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If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let's be clear. The alternative to government cash for GM is not a dreamy Chapter 11 filing, a reorganization that puts dealers and the UAW in ...
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NEW YORK (AP) - Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news.
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By Mark Felsenthal WASHINGTON, Nov 14 (Reuters) - US Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest but acknowledged the United States' reputation has been ...
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Reuters - U.S. stocks fell on Friday after a record drop in retail sales last month heightened fears that American consumers' reluctance to spend will push the economy into an even deeper downturn than currently expected.
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Teens may love to shop till they drop, but the slump in the economy has a stranglehold on their wallets. On Friday, teen retailer Abercrombie & Fitch reported its third-quarter profit tumbled 46.0% on a downturn in consumer spending and it doesn't ...
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The FDIC chairwoman unveils plan that would streamline modifications to put delinquent borrowers in affordable mortgages. By Tami Luhby, CNNMoney.
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By Shobhana Chandra and Bob Willis Nov. 14 (Bloomberg) -- Retail sales and prices of goods imported to the US dropped by the most on record, signaling the economy may be in its worst slump in decades.
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By Maya Jackson Randall and Jessica Holzer WASHINGTON -(Dow Jones)- The US Treasury on Friday was set to receive a flood of last-minute applications from firms seeking government rescue funds by the Nov. 14 deadline.
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By Susanna Ray Nov. 14 (Bloomberg) -- Boeing Co. and the leaders of its second-largest union reached a tentative agreement on a four- year contract proposal today that would avert a second strike this year if members approve.
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By Kathleen Hays and Michael J. Moore Nov. 14 (Bloomberg) -- Bill Gross, manager of the world's biggest bond fund, said the debt of consumer-finance companies is attractive after Treasury Secretary Henry Paulson announced plans to use the second half ...
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