By CHRISTOPHER S. RUGABER and SCOTT MAYEROWITZAP Business Writers
WASHINGTON (AP) - When conspiracists suggested Friday that the Obama administration had engineered a sharp drop in unemployment to aid President Barack Obama's re-election, the response was swift.
Career government officials
By The Associated Press
Former General Electric CEO Jack Welch set off a wave of conspiracy theories Friday by tweeting, "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers."
"Chicago" refers to President Barack Obama's campaign headquarters
By CHRISTOPHER S. RUGABER and PAUL WISEMANAP Economics Writers
WASHINGTON (AP) - The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the
DETROIT (AP) - General Motors Co. said Friday that it plans to close its hydrogen fuel-cell research operation near Rochester, N.Y., and move about 220 jobs to Michigan.
The Detroit-based automaker said the move will bring together experts on engine and transmission technology.
Most of the 220
HONG KONG (Reuters) - Hong Kong police arrested six crew on Tuesday after a ferry and a company boat carrying more than 120 staff and family celebrating the mid-autumn festival collided, killing 37 people as the boat sank.
The boat, belonging to Hongkong Electric Co, controlled by
HOUSTON (AP) - The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection.
The Houston company, which generates and sells electricity in wholesale power markets, said late Monday that its reorganization allowed it to eliminate more than $4 billion in debt. Its new
By KELVIN CHANAssociated Press
HONG KONG (AP) - An official with the company that owns the ferry involved in a collision that killed 38 people said Wednesday that the vessel recently passed inspection, but he had no details about how the crash occurred.
Nelson Ng, general manager of Hong Kong
By DEE-ANN DURBINAP Auto Writer
DETROIT (AP) - Electric car maker Fisker Automotive is talking with other car companies about sharing parts and technology.
The company, based in Anaheim, Calif., is also preparing for a public offering of stock that would help it raise money for new vehicles,
WASHINGTON (AP) - The Supreme Court won't hear a request by the city of Des Moines, Iowa, to stop a court decision that could force it to refund as much as $40 million in franchise fees to its residents.
In March, the Iowa Supreme Court ruled that the city must refund a portion of the franchise
By JIM KUHNHENNAssociated Press
WASHINGTON (AP) - The White House is acknowledging an attempt to infiltrate its computer system, but says it thwarted the effort and that no classified networks were threatened.
White House spokesman Jay Carney told reporters the White House is equipped with