|
|
May 2009 - Posts
-
-
-
-
-
-
-
-
-
-
In vehicle showrooms across the U.S., questions about the future of auto giant General Motors Corp. add to the usual haggling and give-and-take. Read More...
|
-
The stock market is looking winded from its three-month race upward. Read More...
|
-
GM was making final preparations Sunday for its bankruptcy protection announcement after bondholders accepted a sweetened deal, smoothing the way for a Read More...
|
-
Unoccupied, foreclosed homes would be defenseless in a storm; there will be no one to put up shutters, batten down garage doors and otherwise secure homes Read More...
|
-
Last-minute details are being worked out between local German governments and a Canadian auto parts giant in its effort to acquire GM's Germany-based Opel Read More...
|
-
After years of acrimonious economic relations with China, the U.S. insists it wants to turn the page and develop closer ties with the world's third largest Read More...
|
-
We first heard the term decades ago: The "Sun Belt" was just starting a run of phenomenal growth — and no wonder. It conjured a sunny state of mind as Read More...
|
-
General Motors' bondholders agreed Saturday to exchange their debt for an ownership stake in the ailing carmaker, clearing the final obstacle to an orderly Read More...
|
-
The GM that helped move the world from horses to Chevys and Cadillacs is expected to file for bankruptcy protection Monday and will likely emerge a shadow Read More...
|
-
Timothy Geithner's first trip to China as treasury secretary comes at a vulnerable time for the Obama administration. Read More...
|
-
-
-
-
-
GM, Chrysler and Ford must convince Gen Y consumers that their quality has risen and their new models deserve consideration. Read More...
|
-
It's no secret General Motors has been in trouble for a long time. Read More...
|
-
A look at key events in General Motors' long and sometimes troubled history. Read More...
|
-
-
-
-
-
-
-
-
Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long Read More...
|
-
GM's bankruptcy protection filing will be bad news for everyone—except the lawyers, accountants, and paper-pushers who'll make a mint off it. Read More...
|
-
Beijing lost a fair bit of face yesterday when Chinalco, a Chinese state backed aluminum company, was forced to walk away from a $19.5 billion offer to Read More...
|
-
-
German leaders have long boasted about the stability of their financial system, and lately have been blaming the global credit crisis on American irresponsibility. Read More...
|
-
-
U.S. consumer confidence improved in May to its highest level since last September, prompted by hopes the government's economic stimulus program will bring Read More...
|
-
The economy sank at a 5.7 percent pace as the brute force of the recession carried over into the start of the year. Read More...
|
-
The first visible chunk of federal stimulus money to reach Elkhart County landed in a tick-ridden wetland near the Michigan border, where members of the Read More...
|
-
-
The speed at which General Motors Corp. exits bankruptcy protection will depend a lot on the shape the company is in when it enters. GM has three more Read More...
|
-
It could be decision day Friday for a judge trying to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the Read More...
|
-
-
-
-
-
-
-
-
-
-
Whether or not General Motors files for bankruptcy protection, the carmaker has made clear that its future plans do not include two once-promising brands, Read More...
|
-
-
-
-
Senior government officials say they are focused solely on forcing critical financial repairs at companies in which it plans to take large ownership stakes. Read More...
|
-
-
Roger Wald recently discovered he would save if he refinanced his mortgage at 4.75 percent. Wald, an auto body repairman in Sarasota, Fla., could have Read More...
|
-
-
When credit was flowing, stock portfolios were rising and jobs were plentiful, Americans bought and bought, stuffing their closets with everything from Read More...
|
-
-
PC maker Dell Inc. said Thursday its fiscal first-quarter profit fell 63 percent as the recession continued to crimp computer sales around the world. Read More...
|
-
-
-
-
The Chinese finally may be getting serious about loosening their ties to the dollar—and even replacing the greenback with the yuan as the global economy's Read More...
|
-
-
-
New coolers from a Florida company and a business in Texas that have passed federal and state tests for resistance to grizzlies are the first to be mass-produced Read More...
