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According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for…
The market staged an improbable rally. After selling off over 500 points yesterday and opening down over 100 points today,…
The premise for Detroit going to Washington for $50 billion in loan guarantees is that the auto industry needs cheap…
According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss…
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for…
In community college Economics 101 students learn that there can be dips in bull markets. Usually these are caused by…
According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism. Reuters says the…
According to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the…
Ford (F) wants investors to think that there is profit in small cars. Since there is no money in SUVs…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division…
"Worst case scenario" is a term used by people who have been out of business school for less that two…
There was some ray of hope that the second half of the year would be OK when the government revised…
Robert Lutz, the oldest car company executive in the history of the industry, recently said that Detroit could not raise…
Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast…
Ford (F) Oil moves up. Drops to $4.25 from a 52-week high of $9.24. Nexmed (NEXM) Drug trial problems. Falls…
Our top personal finance-related articles today. Your wallet will thank you later.