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Report Criticizes U.S. Over Auto Dealer Closings (Jul-18, 15:40 EDT )-- The Treasury Department failed to consider the economic fallout when it told General Motors and Chrysler to quickly shutter many dealerships as part of government-led bankruptcies, a federal watchdog found. A report raises questions about whether the...
Special Report: Aviation: Bumpy Ride Ahead for Air Industries (Jul-18, 14:10 EDT )-- Airline traffic is back to pre-recession levels, but passenger and cargo revenues are not.
Optimistic BP Hopeful That Damaged Well Can Stay Closed (Jul-18, 13:10 EDT )-- BP said that it hoped to leave its well in the Gulf of Mexico closed down until it is permanently plugged, meaning that little or no more oil should spew into the gulf.
BP May Leave Well Capped Until Permanent Plug (Jul-18, 13:05 EDT )-- BP said Sunday its capped well in the Gulf still seems to be holding up and the company hopes to leave it capped for the next few weeks, while it works on plugging the well permanently with cement.
Telefónica Withdraws Bid for Brazilian Joint Venture (Jul-18, 12:17 EDT )-- Telefónica of Spain withdrew a $9.24 billion bid to take full control of its Brazilian wireless joint venture with Portugal Telecom after the Portuguese government vetoed the deal.
Technology Rivals Lobby to Break Microsoft’s Hold (Jul-18, 10:30 EDT )-- A plan to advise local governments on software purchases has set off a battle this summer between Microsoft and its rivals Google, International Business Machines, Red Hat and Oracle.
Media Cache: France’s Three-Strikes Law for Internet Piracy Hasn’t Brought Any Penalties (Jul-18, 09:19 EDT )-- As consumer preferences and technology change, some people in the music industry are proposing new ways to deal with piracy.
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