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Business News
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Auto Makers Return to Capitol Hill
The CEOS of GM, Ford and Chrysler testified before a House panel in an attempt to further convince lawmakers to throw their companies a lifeline to stave off collapse.... 87.88
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Rep. Frank Wants Bailout Shared With Automakers
CEOs from GM, Ford and Chrysler appear Wednesday before the House Financial Services Committee. Rep. Barney Frank, the committee's chairman, has drafted legislation ex... 87.82
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Consumer Prices Sink Amid Slump
The U.S. consumer price index fell 1.0% in October from the previous month, the biggest drop in 61 years, on lower energy prices and a weak economy. Separately, home c... 87.71
TOP NEWS ARTICLES
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87.5
Economic data cast pall over Wall Street
More bleak economic data and fears that Washington could reject the car industry's pleas for a bail-out pushed US stocks lower. The cost of living plunged 1 per cent l...
87.45Auto Execs: Economic Downturn Is The Bad Guy
Executives from Detroit's Big Three automakers are back on Capitol Hill — appearing before a House committee Wednesday. They pleaded with the Senate Banking Comm...
87.3Oil sinks below $54 a barrel on demand fears
Oil sank below $54 a barrel on Wednesday, as the prospect of a global rout on demand due to the worldwide economic downturn pushed prices lower for a fourth-consecutiv...
86.8Detroit Chiefs Back on Hill for a Second Day
Rick Wagoner of General Motors, second from left; Robert Nardelli of Chrysler, and Alan R. Mulally of Ford listened to Professor Peter Morici of the University of Mary...
86.76Toyota Cuts North American Production For 2 Days
The world's biggest automaker says it will stop production at all U.S. and Canadian factories for two days next month. Toyota's assembly, transmission and engine plant...
86.76Chemical Maker Cuts Output Amid Downturn
BASF said that it would temporarily halt or slow production at 180 plants around the world as it adjusted to a “massive decline in demand” brought on by the curren...
86.75Gear Heads Prepare For Los Angeles Auto Show
It's time for the Los Angeles Auto Show, which is the first major North American auto show of the season. It's known for presenting cutting-edge technology and design....
86.67'Tis Not The Season For Retail Jobs
The poor outlook for the holiday shopping season is forcing retailers to slash seasonal jobs. L.L. Bean is filling 23 percent fewer positions this year. The nationwid...
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86.39
Markets in Europe and Asia Slip Lower
Worries about a global downturn weighed on banking and commodity stocks in Europe and Asia.
86.39Third-Quarter Home Sales Drop
New homes sales figures are out, and the news isn't good. The National Association of Realtors says 4 out of 5 metropolitan areas saw home prices drop in the third qua...
86.16Consumer Prices Fall on Drop in Energy Costs
The 1 percent decline last month was the largest in 61 years, as gasoline prices fell by a record amount.
85.61Hamish McRae: Should we keep our powder dry?
We are still in the early stages of the downturn but we can - in a funny way - see more about the policy response to it than we can about its scale and shape.
85.58Market update - 19 November
The FTSE 100 was down 74.49 points at 4134.06 while the FTSE 250 fell to 5810.13, down 115.85 points, at 12.00 pm.
85.53Protest ahead of HBOS takeover vote
Unions staged a protest today as Lloyds TSB shareholders prepared to vote on the proposed takeover of ailing rival HBOS.
85.51M&S slashes prices to beat downturn
Marks & Spencer will tomorrow hold a one-day 20 per cent off sale amid further signs of anxiety over the downturn in consumer spending.
85.37SKorea seeks to stop propaganda leaflets to NKorea
South Korean officials urged activists Wednesday to refrain from sending propaganda leaflets over the border into North Korea. But activists vowed to keep sending the ...
85.16European stocks depressed by heavyweights
European stocks fell on Wednesday as heavily-weighted sectors like banking, energy and metals weakened on fears of a prolonged recession
84.96Downturn sees sharp rise in wage freezes
The number of manufacturing firms freezing pay or deferring wage increases has risen sharply to almost one in four in the last three months, a new report revealed tod...