|
-
-
Visteon Corp., Ford's top parts supplier and former subsidiary, has filed for Chapter 11 bankruptcy protection, dealing yet another blow to the reeling Read More...
|
-
-
Chrysler on Thursday launched into its second day of testimony in its bid to convince a bankruptcy judge that a deal with Italian automaker Fiat is the Read More...
|
-
-
-
-
-
-
New U.S. home sales were almost flat last month, indicating that the housing market's recovery will likely be a slow and gradual process. Read More...
|
-
General Motors said Thursday that a group representing its major bondholders has accepted a sweetened deal to exchange their debt for stock in the ailing Read More...
|
-
-
-
-
-
-
The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers. Read More...
|
-
Time Warner Inc. says its board has approved plans to spin off AOL, the company's lagging Internet unit. Read More...
|
-
-
The government says demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three Read More...
|
-
-
The letter may look like a government form. The logo may seem official. The Web site address may sound like an agency that can help. Read More...
|
-
-
-
-
-
Toys R Us. Inc. announced early Thursday that it had bought troubled high-end retailer FAO Schwarz, which has struggled for years through bankruptcies Read More...
|
-
-
-
-
-
A new name for GM is making the rounds, sometimes with irony, sometimes with dread, suggested by the deepest Washington industrial intervention in a half-century Read More...
|
-
Yahoo's CEO said that she is open to joining forces with Microsoft, but a deal would need a specific set of terms — including "boatloads of money." Read More...
|
-
-
-
-
A bankruptcy filing by General Motors Corp. would not only send one of America's most storied automakers into further upheaval, it would also force a shake-up Read More...
|
-
The U.S. dollar spiked when the economic crisis was peaking, and it's falling now that a recovery's in sight. What gives? Read More...
|
-
-
According to a survey released Wednesday by the Consumer Federation of America, at least 1.3 million have fallen some form of the fake check scams. Read More...
|
-
Medicare and Social Security are in terrible shape. Unfortunately, private-sector health and pension plans are doing even worse. Read More...
|
-
The idea of hiring unpaid interns this summer has become very appealing to small business owners contending with a difficult economy. Read More...
|
-
Whether sit-down or take-out, restaurant chains are finding the key to persuading people to spring for lunch these days is keeping the tab below $10. Read More...
|
-
The future of Chrysler hung in the balance as it made its case in bankruptcy court to sell the bulk of its assets to a group headed by Italy's Fiat in Read More...
|
-
-
-
-
-
-
Times are tough, which is why Americans should check if they are entitled to the billions of dollars in unclaimed property being held in state controllers' Read More...
|
-
Treasury Secretary Tim Geithner announced Wednesday that organizations working in 33 states would receive $1.5 billion in business tax credits fueled with Read More...
|
-
-
-
-
Burger King Corp., the nation's No. 2 hamburger chain, is adding three new Kids Meal options that comply with its pledge to only advertise healthier meals Read More...
|
-
-
The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to more than 300, the government said. Read More...
|
-
A real estate group says sales of previously occupied homes rose modestly from March to April as buyers swooped in to take advantage of prices that were Read More...
|
-
-
-
-
-
Of all the bad loans made by Credit Suisse in 2002-06, Western resort loans have to be among the worst. Read More...
|
-
There are plenty of dangerously liars — and not just the Bernie Madoffs and Jeffrey Skillings of the world. Indeed, under the right (or wrong) circumstances, Read More...
|
-
-
GM is expected to follow its smaller North American rival Chrysler into a government-managed Chapter 11 bankruptcy — the biggest industrial bankruptcy Read More...
|
-
-
-
-
-
-
-
-
-
-
-
-
Sonia Sotomayor, President Barack Obama's choice for the Supreme Court, has compiled a balanced record on business issues that is hard to pin down, legal Read More...
|
-
-
-
-
Target Corp. is going bananas to keep up with Wal-Mart Stores Inc. Read More...
