Automaker General Motors said on Tuesday it would book a $39 billion non-cash charge in the third quarter related to deferred tax assets in the United States, Canada and Germany. GMAC Loses $1.6 Billion
It's been less than a week since the Federal Reserve hinted it was done lowering interest rates. Yet Wall Street is already clamoring for yet another cut.
Billionaire investor George Soros forecast on Monday that the U.S. economy is "on the verge of a very serious economic correction" after decades of overspending.
This year's best-performing stocks have the best-looking balance sheets, punctuating investors' diminished appetite for risk-taking in the wake of the credit and housing-market turmoil.
Upscale U.S. home builder Hovnanian Enterprises said Tuesday fourth-quarter net contracts and home deliveries fell, while cancellations rose amid the housing market's decline.
"Bullitt" was a hit cop drama movie in 1968, with two super stars in the cast: Steve McQueen and a hotter than hot Ford Mustang featured in what was then one of the most exciting cars chases ever filmed (by the way, the car McQueen was chasing was a Dodge Charger)
I’ll admit right at the top here that what I’m about to do is cheesy, but honestly, I just can’t resist. A little over a year ago, mid-September 2006, there was a little blurb in the Washington Post about the then-president of the National Association of Realtors, Tom Stevens, not being able to sell his Virginia home.
Citigroup, which faces rising losses from the global credit crisis, said it provided $7.6 billion of financing to off-balance sheet investment funds that have had trouble funding themselves recently.
Most mutual funds have managed to steer clear of the subprime mortgage mess, but some with heavy stakes in riskier and shorter-term bonds, asset-backed securities or sizable holdings of value stocks have particularly paid the price.
Rising oil prices have not stopped consumers from going to the mall. Retailer Guess is enjoying a 15% surge in their stock price. The clothing company reported better than expected revenue.
The Nasdaq Stock Market has agreed to acquire the Philadelphia Stock Exchange for $500 million to $600 million, CNBC has learned. Certain reports hint that the price for the Philadelphia equity options market could be even higher.
