Robert H. Benmosche, who restored AIG to health after taxpayers rescued it with a $182 billion bailout, died Friday, The New York Times reported.» Read More
Is the alternative energy boom long gone? It seems the environment for ethanol stocks is gloomier than ever. In 2005, the U.S. government ordered a mandate under the Energy Policy Act, requiring gasoline producers to quadruple the use of renewable fuel, in this case ethanol by 2022. The 2008 minimum mandate of 9 billion gallons of ethanol will significantly grow to 36 billion gallons of use by 2022. With such high growth expectations, why are these stocks so depressed?
Growing hopes of a federal bailout for the auto industry and increased action by world governments to stem the global recession pushed stock index futures higher Monday.
As we wait to see what Barack does in the new year, what can you do today to position your investment strategy for an Obama Administration? Here are some ideas.
Sheila Bair got it right. Bernanke, Paulson and the NY Fed Prez have largely been wrong. Here's why she should be allowed to stay.
Barack Obama has sworn to tackle economic issues head on. But what exactly does that mean, and can you trade it?
Stocks overcame an array of dismal economic reports and rode hopes that the market may have achieved at least a temporary bottom to close higher Wednesday.
We need a Financial Intelligence Agency to do the work the SEC's Christopher Cox and Fed Chairman Ben Bernanke should have.
At his news conference this morning, where he introduced New Mexico Gov. Bill Richardson as Commerce-secretary designate, President-elect Obama refused to play his hand on the Detroit/GM bailout story. That tells me he’s aware that the country is getting fed up with the thought of bailout nation.
The stock market was far off its morning lows, coming close to turning positive, as investors shook off a handful of weak economic reports and snapped up biotech shares and other defensive plays.
Senate Democrats were working Tuesday to put together legislation making it possible for Senator Hillary Rodham Clinton to become secretary of state despite a constitutional clause that some critics argue should bar her from joining the cabinet.
Stocks were set to give back some of their sharp gains from Tuesday's session but were off their morning lows after data showed a sharp increase in mortgage applications last week.
Now that's change we can believe in.
President-elect Barack Obama named New Mexico Gov. Bill Richardson as his choice for Commerce Secretary Wednesday.
President-elect Obama pledged quick work on an economic recovery plan to include tax cuts and increased federal spending.
Individual states across the country are being hit by the recession and credit crisis. President-elect Barack Obama, Vice President-elect Joe Biden and other prominent political figures address the challenges facing individual states, as well as the country.
The Big Three will become two, Detroit will need more help from the government, SUVs will enjoy a modest rebound and electric cars will fire up the industry.
Cramer tells you which infrastructure stocks are worth owning.
Recent government intervention has helped boost the stock market, but more will need to be done both domestically and around the world, said Mohamed El-Erian, co-CEO of bond titan Pimco.
Kobe Bryant and the Los Angeles Lakers rise again, Brett Favre stays in the game, the Olympic Committee makes a stunning move and more pro sports teams than ever go up for sale.
After watching the dysfunctional, bickering Congress and a Bush Administration that looks out of gas, there are finally legitimate reasons for optimism coming from Washington—and when was the last time you heard that?