Business News: Taxpayers lose billions in GM bailout

(CBS) - Eight technology companies including Google, Facebook, Apple and Twitter have issued a letter to President Obama asking for reforms in the way the government conducts surveillance.

The companies say the balance has tipped too far in favor of the state and away from the rights of individuals.

The campaign is not just focused at the U.S. government, but it will also target countries around the world.




(CBS) - The U.S. Government bailout of General Motors is now a thing of the past and it wound up costing taxpayers billions.

The Treasury sold off the last of its shares in GM Monday, just four years after it moved to save the bankrupt automaker.

The net loss for taxpayers is $10 billion dollars.

A study by the Center For Automotive Research found that if GM had failed during 'the great recession,' it would have cost almost two million jobs and more than $39 billion in tax revenue.



(CBS) - Greek yogurt is going to the Superbowl.

Chobani says it will air its first Superbowl ads in February to help increase name recognition.

Greek yogurt now accounts for more than a third of the U.S. yogurt market and Chobani is the biggest brand.


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