WASHINGTON - A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown.
Recent Business News
DETROIT - Until two years ago, Mary Barra, the incoming CEO of General Motors Co , was little known outside the automaker. But her rapid rise inside the company, including a 2011 promotion to senior vice president, was signaled more than a decade ago.
NEW YORK - During three decades of working for Bernard Madoff, Frank DiPascali said knew his boss was running an illegal scheme.
- Banks and asset managers scored some small victories after U.S. regulators narrowed the scope of a provision in the Volcker rule that restricts banks' ownership stake in hedge funds and private equity funds.
DETROIT - General Motor Co's incoming president has gone to great lengths to prove that while he is the U.S. automaker's chief financial officer, he is not just a "bean counter."
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.