GM CEO Says Government Bailout Was Right Thing to Do

The federal government’s controversial decision to step in and save General Motors from insolvency was the right thing to do, says the automaker’s new Chief Executive Daniel Akerson.
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Toyota May Supply Daimler with Hybrid Technology

Toyota is allegedly in talks to supply technology and key components for hybrid vehicles to Germany’s Daimler, according to a report Thursday in the Nikkei Business Daily newspaper. If a deal is made, Daimler would become fourt…

FedEx Earnings More than Double, Plans 1,700 Layoffs

Despite more than doubling its earnings over the last three months, economic bellwether FedEx says that it will slash 1,700 jobs as it closes 100 facilities.
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Smartphone of the Future Will Read Your Moods, Intel Says

The smartphone of the future will be able to react to your moods, Intel Corp’s (INTC) chief technology officer Justin Rattner predicts.

The phone of the future could use microphones, cameras and heart monitors to measure their user’s moods and offer …