WASHINGTON (REUTERS) - The United States (US) government sold its last shares of General Motors (GM) Co on Monday, leaving taxpayers saddled with a total shortfall of about US$10 billion (S$12.5 billion) on the automaker's 2009 bailout.
GENEVA (AFP) - Some 300 Swiss banks have until the end of Monday to decide whether to hand over records to Washington, in a bid to skirt US legal action for assisting American tax dodgers.
WASHINGTON (AFP) - American Airlines and US Airways merged Monday to create the new American Airlines, the world's largest airline, after overcoming antitrust concerns.
BERLIN (AFP) - European aerospace giant EADS, the maker of Airbus aircraft, announced plans on Monday to cut 5,800 jobs in its defence and space division over three years, a French union said.
MADRID (AFP) - Prime Minister Mariano Rajoy said on Monday that falling wages had allowed Spain, which is grappling with an unemployment rate of nearly 26 per cent, save jobs.