VW is not alone in promoting a corporate culture of cheating. Here's how the industry needs to change, Daron Gifford.» Read More
Three days left until the Baby New Year. But will 2009 really bring a new beginning?
The Dow slid on Monday after Kuwait pulled out of a joint venture with Dow Chemical due to the deepening global recession, threatening Dow's planned takeover of Rohm & Haas.
Stocks ended lower as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
The financing arm of General Motors remained silent Monday on whether it had raised enough capital to become a bank-holding company and eligible for access to billions in federal bailout money.
With the auto companies on their holiday breaks, this is always a week when I think about the year ahead for the auto industry. In past years, some of the predictions I've made to myself have come true, while many more were so off the mark it was kind of funny. So: What will happen in '09?
Many comparisons have been made between the current economic climate and the Depression era. With the Dow and S&P poised to have their worst yearly performances since 1931, here's a look at what happened in the years that followed.
The Dow climbed along with oil prices, while General Motors rose after its financing arm qualified for government funds, helping it stave off potential bankruptcy...
Stocks finished higher Friday on a day when Wall Street looked like a ghost town, but the week ended without a visit from a much-anticipated Santa Claus rally.
Stocks edged higher at the open as Wall Street looked for a boost from a Christmas gift for GMAC and some heavy holiday activity at selected retailers.
GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors and Cerberus Capital Management.
Stock index futures pointed to a low-volume rally pushed by the approval of General Motors' financing arm to become a bank holding company.
When I called folks I know in the various auto companies to wish them a Merry Christmas, I heard the same thing over and over. I'm thankful to still be working and I'm wondering how much worse things will get next year.
General Motors may have its lifeline from the federal government, but another crucial vote is looming that will affect its ability to provide car loans to customers, the New York Times reports.
It's time to have some fun. Here's my top 10 list of what the New York Yankees could buy with the $423.5 million they paid for C.C. Sabathia, A.J. Burnett and Mark Teixeira. Please note, it's not all of these.
I'm not a car expert. I'm a driving expert. I drive 25,000 miles a year, and I've driven everything. I know what works and what doesn't, and I avoid buying American. Get mad at me all you want, but I speak from experience, and millions of other drivers in the Car Capital of America (California) agree with me.
With all those financial mergers, it's time for those companies who merged to come out of the S&P 500, and new companies to come in.
Cramer is outraged. This morning, a piece at the Wall Street Journal lauded Cerberus, the private-equity firm that owns Chrysler and even called it a hero. "Excuse me?" questions Cramer querulously. In his mind, Cerberus is hardly a hero and definitely doesn't deserve praise for "risking" its capital in buying Chrysler last year -- especially now that the troubled car manufacturer is seeking government bailout money.
Stocks ended lower Tuesday, as a quick mood booster from an upbeat consumer sentiment reading wore off, and the drag of GM and financials set in.
Friday's bailout may have saved GM (and by association, Ford) but investors are trading these stocks as if they are headed for bankruptcy. That's because when it's all said and done, GM will have to re-structure itself as if it were in bankruptcy.
Stocks advanced Tuesday as the market mood got a boost from an improvement in consumer sentiment.