The U.S. Treasury is winding down its auto industry recovery program by selling the last of its stake in Ally Financial.» Read More
Stocks rallied Friday as a more than $3 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.
Stocks ticked higher Friday as a more than $2 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.
Toyota Motor, the world's biggest automaker, posted a smaller-than-expected 28 percent drop in quarterly net profit, dented by a strong yen and slumping U.S. sales, and kept its forecasts unchanged for what is set to be its most challenging year in recent memory.
Stocks advanced Tuesday, building on the prior session's rally, as a drop in oil prices and encouraging outlook from Cisco helped offset disappointment in Freddie Mac's results.
Over the last year of putting together our CNBC documentary, co-workers have asked me time and again about my favorite moments. When you watch "Saving GM" tonight, you will see some of them. But here are my top 3.
With minutes to go before the close, the Dow is up over 300 led by AIG, Boeing, and P&G.
The board of directors at General Motors remains supportive of Chief Executive Rick Wagoner, despite the company's recent, unexpected $15.5 billion loss, the Wall Street Journal reported Tuesday.
A plan proposed by oilman Boone Pickens to use natural gas to power US automobiles is generating debate. Some doubt the feasibility of the plan, The New York Times reports.
GM Vice Chairman Bob Lutz invited me to watch him test the E-Flex system behind the new Chevy Volt. Given the enthusiasm surrounding the Volt, I jumped at the opportunity. Would E-Flex deliver on the promise that's been built up surrounding GM's electric car? The answer: Yes.
Oil briefly fell below $120 a barrel Monday before recovering slightly at the close, pressured by evidence of rising OPEC output in the midst of declining demand in the United States and Europe.
Stocks were lackluster Monday despite a massive move downward for oil, as worries persisted over inflation and the nation's beaten-up housing and mortgage markets.
Natural gas has many virutes, but recent proposals to encourage demand could boost prices for consumers and petroleum-dependent industries.
As of this morning, 377 (just over 75%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
After almost 10 years of covering General Motors, including the last year going behind the scenes for our upcoming documentary "Saving GM", I often hear the same question time and again. Where is chairman and CEO Rick Wagoner taking this company?
Stocks opened modestly lower as economic indicators showed continuing inflation pressures and worries persisted over the state of the financial sector.
The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building.
Asian markets fell Monday as a rebound in oil prices to above $126 revived inflation concerns at a time when major economies such as the U.S. and Japan are already seen headed for tough times. Japan lost 1.2% while South Korea fell almost 2%.
Chrysler's finance arm said Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.
The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.
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