21
votes
submitted by riverdrops 34 months ago, from finance.yahoo.com
The White House says neither General Motors nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit that would dramatically reshape the nation's auto industry. Barack Obama and his top advisers have determined that neither company is viable... More
15
votes
submitted by riverdrops 35 months ago, from finance.yahoo.com
Orders to U.S. factories for big-ticket manufactured goods unexpectedly rose in February after a record six straight declines. The Commerce Department said Wednesday that orders for durable goods -- manufactured products expected to last at least three years -- increased 3.4 percent last month... More
15
votes
submitted by rodeox 35 months ago, from finance.yahoo.com
To a nation reeling from recession and facing long-festering problems, President Barack Obama has a simple reminder: "We are not quitters." Whatever the problems, the new president promised in the first prime-time speech of his term, "We will rebuild, we will recover and the United States of... More
14
votes
submitted by rodeox 36 months ago, from finance.yahoo.com
Billions of dollars in government loans to prop up General Motors and Chrysler won't be enough. The companies, which have received $17.4 billion so far, filed plans with the government more than doubling that request to a staggering total of $39 billion. More
14
votes
submitted by agabriel 37 months ago, from finance.yahoo.com
House Democrats are circulating an $825 billion economic stimulus measure that emphasizes health care, education and highway construction as well as tax cuts for individuals and businesses. A summary of the measure shows spending totaling roughly $550 billion and tax cuts of $275 billion... More
16
votes
submitted by grandie4 37 months ago, from finance.yahoo.com
President-elect Barack Obama implored Congress to "act boldly and act now" on Thursday to fix an economy growing perilously weaker, and leading lawmakers set an informal goal of mid-February for enacting tax cuts and government spending that could cost as much as $1 trillion. More
14
votes
submitted by grandie4 37 months ago, from finance.yahoo.com
There's holiday joy and post-holiday blues, but for the nation's retailers it's all been one big downer. The holiday shopping season was one of the most dismal in years and even the after-Christmas period, when consumers normally rush to stores to use gift cards and seize on big sales, isn't... More
19
votes
submitted by agabriel 38 months ago, from finance.yahoo.com
The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, the White House said Thursday as carmakers readied more plant closings and a half million Americans filed new jobless claims. More
19
votes
submitted by agabriel 38 months ago, from finance.yahoo.com
New claims for jobless benefits rose more than expected last week, exceeding even gloomy expectations for an economy stuck in a recession that seems to be deepening. The Labor Department reported Thursday that initial applications for jobless benefits in the week ending Dec. 6 rose to a seasonally.. More
21
votes
submitted by riverdrops 38 months ago, from finance.yahoo.com
A stock market gaining in confidence shot higher for a second straight session Monday as investors bet that President-elect Barack Obama's plans to increase spending on public works projects will help lift the economy back to health. The major market indexes jumped more than 3 percent, and the Dow.. More
16
votes
submitted by agabriel 41 months ago, from finance.yahoo.com
Home price declines are already approaching those in the Great Depression, when they plunged 30% during the 1930s. With prices already down almost 20%, it's not a stretch to think we might exceed that drop this time around. More
2
votes
submitted by Geeta 40 months ago, from finance.yahoo.com
Now that we have a bill passed, I'd like Paulson and Congress to act on reforms that not only regulate the wild west of credit default swaps and other Wall Street "innovations," but address the ongoing assault of American consumers by the nation's financial services companies. A few suggestions: More
