Plans for a government bailout of small-business lender collapsed Wednesday.
CIT is one of America’s largest lenders to small businesses. It also made many subprime mortgage loans and is now seeking US assistance.
The sharp decline in drilling – a 46 percent drop compared with last year – could push up future energy prices.
eBay has been selling used cars for years, but laws currently prohibit direct sales from manufacturers.
CEO Fritz Henderson says the new GM will be lean and consumer-friendly.
They've dropped 5 cents over the past week and oil is down from $71 to below $60 a barrel. But lower fuel prices may not make an impression on recession-hit consumers.
They've received about half the transportation funding allotted so far. But mayors say cities' economic clout warrants a bigger share.