Business News Archive - March 10, 2006

WASHINGTON (Reuters) - A group of lawmakers on Friday said an industrial bank owned by Wal-Mart, the world's largest retailer, could threaten the stability of the U.S. financial system and drive community banks out of business.

DETROIT (Reuters) - General Motors Corp. is recalling 805,368 Chevrolet Silverado and GMC Sierra pickup trucks for weak tailgate support cables, the National Highway Traffic Safety Administration said on Friday.

Enron Corp. said on Friday it reached settlements totaling more than $400 million on disputed electricity and natural gas transactions in the western United States from 1997 to 2003.

Word of the Day
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.