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Lehman Brothers filed for bankruptcy on Sunday to become the largest casualty of the global crisis, while Bank of America adds another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal. Following are today's top videos:
Top economists discuss the fate of Lehman Brothers and how the company's outcome will affect the stock market while the CEO of Ford restructures his company—focusing on improving fuel mileage and efficiency. Plus, Hurricane Ike is expected to strike the southern US coast early on Saturday, bringing a massive storm surge that could prove fatal for those who have not left the area. Following are today's top videos:
Today marks the seventh year since the September 11 terrorist attacks—the Nymex and the White House obeserve a moment of silence to remember when the first plane hit the World Trade Center. Research in Motion's CEO talks about the company's new Blackberry—Bold. Following are today's top videos:
Lehman Brothers reported a record $3.93 billion quarterly loss, while top economists debated over the GSE takeover of Fannie Mae and Freddie Mac. Following are today's top videos:
Lehman's shares plunge as much as 43 percent of its value while Steve Jobs introduces a new line of colorful and extra-thin Apple iPods. Following are today's top videos:
John McCain becomes the official Republican presidential nominee while strategists tell investors to take advantage of the gloomy economy by buying the market. Following are today's top videos:
"There is no bull market!" declares Bill Gross while GOP vice-presidential nominee Sarah Palin's powerful speech at the Republican National Convention on Wednesday night impresses Republicans and many swing voters. Following are today's top videos:
Three years after Hurricane Katrina, New Orleans' deputy chief of Army Corps of Engineers comments on how the city is preparing for future storms. Plus, ClimateMaster introduces a device that uses geothermal power. Following are today's top videos:
SEC Chairman Christopher Cox talks about Fannie Mae and Freddie Mac's stock movements while Sin City's gambling industry faces an economic earthquake. Following are today's top videos:
Dick Bove, analyst at Landenburg Thalmann gives Lehman Brothers a "buy" rating and the Heinz CEO talks about his company's strong earnings. Following are today's top videos:
The "bond kings" gather to comment on the credit crunch while the CEO of BorgWarner says his company has come up with a technology that improves fuel efficiency and lowers emissions for automobiles. Following are today's top videos:
Bond experts discuss the Fed's rate decision and an analyst feels optimistic about Cisco's earnings numbers. Following are today's top videos:
Today on CNBC, Merrill Lynch CEO John Thain gave an exclusive interview, and the chairman of Rosen Real Estate Securities claimed that economic recession has only just begun. What follows are today's top videos:
A new groundbreaking research that could potentially lead to cure Alzheimer's disease and on how Chesapeake's CEO hopes to move Americans away from "expensive imported oil" to natural gas. Following are today's top videos:
Oil price reaches its lowest level since mid-May and the S&P's chairman comments on the record drop in the home price index. Following are the day's top videos:
Pimco's Bill Gross made comments on the housing market, and Facebook's CEO explained his firm's new site design.
See what Beijing is doing to tackle its air pollution problems and listen to a CEO's comments on New York's real estate business. Following are today's top videos:
Surprise! Cramer agrees with Bill Poole's predictions involving Freddie's and Sallie's insolvency, but thought it imprudent the way he spoke of it to the public, "pulling the carpet" out from under them and hindering their ability to recapitalize. Cramer's opinion: put Freddie + Sallie under the fold of federal governance -- end their existence as private equities and make them over them into government agencies.
Cramer focuses on alternative energy in today's Stop Trading segment with Erin Burnett, with nothing but praise for T. Boone Pickens, after the billionaire (who made his fortune in oil) strongly pushed today for increased utilization of renewable energy sources -- natural gas, wind and solar.
The recent market slide has many investors worried about their 401k. Barry Glassman, Senior Vice President of Cassady & Company and Scott Revare, CEO of Smart401K.com, joined Erin Burnett on "Street Signs" with their suggestions on what to do.