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Economy

Government debt explosion turns corner

WASHINGTON, D.C. — The government’s explosive borrowing has hit a turning point: It’s expected to drop 18 percent this year after setting a record high last year. The brighter picture is due to higher tax revenue ...

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Six Flags emerges from Chapter 11

NEW YORK CITY — Six Flags Entertainment says it has emerged from Chapter 11 bankruptcy protection. The amusement park operator sought bankruptcy protection in June, burdened by high debt

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Kodak posts profit, but misses view

Eastman Kodak Co. said it posted a $119 million profit in the first quarter in contrast to a steep loss a year ago, lifted by inkjet printer sales and a settlement deal with Samsung Electronics Co. over disputed digital-imaging technology.

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GM to invest $890 million, keep 1,600 jobs

DETROIT — General Motors Co. will invest $890 million at five factories to make its V-8 engines more fuel efficient, preserving or creating roughly 1,600 jobs. The automaker planned to announce the investments ...

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