Environment
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Venezuela will seize several gold mining concessions that previous governments granted private operators, in a bid to supplement falling oil prices with proceeds from state-controlled gold, President Hugo Chavez said Saturday.
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The Bush Administration's plan to use TARP funding to aid the auto industry and Treasury Secretary Paulson’s decision to seek the remaining $350 billion generated more confusion and concern.
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For a while there, it really looked like high oil prices would solve the problem of climate change. People were driving less and buying cars with better gas mileage, companies were investing in alternatives
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The Bush Administration's plan to use TARP funding to aid the auto industry and Treasury Secretary Paulson’s decision to seek the remaining $350 billion generated more confusion and concern.
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The second half of the $700 billion Wall Street bailout fund is likely to go toward foreclosure relief—and possibly economic stimulus.
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President-elect Barack Obama is laying the groundwork for a giant economic stimulus package, possibly $850 billion over two years, in his first test of legislative give and take with Congress.
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The US housing market may be primed for a long-awaited recovery but will still need further help from government rescue measures.
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A Chinese-made electric car, backed by Warren Buffett, has been officially introduced to the retail market in that country. The plug-in was scheduled to be sold in the U.S. and Europe starting in 2010, but Reuters quotes BYD Chairman Wang Chuan Fu as telling reporters those plans have been delayed one year to 2011.
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If even one of the Big Three goes bankrupt, many of the already struggling auto suppliers will fail, said Wilbur Ross, WL Ross & Co. chairman & CEO of the company.
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Chrysler is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.
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Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.
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Oil markets should brace for a surprise decision on output cuts when OPEC meets Dec. 17, the cartel's president said Saturday, suggesting that reductions could be deeper than expected.
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The economic downturn has decimated the market for recycled materials like cardboard, plastic, newspaper and metals.
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First off, how much more carbon intensive is it to buy food from the next continent over rather than the next county? Not all that much. In a Reason article called “The Food Miles Mistake,” Ronald Bailey lays out some of the facts about carbon emissions caused by the production and transportation of food.
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Looking to save cash and the environment at the same time? This site is for you.
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Oil prices are expected to stay around $50 a barrel through next year, but that may not give much of a boost to consumer spending, the economy or stocks.
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This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.
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The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.
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Not everyone can afford solar panels on the roof. Here's a pair of easy things you can do to lower the monthly bill.
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Sales of many high-end luxury cars are bucking the trend of plummeting car sales, and their makers and industry watchers at the Los Angeles Auto Show this week are confident that they will weather the industry downturn just fine.