|
-
-
Dallas Mavericks owner Mark Cuban wants an insider trading lawsuit against him thrown out, but he'll have to wait for a judge's decision. Read More...
|
-
-
-
Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it Read More...
|
-
Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it Read More...
|
-
-
A European bank that was among the biggest losers in the Bernard Madoff swindle will pay $235 million to resolve potential legal claims by the trustee Read More...
|
-
A federal agency has cited Wal-Mart Stores Inc. for inadequate crowd management in the death of a worker at a New York store. Read More...
|
-
-
-
-
-
-
-
It's increasingly obvious that Congress and the president will deal with the political stink bomb of an aging society only if forced. And the most plausible Read More...
|
-
-
-
A private research group says consumer confidence in May soared to the highest level since last September amid tentative signs that the economy is improving Read More...
|
-
-
-
The Standard & Poor's/Case-Shiller National Home Price index released Tuesday reported home prices tumbled by 19.1 percent in the first quarter, the most Read More...
|
-
The clock is ticking on a June 1 deadline for GM to restructure, and this make-or-break week is expected to bring plant closures, employee concessions Read More...
|
-
-
-
-
-
-
Relaunched by Germany's BMW in 2001, the quirky, iconic British car has become an international success. Read More...
|
-
-
In a tale of two Pennsylvania car dealers, a father and son were shocked to learn they will lose their 87-year-old franchise, while a more modern outlet Read More...
|
-
Fears are growing that the Federal Reserve's efforts to steer the economy away from a 1930s-era depression would push the country toward '70s-style inflation Read More...
|
-
-
-
-
-
-
-
-
-
-
-
Canadian Auto Workers members voted 86 percent in favor of a cost-cutting deal with General Motors Canada as the automaker bids to qualify for more government Read More...
|
-
-
-
-
-
-
A collapse in milk prices has wiped away the profits of farmers, driving many out of business while forcing others to slaughter herds or dump milk on the Read More...
|
-
Most car companies are racing to bring electric vehicles to the market. But one startup is skipping the high-tech electronics, making cars whose energy Read More...
|
-
A jump in oil prices to six-month highs despite anemic world demand is working against hardline OPEC members advocating even costlier crude ahead of the Read More...
|
-
Organizers of a world summit on climate change said Monday that 2 million new jobs would be created in the U.S. alone if it increased its reliance on cleaner Read More...
|
-
The Dallas Mavericks are out of the NBA playoffs, and the spotlight is now following the team's controversial owner, Mark Cuban, to a different venue — Read More...
|
-
In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans to prime loans issued to those with decent Read More...
|
-
Combine Oprah Winfrey's endorsement with a chicken giveaway and what do you get? Read More...
|
-
The blogosphere has begun to chronicle a disturbing phenomenon in offices around the country — endless stretches of uninhabited cubicles where friends Read More...
|
-
Investors have lost some of their bravado when facing bad economic news. Read More...
|
-
-
-
Out-of-state students, who pay a huge tuition premium to attend, are doing something no one ever thought they would: They're staying home. Read More...
|
-
Shortly before taking over as head of AOL in April, Tim Armstrong ripped out some office doors. Read More...
|
-
Loan defaults in the worst commercial real estate market in decades have created tens of billions worth of distressed properties across the U.S. and cut-rate Read More...
|
-
As the economy sheds jobs, community colleges across the country are reporting a surge of unemployed workers enrolling in courses that offer training for Read More...
|
-
-
-
-
GM said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $19.4 billion in loans Read More...
|
-
-
Backyard grillers may get a little steamed this holiday weekend when buying refilled propane tanks: They will be getting less fuel for their money than Read More...
|
-
Buried in a housing law signed this week by President Obama are protections that will help renters stay in their homes after their landlord has been foreclosed Read More...
|
-
Do you like your job? With the recession, officials say it appears fewer companies want to know the answer to that question. Read More...
