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As a sign of how difficult the markets are, a number of large companies hit 52-week lows, with a number…
According to Reuters, the House will vote on the bailout bill today. Reuters reports that JP Morgan (JPM) will not…
General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year. Car sales fell…
Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year…
Detroit is getting its $25 billion in loan guarantees from the federal government. Ford (F), GM (GM), and Chrysler did…
The financial system is looking for a form of what theologians call "universal salvation". What began as a simple piece…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments.…
General Motors (GM) said on Friday that it will draw down $3.5 billion on the $4.5 billion line of credit…
If you look at the auto stocks today, you might deduce that they are next in line for the government…
After years of speculation, Porsche has become the controlling shareholder in VW. The news seems counterintuitive because VW is by…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for…
The market staged an improbable rally. After selling off over 500 points yesterday and opening down over 100 points today,…
The premise for Detroit going to Washington for $50 billion in loan guarantees is that the auto industry needs cheap…
According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss…
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for…
Our top personal finance-related articles today. Your wallet will thank you later.