The Dow Jones industrial average plunged more than 500 points Thursday.
Fiat is preparing to raise its ownership stake in Chrysler from its current 30% to 46%, spending 1.3 billion dollars in order to increase its interest in Chrysler.
Ford’s proxy statement released Friday indicates he earned over $26 million in salary and compensation.
Global stocks surged on signs that U.S. unemployment may fall and reports that Europe’s central bank is closer to containing the region’s financial crisis. Bond prices and the dollar fell as investors moved money into […]
Joining us to talk more about what is being called a historic move by G-M, is CBS Moneywatch Editor and Chief Eric Schorenberg
The Dow Jones industrial average lost 200 points, dipping below 11,000 for the first time in nearly a month.
Sam Stovall, Chief Investment Strategist with Standard and Poors Equity Research Group offers a snapshot of what may be ahead for wall street in this interview with WWJ Newsradio 950′s Pat Sweeting. Stoval later spoke […]
Stocks rose sharply Thursday, one day after the Federal Reserve announced a $600 billion plan to stimulate the economy. The Dow Jones industrial average rose 199.51, or 1.7 percent, to 11,414.82 in afternoon trading, a […]
General Motors is taking steps to be a more attractive to potential private investors. The automaker Thursday announced it is cutting its debt and pension obligations by $11 billion. GM will buy back nearly $3 billion in stock, […]
Stocks turned lower Thursday as investors dug through a raft of earnings reports that painted a mixed picture about the economy. The Dow Jones industrial average fell more than 30 points in midday trading. The […]