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As the price tag for propping up Detroit's desperate automobile industry approaches $40 billion, President Barack Obama and his new task force commanders must seize control quickly of the circus of warring factions in Detroit. Otherwise, taxpayers in Dow Jones News >

In December GM had said it would cut the number of plants from 47 in 2008 to 38 by 2012, but has now added another five factories facing the axe, which would leave it with 33 facilities. The US's third biggest carmaker said its radical surgery had in Dow Jones News >

The United Auto Workers has reached tentative agreements with Detroit's Big Three automakers on cost-cutting concessions to their 2007 national labor pacts, but talks continue over changes to retiree health care funding. Neither the automakers nor in Dow Jones News >

PremierWest Bancorp said Tuesday the U.S. Department of Treasury has invested $41.4 million in the bank as part of the Troubled Assets Relief Program approved by Congress in October. The Treasury received 41,400 shares of the bank's Series B in Dow Jones News >

HAMPTON - A motorist fell asleep while driving on Interstate 64 in Hampton early this morning and crashed into two state police cars that were on the shoulder while the troopers performed a field sobriety test on a suspected drunken driver. No one in Dow Jones News >