manufacturers' requests for federal financial aid.

Auto sales plunge, slowdown spreads (Reuters)

02-12-2008 15:33

Reuters - The auto industry reeled from further sales declines in the United States as a slowdown that began there showed signs of spreading to Europe, Asia and Africa, forcing automakers to slash production.

Stocks rise on financials, energy, GE (Reuters)

02-12-2008 15:22

Reuters - Stocks rose on Tuesday as investors scooped up beaten-down shares after Monday's sell-off and news that bellwether General Electric would keep its dividend unchanged in a tough economy.

Staples posts profit; shares jump on optimism (Reuters)

02-12-2008 15:14

Reuters - Staples Inc posted a quarterly profit that edged past analysts' expectations and announced an improved cost-savings outlook on Tuesday, sending its shares up nearly 6 percent.

Mortgage fraud incidents up 45 pct in 2Q (AP)

02-12-2008 14:30

AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.

GM November sales drop 41 percent (Reuters)

02-12-2008 14:24

Reuters - General Motors Corp reported a 41 percent drop in overall U.S. sales for November, saying continued economic uncertainty was hurting consumer confidence.

Wall Street cuts gains after grim GM sales (Reuters)

02-12-2008 14:20

Reuters - Stocks sharply pared gains on Tuesday after General Motors Corp posted a 41 percent slide in November auto sales, compounding investors' worries about the fate of the embattled U.S. auto industry.

GE to trim finance arm, plans job cuts (Reuters)

02-12-2008 13:42

Reuters - General Electric Co plans to scale back its hefty finance arm and cut jobs across its range of businesses as it braces for what it expects to be a worsening economic environment next year, executives said.

Wall Street rallies on GE and financials (Reuters)

02-12-2008 13:42

Reuters - Stocks rallied on Tuesday as bargain hunters snatched up beaten down shares after Monday's steep sell-off, buttressed by news that General Electric would maintain its dividend.

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