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NPR

General Motors Reports Record $7.6 B Profit In 2011

The automaker announced Thursday that it earned its largest profit ever in 2011 — $7.6 billion — citing strong sales in the U.S. and China. The company nearly collapsed two years ago and needed a bailout by the U.S. government, which still owns about 26 percent of the company.
NPR

Record GM Profits Could Make Romney's Anti-Bailout Message A Harder Sell

The potential problem for Romney, however, is that even some Republicans, let alone Democrats and many independents, are likely to see GM's financial results as further vindication of the federal bailouts and Obama's approach.
NPR

Moody's Warns More Credit Downgrades Are Coming

The U.S. rating agency Moody's announced Thursday morning more downgrades are on the horizon — this time for nearly 20 global banks and dozens of additional European firms. Names like Morgan Stanley and UBS could see their long-term credit ratings affected. It's another indicator of the wide reach of Europe's debt crisis.
NPR

Frustrations Mount As Greece Waits For Bailout

Greece has pushed itself to the edge of chaos with austerity measures, and Europeans officials say it's still not enough. The Greeks need more European help — $170 billion to avoid default next month.
NPR

Apple Urged To Fix Apps That Access Address Books

Apple is under pressure by consumers and lawmakers on Capitol Hill to enforce its rules when it comes to iPhone apps that upload users address books. Several social media apps, such as Facebook and Twitter, can gain access to a phone's address book, and users often aren't warned what's happening.
NPR

House Republicans Mull Ways To Fund Public Transit

It's estimated the nation faces a $3 trillion backlog in unmet road and transit needs. Since the Reagan administration, public transit has been funded from the same revenue stream as roads and bridges. Now there's a movement to fund public transit with revenue sources other than the gas tax.

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