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Robonaut to Join Astronauts for Space Mission
By Lee Speigel - AOL News"Warning, warning, Will Robinson!" Ah, the phrase heard around the galaxy from the classic 1960s television series, "Lost in Space." It was the voice of the boy's mechanical pal trying to keep the young Robinson aware of some sort of approaching threat. And now, NASA is about to launch its long-awaited robotic companion to astronauts in space: Robonaut 2. In a unique partnership, NASA and General Motors have come together to develop a new generation of robots for both the automotive and aerospace industries. ...
GM Auctions First Electric Car for Detroit Schools
By Susanna Baird - AOL News
(Dec. 7) -- The Chevrolet Volt, GM's new electric car, just hit production lines last week but has already been named 2011 car of the year by Motor Trend, Automobile Magazine and Green Car Journal. Despite a seemingly prohibitive $41,000 price tag, dealers report waiting lists for the vehicle, which features a combination gas/battery-powered engine. The car can travel 35 miles on electricity alone and an additional 340 miles on a full tank of gas. Bill Pugliano, Getty Images A Chevrolet Volt, GM's new electric car, is being auctioned to benefit science and math programs in Detroit's ...
TARP Bailout Will Cost $25 Billion, Well Under Earlier Estimates, CBO Says
By Carla Baranauckas - Politics DailyThe Troubled Asset Relief Program, known as TARP, through which Congress authorized the Treasury Department to spend $700 billion to buy or insure troubled assets to promote stability in the financial markets, will likely end up costing the United States $25 billion, according to an estimate issued Tuesday by the Congressional Budget Office. "Clearly, it was not apparent when the TARP was created two years ago that the cost would turn out to be this low," the budget office said in its latest report on the program. "At that time, the U.S. financial system was in a precarious condition, and the ...
The Thanksgiving of Our Dreams: Open Your Eyes, It's Right Here
By James Grady - Politics DailyHey, 2010: We've made it this far, and that deserves a lot of thanksgiving. Politics is part of how we got here. Part of the good. Part of the bad. Part of our American dream. Part of politics we can be thankful for now is the SHUT UP factor. Listen to your lives. Do you hear it? Maybe not the sounds of silence, because the shouting never stops in modern America. But now the volume of political shouting is dialed-down because our latest electoral brawl is over -- except for random re-counts, court challenges, simple twists of fate and Congress's "lame duck" soup. Now, driving home ...
Boffo GM IPO Highlights Secret of TARP's Success
By Joseph Schuman - AOL News
ANALYSIS (Nov. 19) -- The success of General Motors' return to the stock market caps the revival of a one-time bastion of American industry all but left for dead by investors just two years ago. But it is also the latest achievement to mark the quiet triumph of the multibillion-dollar government financial programs begun in the Bush administration, and continued by President Barack Obama, that economists credit with staving off a depression even though many Americans hate them. "Today one of the toughest tales of the recession took another big step towards becoming a success story," Obama ...
Obama Touts GM as Recession 'Success Story'
By not in system - AOL News
Breaking sharply from his defensive crouch following this month's electoral "shellacking," President Obama took a moment to celebrate some hard-won success on Thursday. The president championed his administration's decision to rescue the troubled U.S. auto industry last spring, pointing to General Motors' initial public offering (IPO) of its stock -- one of the largest IPOs in American history. "Today, one of the toughest tales of the recession took another big step towards becoming a success story," said the president. ...
Obama Touts GM Turnaround As Recession 'Success Story'
By Alex Wagner - Politics DailyBreaking sharply from his defensive crouch following this month's electoral "shellacking," President Obama took a moment to celebrate some hard-won success on Thursday. The president championed his administration's decision to rescue the troubled U.S. auto industry last spring, pointing to General Motors' initial public offering (IPO) of its stock -- one of the largest IPOs in American history. "Today, one of the toughest tales of the recession took another big step towards becoming a success story," said the president. As a result of the IPO, American taxpayers are expected to recoup their ...
GM Is Back on the Board, but How Much Did It Cost?
By J. Richard - AOL News(Nov. 18) -- Trading under the ticker symbol "GM," General Motors returned to the marketplace today with shares hovering around $35 for most of the day, besting expectations and boosting U.S. stocks. If all continues to go well, this year should mark GM's first full-year profit since 2004. From 2005 to 2009, the company lost $88 billion before filing for bankruptcy last year, Business Insider reported. Since 2008, the company has received bailout money from governments worldwide. So now that stocks are up, are GM and its employees in the clear? Surge Desk takes a look at the bailout by the ...
General Motors Stock Jumps After Return to Wall Street
By not in system - AOL NewsNEW YORK (Nov. 18) -- General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers. The stock rose sharply in its first minutes of buying and selling, going for nearly $36 per share - almost $3 more than the price GM set for the initial public offering. The stock pulled back slightly by early afternoon and closed at $34.19. It had traded for less than a dollar when the old company filed for bankruptcy last year. On the floor of the New York Stock ...
Who Deserves Credit for GM's Revival?
By not in system - AOL News(Nov. 17) -- Punctuating an astonishing turnaround, General Motors will offer its stock to the public Thursday in what could be the biggest IPO in U.S. history. As investors line up to place their bets, it's striking to think that just 16 months ago the automaker was on its deathbed. With that in mind, who deserves credit for GM's revival? Business writers wrestle it out: It's an Amazing Turnaround Story, writes Halah Touryalai at Forbes: GM stock has become such a hot item that underwriters stopped taking orders for the IPO yesterday, which was more than seven times oversubscribed, ...
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