Ford Takes $5.9 Billion Hit

Detroit

Updated Apr. 25, 2017 4:24PM EDT / Published Jan. 29, 2009 2:45AM EST

Ford Motor Co. is on the ropes after announcing $5.88 billion in losses last quarter due to the declining economy. Despite the massive hit, Ford said it will not ask the government for a bailout as it has enough credit—$10.1 billion—to weather the storm for now. Board members believe it can break even by 2011 and perhaps even turn a profit, but with the auto industry in free fall it will be a tough slog until then.

Read it at Reuters

Trump Trial Reveals Other Stars Who Paid to Bury Stories

David Pecker, the former National Enquirer publisher, dished the details during his testimony Thursday.

Dan Rather to Appear on CBS News 18 Years After Messy Exit

Rather, 92, is slated to speak about his time at CBS in an interview set to air Sunday.

Founding Member of The Moody Blues Dead at 82

The English rocker founded the band in 1964 and was inducted into the Rock and Roll Hall of Fame in 2018.

Doug Emhoff Quietly Called Columbia’s Jewish Leaders

The move by Vice President Kamala Harris’ husband comes as the White House is under pressure to respond to pro-Palestinian protests.

Cousin Hopes Josh Duggar Is Experiencing ‘Absolute Torture’

Three years after the former “19 Kids And Counting” star was arrested for child sex abuse materials, his cousin Amy says she still wishes him the worst.

3 Women Got HIV From ‘Vampire Facials’ at Shady Spa

The Albuquerque clinic was unlicensed and unsanitary, officials say.

ByteDance Won’t Sell TikTok to Protect Its Algorithm: Report

Sources said that if the company’s legal challenges fail, ByteDance would be willing to call it a loss.

Why Columbia’s Senate Won’t Censure President Over Protests

The faculty body is set to vote on a watered-down version of a resolution against her.

Ford Takes $5.9 Billion Hit