Offstream
news

General Motors pulls out of right-hand drive markets, ending the Holden brand in Australia.
2020-02-17

General Motors announces it will cease production at the Oshawa Car Assembly in Oshawa, Lordstown Assembly in Lordstown, Ohio, and the Detroit-Hamtramck Assembly in Detroit. Two transmission plants, the Baltimore Transmission in Baltimore and the Warren Transmission in Warren, Michigan, are also expected to stop production.
2018-11-26

A US federal judge orders PricewaterhouseCoopers to pay US$625.3 million compensation to Federal Deposit Insurance Corp. The judge rules PwC negligently caused losses to F.D.I.C. by failing to uncover fraud during audits of Colonial BancGroup. Colonial, one the nation's 25 largest banks, and Taylor, Bean & Whitaker, the 12th-largest mortgage broker in the US, both collapsed in August 2009 as a result of fraud between the two. F.D.I.C. was the receiver for Colonial.
2018-07-2

Starbucks executive chairman and former CEO Howard Schultz retires from the company.
2018-06-4

Toys "R" Us considers closing all its stores in the United States.
2018-03-8

U.S. Federal Reserve Vice Chair Stanley Fischer announces he will resign in mid-October, eight months before his term expires.
2017-09-6

Robert Kaplan, head of the Federal Reserve Bank of Dallas, says that low bond yields suggest sluggish growth ahead for the economy of the United States.
2017-06-20

General Motors announces that it is recalling 218,000 older model Chevrolet Aveos due to a fire hazard.
2014-05-21

Mortgage applications declined by 14% in the week ending 12 November, the biggest drop this year.
2010-11-17

GM workers protest a drop in wages, from $58,000-year to $30,000-year, at a new car plant in Michigan that was funded by a $50 billion government bailout and is receiving $770 million in tax incentives.
2010-10-17