|
-
Federal regulators are adopting a new system of special fees paid by U.S. financial institutions that will shift more of the burden to bigger banks to Read More...
|
-
-
-
-
-
There are pitfalls to the new credit card law passed by both houses of Congress and being signed into law by President Obama on Friday, and some are likely Read More...
|
-
Forty-four states lost jobs in April, led by California where employers slashed 63,700 positions, as the recession took a further toll on U.S. workers Read More...
|
-
A federal appeals court has largely endorsed a landmark ruling that found cigarette makers deceived the American public for decades about the health hazards Read More...
|
-
-
-
-
Diane Peek needed to move from Georgia to central Florida, but for six months no one even showed interest in the house she and her husband built outside Read More...
|
-
-
Mass layoff actions by U.S. employers fell sharply in April, according to government data on Friday that indicated the pace of the labor market deterioration Read More...
|
-
For anyone who's not a bank, the economy still looks bleak. That's why it's time to start demanding some reforms that help the rest of us. Read More...
|
-
-
-
-
-
-
-
New rules for the credit card industry that are designed to protect consumers from surprise charges, such as over-the-limit fees and costs for paying a Read More...
|
-
The good news is there are bargains to be had in the Hamptons real estate market. The bad news as Memorial Day beckons, is you will still need millions Read More...
|
-
-
-
-
-
-
-
-
Financial 'experts' offer many different opinions about where stocks and the economy are headed. How do you tell who's right? The Answer Desk, by John Read More...
|
-
One week, a federal report says the number of people filing new claims for unemployment insurance has unexpectedly dropped, pointing to a slowdown in layoffs. Read More...
|
-
Regulators on Thursday shut down BankUnited FSB, a struggling Florida thrift whose closure is expected to cost the Federal Deposit Insurance Corp. $4.9 Read More...
|
-
The government is providing auto lender GMAC with $7.5 billion in fresh aid to enable it to make new loans for General Motors Corp. and Chrysler LLC vehicles Read More...
|
-
-
AIG announced that Chairman and CEO Edward Liddy will step down after replacements are found. Read More...
|
-
-
-
-
-
-
As tens of millions tank up and hit the road for Memorial Day weekend, gas prices are rising fast enough to revive painful memories of the $4-a-gallon Read More...
|
-
-
-
-
Many small business owners are likely to find a perennial summertime challenge, keeping their companies staffed during peak vacation times, even harder Read More...
|
-
The United Auto Workers union says it has reached a tentative agreement on contract concessions with the U.S. government and GM. Read More...
|
-
-
-
Rates on 30-year mortgages inched downward this week, remaining below 5 percent for the tenth-consecutive week and just above record lows. Read More...
|
-
The government is close to providing auto lender GMAC with billions of dollars in fresh aid, according to people with familiar with the matter. Read More...
|
-
-
-
More than two years year after the foreclosure rate began rising, a wave of distressed home sales continues to weigh on house prices and weaken a long-awaited Read More...
|
-
-
A private research's group forecast of economic activity rose more than expected in April, the first gain in seven months. Read More...
|
-
-
-
-
-
The number of newly laid-off workers requesting unemployment insurance dropped slightly last week after spiking due to auto layoffs, while continuing jobless Read More...
|
-
-
-
-
-
Closing auto dealerships are making for some fire sales — but you still need to be prepared before you walk onto a lot. Here's what you need to know. Read More...
|
-
-
-
The financial system, frozen solid for the past nine months, is in a spring thaw. And it's happening even though many of the Obama administration's major Read More...
|
-
The financial system, frozen solid for the past nine months, is in a spring thaw. And it's happening even though many of the Obama administration's major Read More...
|
-
-
Stocks erased a big early advance Wednesday, ending the day down after the Federal Reserve lowered its economic outlook for 2009. Read More...
|
-
-
-
-
-
-
-
-
President Obama said homeowners facing foreclosure would have a second chance under a measure he signed Wednesday, but he added consumers still must live Read More...
|
-
-
|
|