The former Vice Chair of GM, who holds a leadership role with VL Automotive, is teaming up with Wanxiang Group, a Chinese auto parts supplier, in a bid to buy the ailing Fisker.
With stocks at new highs, one strategist pointed out that even if equities went into a "bear market"—which he's not predicting—they'd still be higher than last year's June lows.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.
As EU regulators mull introducing the world's strictest bonus cap, the president of the European parliament told CNBC that the plan could put pressure on the U.S. to follow suit.
Microsoft unveiled its long-anticipated next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
College administrators better take a hard look at what they're offering students if they hope to weather a coming online storm, says a former Secretary of Education.
Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move jurisdictions to lighten their tax burden.
The Bank of Japan ended a two-day meeting on Wednesday with a decision to leave monetary policy unchanged and a promise to monitor volatile bond markets.