Flight attendants union sues Delta

The Association of Flight Attendants is suing Delta Air Lines for allegedly breaching the terms of a bargaining agreement with over 7,000 former Northwest […]

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Correctional Medical Services wins $21M Idaho renewal

The state of Idaho has renewed its contract, although at a reduced dollar amount, with Correctional Medical Services Inc. to provide health-care services in its […]

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Taxpayer Burden Eases to $8.2 Trillion as Obama Supplants Fed

Congress and the Obama administration are taking a bigger role in the rescue of the economy from the Federal Reserve, shifting the strategy to […]

CIBC net income rises in fourth quarter

CIBC saw its profits and revenues rise in its latest quarter despite the recession, the bank said today.
Canadian Imperial Bank of Commerce reported net income […]

GMAC CEO resigns, Carpenter steps in

GMAC Chief Executive Al de Molina has resigned, and will be replaced by Michael Carpenter, the troubled lender said on Monday.
Carpenter, 62, is a […]

Holiday shoppers to spend $22.27 less

Nearly two-thirds of holiday shoppers say the economy will affect their buying this year, with the average amount being spent dropping by about $22, […]

For new banks, starting up is hard to do

What’s harder than running a bank these days?
Try starting one of your own.
Even as enterprising bankers try to benefit from a less competitive industry […]

Fiat CEO: Chrysler worse than we thought

The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy’s Fiat — which came to the […]

Gold rushes above $1,000 mark

Gold prices surged past the $1,000-an-ounce mark Tuesday amid investor concerns about inflation and the weakness of the dollar.
The December contract on the New […]

SEC investigation: We missed Madoff

The Securities and Exchange Commission overlooked "more than ample" evidence, including six complaints, that red-flagged the Bernard Madoff Ponzi scheme, an internal watchdog said […]