WASHINGTON (Reuters) – Top executives of Ford Motor Co met on Friday with the Obama administration task force weighing restructuring of the U.S. auto industry, Ford said in a statement.

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Senior Ford execs meet with U.S. autos task force

General Electric Co. is cutting its third quarter dividend by 68 percent, a move that will save the struggling conglomerate $9 billion a year. GE, one of the nation’s largest companies, said Friday it will pay shareholders a 10-cents-per-share dividend…

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GE cuts qtrly dividend to 10 cts

Lockheed Martin Corp., the nation’s largest defense contractor, will have to wait a few more weeks to find out if the Pentagon wants to buy more F-22 fighter jets. The Pentagon’s outgoing acquisition czar, John Young, on Friday sent a letter to House Armed…

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DOD delays decision on Lockheed jet until April

DETROIT (Reuters) – Chrysler LLC, which is seeking $5 billion in additional federal aid to survive, has lowered the thermostat, dimmed the lights and stripped the clocks from the walls of its sprawling headquarters to save cash.

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Chrysler scraps clocks in race against time

The University of the Pacific has named its next president _ just the sixth in 85 years and the first woman. Pamela Eibeck, the dean of the engineering school at Texas Tech University, was introduced on the campus Thursday. The 51-year-old Eibeck also has…

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U of Pacific names new president Pamela Eibeck

RUESSELSHEIM, Germany (Reuters) – The European unit of U.S. carmaker General Motors said it planned to spin off its German arm Opel and needed 3.3 billion euros ($4.2 billion) in state aid to avert job cuts and site closures.

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GM plans Opel spin-off, needs billions from governments

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Retaining Customers through the Downturn

NEW YORK (Reuters) – Accused swindler Bernard Madoff moved $164 million from his firm in Britain to New York in the weeks before he was arrested on a charge of running the largest Ponzi scheme in Wall Street history, according to court papers.

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Madoff moved $164 million from UK firm to U.S.: receiver

DEARBORN, Michigan (Reuters) – Ford Motor Co expects U.S. auto industry sales to drop to about a 9 million unit range on an annualized basis in February as retail demand slipped, the automaker’s chief sales analyst said on Friday.

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Ford sees February U.S. auto sales near 9 million annual rate

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Ten Must-Do’s for the Audit Committee

NEW YORK (Reuters) – An agreement with the U.S. Treasury to swap Treasury bonds for non-government debt on the Federal Reserve’s balance sheet could help the central bank unwind its extraordinary credit-easing policies, a top Fed official said on Friday.

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Fed should switch other assets for Treasuries: Plosser

BOSTON (Reuters) – A General Electric Co spokesman declined to comment on a report by CNBC television that the U.S. conglomerate is cutting its quarterly dividend to 10 cents a share, from 31 cents.

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GE to slash quarterly dividend to 10 cents a share

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GE Sets Steep Dividend Cut

HOUSTON (Reuters) – The court-appointed receiver overseeing the financial empire of Texas billionaire Allen Stanford, who is charged with fraudulently selling $8 billion in certificates of deposit, has located $90 million in assets so far, an FBI agent said on Friday.

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Stanford receiver finds $90 million in assets: FBI

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Russia’s Big Plans for 2014 Sochi Olympics