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Topic: Itay Michaeli

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  • General Motors to buy back US-owned stake. US to lose billions?

    General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received. 

  • Ford Motor to repay $4 billion more in debt
    Ford Motor to repay $4 billion more in debt

    Ford Motor Co. will reduce its debt by another $4 billion as it continues to show signs of strength.

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Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Scott Budnick works in the dining room as customers arrive for a free meal at the Mathewson Street Friendship Breakfast in Providence, R.I.

Scott Budnick serves breakfast – with a side order of respect – to the homeless

Sunday breakfast at a Providence, R.I., church is more than a free meal. Half the volunteers are homeless themselves: 'It's their [own] breakfast that they're putting on.'

 
 
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