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| Tue, 7 Jun 2005 16:00:00 EST Workers to pay for GM's mistakes |
| There are times when Wall Street roots for job creation–like last week, when the Labor Department came out with its monthly jobs report. Then there are times when Wall Street favors job destruction–like this morning, when General Motors said it would slash 25,000 jobs in the United States, or more than 15 percent of its domestic workforce, by 2008. |
| Tue, 7 Jun 2005 16:00:00 EST Border Patrol union decries 'witch hunt' |
| In a sharply worded attack, the union for 10,000 U.S. Border Patrol employees accused the federal government of conducting a "witch hunt" in an investigation that implicated dozens of Border Patrol agents in a kickback scheme. The agents, said T. J. Bonner, the president of the National Border Patrol Council, were "victimized by a mindless bureaucracy." |
| Tue, 7 Jun 2005 12:00:00 EST Saving money on Rx drugs |
| Americans spent more than $235 billion on prescription drugs in 2004 to treat everything from heart disease to teenage acne. For years, public health experts have been saying that we could cut those costs if people would substitute generic equivalents of brand-name drugs when they are available. Now, a group of researchers from the Brigham and Women's Hospital in Boston and the University of California–San Francisco have figured out just how much we could be saving. |
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| last updated: Wed, 08 Jun 2005 03:25:55 GMT |
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| Tue, 07 Jun 2005 20:49:39 EDT Bush-Blair aim for full debt relief plan |
| The United States and Britain are working to provide the world's richest nations with a plan to eliminate debt for African countries "on the path to reform," President Bush said Tuesday. At a joint news conference with UK Prime Minister Tony Blair in Washington, Bush said: "Our countries are developing a proposal for the G8 that will eliminate 100 percent of that debt." |
| Tue, 07 Jun 2005 19:27:43 EDT Aruba men held on 'reasonable suspicion' |
| The search for Natalee Holloway will resume Tuesday in Aruba, a day after government employees joined police, Dutch marines and FBI agents in the search for the 18-year-old Alabama student. |
| Tue, 07 Jun 2005 17:30:57 EDT GM slashing 25,000 jobs |
| General Motors is cutting 25,000 jobs and closing an unspecified number of plants over the next 3-1/2 years, CEO Rick Wagoner told shareholders. The world's largest automaker is struggling to stem huge losses. The 25,000 jobs represent about 17 percent of GM's U.S. work force. Speaking at GM's annual shareholders meeting today, Wagoner said the company's goal is to trim capacity so that plants are running full out. |
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