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BUSINESS
April 3, 2010
The Treasury Department says automaker General Motors Co. and insurer Hartford Financial Services Group Inc. have repaid billions of bailout dollars. Treasury says GM repaid $1 billion of $6.7 billion in loans it received as part of a $50 billion rescue. Hartford repaid its entire $3.4 billion bailout. The money came from a $700 billion bailout that Congress passed in October 2008 amid the worst financial crisis in generations. The payments mean Treasury has been repaid $181 billion of the money it disbursed.
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SPORTS
Sports on TV | May 23, 2012
WEDNESDAY'S TELEVISION HIGHLIGHTS MLB Washington@Philadelphia (T) MASN9 a.m. Boston@Orioles MASN12:30 Washington@Philadelphia ESPN2, MASN7 Cubs@Houston WGN-A8 Boston@Orioles (T) MASN11:30 Washington@Philadelphia (T) ESPN22 a.m. C. base. ACC Tourn., Game 1: Ga. Tech@Fla. St. CSN11 a.m. Big Ten Tourn., Gm. 1: Neb. vs. Mich.
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SPORTS
November 17, 2009
Vancouver Canucks general manager Mike Gillis says Peter Forsberg is going to stay in Sweden this season. Gillis was considering signing the former Avalanche star but said he learned Monday that Forsberg wanted to stay in his home country. Forsberg, who is playing for Modo of the Swedish Elite League after 12 NHL seasons spent mostly with the Avalanche, has dealt with nagging ankle and foot problems for several years. "My understanding is Peter is going to stay and play in Modo, and he won't return to the NHL this year," Gillis said Monday.
BUSINESS
April 24, 1997
Pub Date: 4/24/97
BUSINESS
By Andrea K. Walker | andrea.walker@baltsun.com | January 27, 2010
General Motors Corp. has chosen its White Marsh plant for a new effort to build electric motors, and on Tuesday it laid out plans for an expansion that will generate 180 much-needed jobs and provide a boost for the hard-hit manufacturing sector. The automaker, which would become the first car company to produce its own electric motors, announced that it plans to start making the devices in 2013. The company is investing $246 million, including state funds and federal stimulus money, to construct a new 40,000-square-foot facility next to the site where workers now build transmissions, including some that go into hybrid vehicles.
ENTERTAINMENT
By Erik Maza, The Baltimore Sun | December 6, 2011
Don't Know Tavern in South Baltimore has always been a reliably quiet neighborhood bar, especially appreciated by Red Sox and Patriots fans. But in the past year, Don't Know has gone through more upheaval than it has in all the four years it's been in business. In June, its longtime owner, Jason Zink, sold the business , partly to deal with the expense of a lawsuit that had been filed against him by five of the bar's former employees. In July, Zink settled the lawsuit, and soon after, new management took over.
BUSINESS
By DETROIT FREE PRESS | August 9, 2006
DETROIT -- General Motors Corp. said yesterday that it had cut its pension obligations by $3.9 billion and its retiree health care obligations by $19.3 billion because of employee buyouts and cost-cutting agreements with the United Auto Workers union. Even so, GM carries $62 billion in future retiree health care obligations on its books. The automaker has long maintained that legacy costs put it at a disadvantage against its global rivals. The expense adds $1,500 to the cost of every vehicle it builds in the United States.
NEWS
September 5, 1992
A nine-day strike at a General Motors parts plant in Lordstown, Ohio, that had forced the company to close nine plants has been tentatively settled.Details on Page 14C
BUSINESS
By Knight-Ridder News Service | November 6, 1992
DETROIT -- General Motors Corp. unveiled a program yesterday to allow some U.S. and Canadian white-collar workers to retire from the automaker at age 50. Such workers would be among the youngest salaried retirees in the company's history.The early-retirement offer is GM's second this year and one of the sweetest to date. The first, which ran from March to June, enabled white-collar employees to retire at age 53, 12 years before the company officers' mandatory retirement age of 65.Under GM's new plan, white-collar employees in overstaffed units can retire at age 50, others at age 52, with full benefits.
BUSINESS
By New York Times News Service | May 27, 1995
WILMINGTON, Del. -- When the chairman of General Motors Corp. muzzled a nun, any shareholder's hopes that GM might bend its new rules to limit their speaking time at its annual meeting surely began to melt away.When he did it again, all hopes must have vanished."Again, sister, your minute is up," said the chairman, John Smale, in his growling baritone.Like basketball shot clocks, two digital signs, in glaring red, ticked off the seconds racked up by each outspoken shareholder. Each was held to a total of 10 minutes, in 1- or 3-minute increments.
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