leases

The 63 restaurants Friendly's closed on Wednesday resulted in about 1,260 layoffs -- more than 12% of the company's 10,300 person workforce. Everyone from managers to dishwashers were told Tuesday evening that the following day would be their last at Friendly's.

This recession has given birth to more new lingo than any other economic phenomenon in recent memory. We've had bailouts and frugalistas, ponzimonium and staycations, and now, I'm sure you've heard about the massive "robo-signing" scandal that is literally sweeping the entire nation. But you may...

The recent winning bidder for a low-mileage 2008 Ford Escape hybrid may have gotten more than he or she bargained for -- especially if it's dark gray in color. It seems that matches the description of the vehicle President Barack Obama drove prior to his bid to become president of the United States.

General Motors will once again have its own in-house financing unit starting Friday, when the auto giant closes on its $3.5 billion purchase of AmeriCredit. The new unit, to be renamed General Motors Financial, will allow GM to offer consumers more financing and leasing options.

Chicago's next mayor may find the city's coffers almost empty after Richard M. Daley dipped into reserves to balance this year's budget. The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year's budget partly with reserves. If he uses funds from...

Three months after turning in its first profit since bankruptcy, GM is expected to report even bigger profits during the second quarter when it releases its latest results on Thursday.