Meltdown trips up aspiring investment bankers

The path to a high-powered career in investment banking suddenly is full of roadblocks for MBA students who have seen Wall Street drastically reshaped while they sit in the classroom.

Ford expects another tough year in 2009

Ford's CEO Alan Mulally doesn't expect the automotive sector to improve in the year ahead, according to a report in The Wall Street Journal.

Bernanke: Calming financial markets 'essential'

Fed Chairman Ben Bernanke has given Congress a grim assessment of the state of the economy, saying business growth hinges on stabilizing the troubled financial markets.

30-year deregulation era dies a sudden death

The 30-year era of deregulation came to a sudden and surprising end on Sept. 16.

Fed pumps $70 billion into financial system

Urgently trying to keep cash flowing amid a Wall Street meltdown, the Federal Reserve on Tuesday pumped another $70 billion into the U.S. financial system to help ease credit stresses.

Best- and worst-case economic scenarios

Will the 13-month-old credit crunch get even worse and drag down the entire global economy? Or are punch-drunk Americans due for some good news for a change?

Wholesale prices plunge 0.9 percent

Wholesale inflation plunged in August by the largest amount in nearly two years, reflecting a steep drop in gasoline and other energy products.

Economy shifted to higher gear in the spring

The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.

FDIC may borrow money from Treasury: report

Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, according to a report.

Employers embracing 401(k)s more than ever

Corporate America may have turned its back on traditional pensions but it appears to be embracing 401(k)s more than ever.

Pickens rips Yahoo management, dumps shares

Billionaire investor T. Boone Pickens has sold all of his holdings in Yahoo Inc. in a pique over the way the Internet company's management handled sales talks with Microsoft Corp.

Americans not as down about the economy

Amid the gloom of higher gas and food prices and a slumping housing market, Americans appear to be looking for a bit of hope.

The most valuable teams in NASCAR

There's a widening gulf in NASCAR between stock car racing's biggest, most valuable teams and those hoping to hang on for just one more race.

Credit crisis halting commercial construction

Large and small commercial developments nationwide have been delayed or scrapped as lenders tighten credit standards on construction loans.

General Electric's profit fell in second quarter

Industrial conglomerate General Electric says its profit fell 6 percent in the second quarter, as discontinued operations and loss provisions weighed on results.

GM boss says it won't file for bankruptcy

The chief executive of General Motors Corp. dismissed speculation that the largest U.S. automaker might soon seek bankruptcy protection.

Fed may extend emergency Wall Street loans

The Fed is considering giving Wall Street firms more time to draw emergency loans directly from the central bank to help them overcome credit problems, Ben Bernanke said Tuesday.

Bernanke and Fed try to avoid that '70s show

Mark Twain once said that "history doesn't repeat itself, but it does rhyme." That's worth thinking about when comparing the current economy to the woes of the 1970s.

High court overturns Exxon Valdez ruling

The Supreme Court Wednesday overturned the $2.5 billion in punitive damages that Exxon Mobil Corp. was to have paid for the 1989 Exxon Valdez oil spill off Alaska.

Why now is a good time to buy a car

Consumers have curtailed spending because of high gas prices and the struggling economy. But the cost of a new car is lower than it has been in years.

Floods create economic catastrophe in Midwest

The floods that submerged the Midwest this month could turn out to be the region's biggest economic disaster in decades, with ramifications that will be felt by consumers across the country.

Fed auctions $75 billion to ease credit stress

The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems.

GM comments set Hummer dealers on edge

As if gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, dealers are now reeling from GM comments about selling the brand.

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