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Stocks General Motors Co

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    The S&P tumbled on Monday largely due to concerns about the major automakers.

  • Team Obama fired GM CEO Rick Wagoner Sunday afternoon, just a short time after Treasury man Tim Geithner told the television talk shows that some banks will need large amounts of new TARP-money government assistance — even though the bankers don’t want it. Does this smack of big-time government planning and industrial policy? Another lurch to the left for economic policy?

  • Stocks fell sharply Monday as investors worries about the potential for bankruptcies in the auto sector and that some big banks are going to need a lot more bailout money.

  • General Motors Headquarters

    The White House's auto task force thinks that GM's latest offers to bond holders and auto workers will leave the company with too much debt and want the terms reduced even further, CNBC has learned.

  • There was a selloff today, but it was on very light volume. Not surprisingly, bank stocks, which have collectively rallied 50 percent in the last three weeks, were down about 10 percent as a group. ... We are definitely heading toward some kind of denouement, and that can only be a good thing..

  • Cramer talks speculation as a way to play this ailing auto.

  • Stocks fell sharply Monday as recovery plans from General Motors and Chrysler were rejected by the Obama administration’s autos task force, spurring fears of bankruptcies in the sector.

  • Just because you lost your job or your home doesn't mean you have to spend your days wrapped in a gin-soaked Snuggie watching Oprah. One company is offering a contest to help you turn your recession woes into a dream vacation.

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    President Barack Obama seized the wheel of the failing U.S. auto industry on Monday, forcing out GM chief executive, Rick Wagoner.

  • GM Dealership

    President Obama asserted unprecedented government control over the auto industry, rejecting turnaround plans from GM and Chrysler and raising the prospect of controlled bankruptcy.

  • GM auto dealership with sign.

    A look at the Obama administration's plan for General Motors and Chrysler:

  • Would it be better for taxpayers if GM went into bankruptcy? That's what some are saying on Wall Street this morning.

  • Stocks fell sharply Monday as recovery plans from General Motors and Chrysler were rejected by the Obama administration’s autos task force, spurring fears of bankruptcies in the sector.

  • General Motors Chairman and Chief Executive Rick Wagoner.

    Wagoner's resignation comes as the company awaits president Barack Obama's reports on efforts to save GM and Chrysler.

  • So, is it time for the retracement to begin? The S&P 500 has rallied from 666 March 6th to about 830, a gain of almost 25 percent. That is quite a rally, but most of the Street believes it is a bear market rally.

  • US stock index futures indicated a sharply lower open Monday as recovery plans from General Motors and Chrysler were rejected by the Obama administration’s autos task force.

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    As word spreads about Rick Wagoner's resignation from GM, and Obama's autos task force rejecting the turnaround plans of both GM and Chrysler and warning bankruptcy, the auto industry enters its next phase of retooling.

  • Stocks capped a relatively good week with a thud Friday as investors locked in profits.

  • General Motors Headquarters

    An offer from GM is a "first shot, a starting point" for negotiations, said a GM bondholder told CNBC, but "there’s great disparity between the bondholders versus labor."

  • Stocks fell sharply Friday, led by bank and technology issues, as investors locked in profits after a two-day winning streak.