general business
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submitted by Robby for team staff news 8 weeks 3 days 14 hours 28 minutes ago
Foreclosures, bank failures, layoffs and bailouts may dominate the headlines. But the decisions that will make or break the economy won't be made on Wall Street but on your street, where American consumers contribute 70 cents of every dollar spent in the U.S....
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submitted by Robby for team staff news 5 weeks 6 days 15 hours 28 minutes ago
Alan Greenspan, the former Federal Reserve chairman, told a House panel that the crisis had uncovered a flaw in how the free market system works that had shocked him.
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submitted by Robby for team staff news 5 weeks 6 days 16 hours 28 minutes ago
Former Federal Reserve Chairman Alan Greenspan called today for imposing some of the same sorts of regulations on mortgage securities he resisted when he was in office, acknowledging that the current financial crisis had exposed "a flaw" in his view of how the world and...(more)
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submitted by Robby for team staff news 10 weeks 5 days 8 hours 28 minutes ago
While European and American financial titans have teetered and collapsed, Japan’s giant banking groups have stood relatively unscathed.
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submitted by Robby for team staff news 28 minutes ago
The Carlyle Group said yesterday it will lay off 10 percent of its staff as a worsening economy hinders dealmaking by the District-based private-equity giant. Carlyle, which has about 1,000 full-time employees in 33 offices in 21 countries, said most of the layoffs will come...(more)
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submitted by Robby for team staff news 28 minutes ago
How little laptop is enough? And how few dollars will it cost you? The ultralight laptop has traditionally been a luxury item. But over the past couple of years, sanity has returned to this end of the computing universe: You can pay less for less...(more)
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submitted by Robby for team staff news 1 hour 28 minutes ago
What happened on the day after Thanksgiving at a Long Island Wal-Mart pretty much sums up the wretched pursuit of a deal and a buck that has become the American way. On Black Friday, when stores lure customers before dawn by promising deep discounts on...(more)
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submitted by Robby for team staff news 1 hour 28 minutes ago
An angry Ron Gettelfinger, president of the United Auto Workers, said yesterday that his union was ready to make new concessions despite a landmark cost-cutting labor contract signed just last year, as he urged Congress and the Bush administration to step forward with a multibillion...(more)
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submitted by Robby for team staff news 2 weeks 4 days 19 hours 28 minutes ago
Only one of Wachovia Corp.'s high-level executives will remain among the top brass after the bank is acquired by Wells Fargo & Co., a decision that may reveal a tilt that could factor into future consolidation decisions, analysts say. "The message being sent...
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submitted by Robby for team staff news 6 days 28 minutes ago
The full scope of the housing meltdown isn't clear, and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins, the same events poisoning the...
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submitted by Robby for team staff news 12 weeks 2 days 7 hours 28 minutes ago
The exchange suffered its worst breakdown in eight years as a computer glitch prevented traders from participating in a global rally after the U.S. takeover of Fannie Mae and Freddie Mac.
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submitted by Robby for team staff news 13 weeks 5 days 1 hour 28 minutes ago
When shares of Fannie Mae and Freddie Mac dropped sharply yesterday, it marked a sour end to an otherwise unusually upbeat week for the ailing giants of mortgage finance. Even including yesterday's declines, Fannie Mae's shares rose 37 percent on the week and Freddie Mac's...(more)
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