December 11, 2012 The American carrier is hoping to crack into the lucrative New York-to-London route. The deal, which needs regulators' approvals, would also let Delta's passengers connect with Virgin's flights out of London.
December 11, 2012 Without a solution to the so-called fiscal cliff, every person who gets a paycheck or has investments will see his or her taxes rise. And some could see their jobs disappear. Here is a timeline of changes in store in the absence of action from the president and Congress.
December 11, 2012 President Obama and congressional Republicans have been trying to negotiate a deal to avert the automatic tax hikes and spending cuts known as the "fiscal cliff." But what happens Jan. 1 if no agreement is reached? Some experts say not much will happen — at least not immediately.
December 11, 2012 WDETIf the mayor and City Council can't agree on a plan to reduce the budget deficit, state officials are poised to take away their power over Detroit's purse strings. The mayor and the council blame each other for the impasse. And with the deficit deepening, residents' frustration continues to mount.
December 10, 2012 The U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234.2 million common stock shares in insurer American International Group Inc., better known as AIG.
December 10, 2012 Cash registers may be on the wane in some stores as more retailers help customers complete purchases using mobile devices. It's convenient for shoppers, and retailers benefit by leaving customers less time to change their mind about a purchase.
December 9, 2012 Across Europe, the recession has hit media companies where thousands of journalists have been fired and many work for low wages. In Spain, journalists see the cutbacks as a threat to press freedom at a time when Spaniards need to understand the financial crisis they are facing.
December 8, 2012 Once a mainstay of the labor arsenal, strikes have largely fallen off since the early 1980s. So a recent spate of high-profile disruptions has labor experts wondering if we're seeing a resurgence. They say worker frustrations over stagnant wages and reduced benefits may have finally hit a tipping point.
December 7, 2012 The Poway Unified School District in California is facing a whopping $1 billion repayment on a loan of just $105 million. It borrowed the money using bonds that the state treasurer has compared to payday loans — and more than 200 other California districts are in the same boat.