84.9Philippine Airlines reports $114M loss in 1st half
The national carrier Philippine Airlines said Wednesday an unprecedented surge in fuel prices left it with a loss of $113.8 million during the fiscal first-half. The c...
TOP BLOGPOSTS
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Should You Chase BJ's? (BJ, COST, WMT)
BJ's Wholesale Club Inc. (NYSE: BJ) appears to be one of the few standouts in...
Debt-Free Business: Japan vs U.S.
Interesting stat about debt among Japanese public companies. It points to one...
Obama and the Insider Effect
With so many advisers linked to Wall Street, how much change will President-...
Collapsing Auto Sales Hit Mining (SWC)
If Detroit doesn't build cars, then there is little market for catalytic conv...
Jack Myers: Is the Future of Advertising Worth Preparing For? Classic Jack from 1993
The following commentary was originally published in 1993, appearing in Jack ...
GM (GM) Hits 52-Week Low: Ford (F) Heads Toward Penny Stock Land
If stock market sentiment is any indication of whether The Big Three will get...
Why Yahoo Won't Find A Good New CEO
The ouster of Jerry Yang as CEO of Yahoo has been a long time in the making, ...
Enterprise Products Gets More Credit (EPD)
Enterprise Products Partners LP (NYSE:EPD), a pipeline master limited partner...
Beetles Killing Trees In Colorado, Reviving An Industry
Grand Lake, Colo., is regarded as ground zero for the pine beetle epidemic in...
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Global Markets All Pointing to Deflation
Good chart from Bloomberg showing how most major global markets now point to ...
Imported Cars Sitting Idle By The Thousands In Dealership Lots
LONG BEACH, Calif. -- Gleaming new Mercedes cars roll one by one out of a hug...
Sergeant, Tocqueville & democracy
John Sergeant’s performance on Strictly Come Dancing has reminded me of Ale...
Sun Shines on LDK Solar (LDK, WFR, ENER)
Before the market opened this morning, LDK Solar (NYSE:LDK) reported third qu...
Goldman Sachs Changes To Conviction List (RIMM, CSCO, RVBD)
This morning Goldman Sachs has made two key technology changes to its Convict...
Woolworths May Sell Retail Arm
Shares in Britain’s Woolworths Group plunged 32 percent Wednesday after...
Grand Canyon Cuts I.P.O. Price Range
Grand Canyon Education, one of the few companies to brave the market for init...
Icahn Takes Stake in Another Drug Maker
Carl C. Icahn can’t seem to get enough of drug companies. The activist...
SolarWorld Offer 1 Billion Euros For German G.M. Unit
German solar energy company SolarWorld said Wednesday it plans to offer 1 bil...
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Against All Odds, E*TRADE Keeps Growing (ETFC)
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has been hit much harder than mo...
Another Rough Day For Citigroup (C): It Buys Out Its SIVs
Citigroup (C) is off almost 4% at the open after news that in order to comple...
Big Three CEOs Flew Private Jets To Plead For Public Funds
The CEOs of the big three automakers flew to the nation's capital yesterday i...
NVIDIA/Cray Supercomputing For You... Right As Hard Times Kick Off (NVDA, CRAY)
NVIDIA Corporation (NASDAQ: NVDA) and Cray Inc. (NASDAQ: CRAY) have announced...
In Win for Funds, Carrefour Ousts Its Chief Executive
In a win for a consortium of powerful investors after months of speculation, ...
Romney Says Detroit’s Bailout Won’t Work
Mitt Romney, the former Republican presidential candidate and private equity...
Disney Plans To Release 5 Films, 3-D "Christmas Carol," On IMAX
LOS ANGELES — The Walt Disney Co. said Wednesday it agreed to deliver f...
Nomura C.E.O. Looks for Tansformation in Lehman Deal
The head of Nomura Holdings, Japan’s biggest brokerage, is seeking not...