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Companies
General Motor’s Financial Woes and the Road Ahead
On November 7, General Motors posted a net $2.5-billion third quarter net loss, and at the same time, said that it may run out of cash in 2009.
November 21, 2008
BY
Titus Hsu
Wall Street Banks Clamp Down on Bonuses
Large Wall Street firms are finally bucking the recent compensation trend by slashing year end bonuses.
November 20, 2008
BY
Antonio Perez
Possible Auto Bailout Package Prompts Canada to Act
Canada is preparing a bailout package for its auto industry.
November 19, 2008
BY
Matthew Little
As Yahoo’s Yang Exits, Investors Heave Sigh of Relief
Jerry Yang's agreement to step down from his post as CEO of Yahoo Inc. seems to have brought ...
November 18, 2008
BY
Ram Srinivasan
Beleaguered Citigroup to Cut 52,000 Additional Jobs
Financial giant Citigroup Inc. announced plans to cut 52,000 jobs as it struggles to emerge from the credit ...
November 17, 2008
BY
Ram Srinivasan
Retailers Brace for a Chilly Holiday Season
2008 holiday sales are expected to be the worst in recent history.
November 17, 2008
BY
Antonio Perez
Market Share May Not Equate to Quality
The biggest names in finance may not be the highest quality.
November 16, 2008
BY
Heide B. Malhotra
Google Launches Gmail Video Chat
Google has added a new feature to Gmail: video chat.
November 13, 2008
BY
Cindy Pom
Small Business: How to Survive the Economic Downturn
Things to consider to survive the economic downturn.
November 13, 2008
BY
Joe Witte
Downturn Hits Industry Stalwart Toyota
Recent news of a struggling Toyota Motor Corp. caught many analysts by surprise.
November 8, 2008
BY
Antonio Perez
U.S. Biofuels Industry Ready to Take Off
Industries addressing climate changes will prosper.
November 5, 2008
BY
Heide B. Malhotra
Chase Freezes Foreclosures, Modifies Loan Terms
Chase announced it would freeze all foreclosures for 90 days and modify loans for borrowers.
November 2, 2008
BY
Antonio Perez
PNC Acquires National City on Gov’t Help
PNC Bank on Friday announced that it had acquired struggling National City Corp.
October 27, 2008
BY
Antonio Perez
Credit Rating Agencies Under Fire
Credit rating firms are under fire for supposedly neglecting deep problems in the mortgage industry.
October 22, 2008
BY
Antonio Perez
GM and Chrysler Closing In on Merger Deal?
GM and Chrysler may be close to a merger, according to reports.
October 20, 2008
BY
Antonio Perez
JPMorgan Chase Profits Down, but Still Some Cheer
Profit at JPMorgan Chase, one of the few survivors of the brutal financial crisis, were down by 84 ...
October 15, 2008
BY
Ram Srinivasan
Gold as Inflation Hedge: Fact or Fiction?
The recent stock plunge is leading many investors to commodities such as gold.
October 14, 2008
BY
Heide B. Malhotra
Greenberg Blames Successors for AIG’s Fall
Maurice “Hank” Greenberg, former AIG CEO, pinned the blame on his successors for the company's dramatic fall.
October 8, 2008
BY
Antonio Perez
BofA Reaches $8.4 Billion Settlement With Homeowners
Bank of America on Monday reached an agreement with homeowners and several state attorneys general to reduce up ...
October 7, 2008
BY
Antonio Perez
Back-To-School 2008 A Drag on Retailers
Back to school shopping season left many retailers wishing for more.
October 1, 2008
BY
Heide B. Malhotra
Citi Buys Wachovia Assets
Citigroup Inc. agreed to purchase Wachovia's banking operations and assets in an all stock deal valued at $2.16 ...
September 29, 2008
BY
Antonio Perez
Wachovia In Talks With Suitors
Charlotte-based Wachovia Corp. is currently in talks with several large banks about a takeover bid, according to several ...
September 29, 2008
BY
Antonio Perez
RIM, BlackBerry Enter New Territory
Shares of Research In Motion Limited (RIM), the Canadian maker of BlackBerry smartphones, dropped more than 25 percent ...
September 28, 2008
BY
Antonio Perez
Corporate Reputation and the Bottom Line
Internet heavyweight Google Inc. earned the distinction of being the most respected company in America.
September 28, 2008
BY
Heide B. Malhotra
Morgan Stanley, Goldman Sachs Turns to Commercial Banking
In a stunning turn, the two remaining U.S. securities firms, Morgan Stanley and Goldman Sachs, applied to become ...
September 22, 2008
BY
Antonio Perez
Chinese Counterfeiters Going High-Tech
Seizures by U.S. and Canadian customs agencies revealed that Chinese counterfeit goods have surpassed just luxury items and ...
September 21, 2008
BY
Heide B. Malhotra
Black Monday: Lehman Faces Bankruptcy, Liquidation
Lehman Brothers is in the process of filing for bankruptcy, sources say.
September 14, 2008
BY
Antonio Perez
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