DHL lost their shirt trying to compete with UPS and FedX. Poor babies. But they're not alone in being shirtless: The deepest cuts will be in Wilmington, where DHL built the hub in 2005 on a former Air Force base with the help of a $400 million state and local incentive package. DHL operates the hub ...

Surprise! Remember all those toxic loans we had to buy up? You know, using $700 billion of taxpayer’s money, on an emergency basis? The very raison d’etre for the TARP monstrosity? Well it turns out we don’t now need to buy those toxic assets, and we are going to get all our money back!! WASHINGTON ...

The tsunami of public expenditure, that is. The Bush administration signaled yesterday that it would reject a proposal by congressional Democrats to immediately advance $25 billion in government loans to ailing Detroit automakers. Loans which would be used for what, you ask? Congressional ...

WASHINGTON -- Michigan Sen. Carl Levin said Sunday the top executives of Detroit's Big Three automakers should consider resigning if necessary to convince Congress to quickly pass up to $25 billion in emergency loans for the struggling companies. "If it was the difference between getting this ...

Funny truths about life in small small Singapore 1. Nite - Sleep with air-con; Day - Bathe with heater on 2. Day - Cannot Wake up; Nite - Cannot Sleep 3. Cigarettes - Convenient to buy; not convenient to smoke 4. Chewing Gum - Can Chew, Cannot buy (restriction to sell). 5. Smell Of rubbish besides letterboxes; ...

Paul Volcker, the central banker responsible for crushing inflation in the United States in the 1980s, blamed excessive pay packages yesterday for leaving the world with a "broken financial system". Speaking in London, the former chairman of the Federal Reserve, who some have tipped for a key role in ...

Levine argues that the only possibility of saving once-great GM is to force it to manage its own problems and allow it to go bankrupt. Critics of the bankruptcy option say GM won't be able to get needed loans to guarantee warranties, pay its operating losses while it restructures, and preserve ...

Just a few weeks ago, the Big Three American automakers convinced Congress to give them $25 billion in cheap loans to retool their plants to make fuel-efficient cars. Then, with nary a blush, the Ford Motor Company introduced the new star in its line: the 2009, 3-ton, 16-miles-per-gallon, F-150 ...

SAN FRANCISCO (MarketWatch) -- Senate Majority Leader Harry Reid (D-Nev.) is expected to introduce a bill this evening to provide U.S. auto makers with $25 billion in low-cost loans, according to media reports late Monday. The money will reportedly come from the Treasury's $700 billion bailout ...

Senate Democrats are proposing to deny bonuses to U.S. auto executives making more than $250,000 a year in exchange for giving the firms and their suppliers $25 billion in loans from the $700 billion Wall Street bailout.