Content Tagged As government_bailout

3 years 10 months ago

GM accelerates to quarterly profit

General Motors says it rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that nearly caused its death....

4 years 2 months ago

AIG to pay out $100 million in bonuses

Reports say American International Group Inc. is about to pay about $100 million in a fresh round of bonuses to employees of its financial products division. That's the unit whose risky bets helped sink the company leading to a $180 billion government bailout. The New York Times reports although...

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