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GM is just the latest government takeover

The U.S. assumption of a controlling interest in General Motors Corp. isn't the first time the government has nationalized a company or an industry. It has taken shares in banks,…

General Motors goes bankrupt today

General Motors Corp., the century-old automaker battered by the economic downturn, mounting debt and management problems, will file for bankruptcy Monday.

It will be the largest industrial bankruptcy in…

Employees rip off child abuse non-profit

A national nonprofit that helps victims of child sexual abuse across the country was ripped off in a scam orchestrated by three of its own employees, according to federal court…

Torture photos? What torture photos?

A retired US Army general has denied reports that he has seen the pictures of prisoner abuse in Iraq that President Barack Obama is fighting to keep secret.

Britain's…

Psst! Anyone seen that missing hard drive?

The National Archives is offering a $50,000 reward for recovery of a missing computer drive containing sensitive Clinton administration data.

The Western Digital My Book external hard drive was…

Widespread abuse of government credit cards

Laser eye surgery may improve one's visual horizons, but it doesn't qualify as a travel expense, a congressional office says in a report on abuses of the federal travel card…

So, what happens to Detroit now?

It's surreal to be here in the Motor City these days, wondering how or if it will reinvent itself. As Pittsburgh was once Steel City and then became a Mecca…

Let’s face it: America is broke

"We're out of money," President Obama admitted. "We're operating in deep deficits," he said in a C-Span interview last week.

While Obama is refreshingly realistic, he resembles a man…

RIP for AOL

Time Warner's long corporate nightmare is almost over. It announced that it would dump AOL by spinning off the onetime new media giant as an independent company by the end…

What should the U.S. do about North Korea?

North Korea is rattling the saber again. But this time, Kim Jong Il may unsheathe his sword on South Korea and U.S. troops stationed there.

Pyongyang this week tested…