Archive for October, 2009
GE, Verizon and Wal-Mart: Scary stocks
Halloween is finally here. But many investors have been getting more treats than tricks for nearly eight months now.
Are ‘too big to fail’ powers just too big?
As Congress starts debating how to deal with financial firms deemed “too big too fail,” some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector.
9 banks in major holding company fail
Nine subsidiaries of FBOP Corp., a multistate holding company that included California National Bank of Los Angeles, succumbed Friday to the nationwide banking crisis, bringing to 115 the number of banks closed by regulators so far this year.
Carl Icahn lends CIT a hand
Small business lender CIT Group got a hand Friday from a most unlikely source: a billionaire activist investor who has spent the past month trying to foil the company’s restructuring plans.
Stimulus creates 640,000 jobs
The largest stimulus program in the nation’s history has created or saved just over 640,000 jobs, the Obama administration said Friday.
Stimulus jobs: 5 questions, 5 answers
The Obama administration said Friday that stimulus has created or saved 640,000 jobs so far.
Stocks take a big slide
Stocks tumbled Friday, more than erasing the previous session’s gains, as investors dumped a variety of shares at the end of a rough week and choppy month on Wall Street.
The holdout: Alone in an abandoned car plant
Most people assume the Packard Plant in Detroit is vacant. It’s an industrial ruin where the last car was manufactured 53 years ago.
Dollar firms as stocks tumble
Read full story for latest details.
Facebook spammer ordered to pay $711 million
A California judge awarded Facebook $711 million in damages against spammer Sanford Wallace for bombarding the Web site with junk messages.
