| Obama scolds Wall St. executives over bonuses
January 29, 2009 at 9:54 pm
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| Read full story for latest details. |
| NYC: 23,000 city jobs in danger of being cut
January 29, 2009 at 9:41 pm
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| Read full story for latest details. |
| Grand jury indicts Marc Dreier for fraud
January 29, 2009 at 7:17 pm
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|  Read full story for latest details. |
| Amazon tops estimates, shares surge
January 29, 2009 at 6:41 pm
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|  Amazon Inc. reported Thursday fourth-quarter earnings and revenue that beat Wall Street expectations despite a difficult environment for retail sales. |
| 'Buy American' - Sparks fly
January 29, 2009 at 6:05 pm
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|  A debate is brewing at home and abroad over an economic stimulus measure that would require materials used in the program's infrastructure projects to be purchased from American companies. |
| Clearing the air on California emissions
January 29, 2009 at 5:47 pm
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|  There was controversy earlier this week when President Obama decided to review California's request to tighten emissions standards - a move that may force a crippled auto industry to build cars that get better gas mileage. |
| Has the U.S. lost its passion for green?
January 29, 2009 at 4:44 pm
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| Although topic A at Davos is the financial meltdown, a few brave souls took it upon themselves to grapple with the still existing - and for the last few months largely ignored - problem of global warming. |
| Mortgage rates slide in sour housing market
January 29, 2009 at 4:37 pm
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|  Mortgage rates fell over the past week, benefiting from the Federal Reserve's pledge to take all necessary action to stimulate the economy. |
| Don't forget those toxic assets
January 29, 2009 at 4:02 pm
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| It is hard to ignore the reality that the banking crisis is experiencing another significant flare-up. Headlines are becoming scary again, with questions now raised about the future of institutions (see Bank of America) that had been somewhat shielded from the brunt of the initial storm that broke out last September. |
| Oil falls as housing market totters
January 29, 2009 at 2:49 pm
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|  Oil prices sank Thursday as a sour housing market sent signals that demand would continue to remain low as the economic crisis rolls on. |
| Government debt prices slide
January 29, 2009 at 2:46 pm
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|  Treasury prices fell Thursday as the government continues to auction record amounts of debt and as investors consider whether or not the Fed will eventually buy longer dated securities. |
| Recession woes deck stocks
January 29, 2009 at 1:45 pm
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|  Stocks tumbled Thursday afternoon as more dire news on earnings, housing and employment refocused investors after a multi-session rally on optimism about the plans to stabilize the economy. |
| The Fed hangs on to its last bullet
January 29, 2009 at 1:40 pm
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|  Should the Federal Reserve start buying up long-term Treasury bonds? |
| Oil prices fall to $41.80 a barrel
January 29, 2009 at 1:25 pm
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|  Read full story for latest details. |
| Dollar mixed against rivals
January 29, 2009 at 1:19 pm
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|  The U.S. dollar was mixed against rival currencies Thursday as investors responded to dour economic reports and bet on additional interest rate cuts in Europe. |
| At Davos, an upside-down world
January 29, 2009 at 1:04 pm
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|  At last year's gathering of the world's elite at this Alpine ski resort, the tone was one of unbridled optimism. CEOs, government leaders and heads of NGOs had the luxury to discuss the rapid growth in new technologies, innovation in the financial industry (oops), and ways to combat hunger, disease and global warming. This year's World Economic Forum conjures a radically different zeitgeist. |
| Uncle Sam wants you to buy a car
January 29, 2009 at 12:42 pm
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|  With auto sales at crisis levels, Washington is trying to figure out how to get Americans buying cars again. |
| Russians to U.S.: Give us the Fed
January 29, 2009 at 12:41 pm
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| The Russians are upset that the U.S. dollar is the world's principal reserve currency, and this week in Davos they have been putting forward suggestions for how to fix the issue. First came Prime Minister Vladimir Putin, who called in a speech on Wednesday for efforts to "facilitate the emergence of several reserve currencies." |
| Banks working to prevent foreclosures
January 29, 2009 at 12:24 pm
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|  In a sign that banks are stepping up their efforts to combat foreclosures, lenders intervened to help prevent 239,000 foreclosures last month, according to a report released Thursday. |
| Corporate bonds heat up
January 29, 2009 at 12:00 pm
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| An appetite for risk has returned to the fixed income market, where investors are beginning to spurn safe, low-yielding treasuries to buy corporate bonds instead. Corporations sold $70 billion worth of debt in the first half of January, according to Bloomberg data, hitting a pace not seen since May. |
| New home sales plunge to lowest on record
January 29, 2009 at 11:45 am
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|  Sales of newly constructed homes plunged in December to the lowest level on record, going back to 1963, according to a government report released Thursday. |
| 'My online store gets just one sale a month!'
January 29, 2009 at 11:18 am
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|  Dear CNNMoney.com: I have owned and operated a retail storefront for the past three years. I recently launched an online e-commerce Web site. I have paid an SEO guy each month and have aggressively marketed the site, but I'm only getting one sale a month. I am losing faith in all of the work, time and effort that has been put in. Do you have any suggestions on how to jumpstart the e-commerce portion of my business? |
| Xstrata plunges on $5.9B new share offering
January 29, 2009 at 11:15 am
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|  Read full story for latest details. |
| Geithner's redemption
January 29, 2009 at 11:10 am
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|  Tim Geithner's tax problems have made for an interesting sideshow. But the real question about our new Treasury secretary isn't his foolishness (or sloppiness) in failing to pay some of his taxes until after President Obama's folks knocked on his door. It's whether he'll have the juice - and moral standing - to fill his most important role: reassuring the public and the financial markets that someone in charge in Washington knows what he's doing. |
| Saving a city - one house at a time
January 29, 2009 at 10:56 am
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|  Suffering from one of the highest foreclosure rates in the nation, Rhode Island is getting nearly $20 million from Washington to rehabilitate neighborhoods most affected by the mortgage meltdown. |
| Cisco goes - what else? - green
January 29, 2009 at 10:07 am
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|  Silicon Valley powerhouse Cisco became the latest tech company to jump on the green bandwagon this week, with the announcement Tuesday of its new EnergyWise technology. Simply put, EnergyWise is a free update to IOS, the operating system for the company's ubiquitous Catalyst switches, that enables customers to monitor and regulate energy consumption of any device connected to the network. |
| Colgate profit beats expectations
January 29, 2009 at 9:53 am
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|  Read full story for latest details. |
| Keep your nest egg safe from Uncle Sam
January 29, 2009 at 9:12 am
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|  Mark Vilrokx, 37, and Carine Beysen, 35, ought to ace retirement. The San Mateo, Calif. couple have great jobs - he's a manager at Oracle, she's a research director for a biotech company - and they earn a combined $210,000 a year. They have no mortgage, no student loans, no car loans, no credit-card debt. They're also diligent savers who put away a hefty chunk of their income every year for retirement. |
| Europe warns U.S. over 'Buy America'
January 29, 2009 at 8:56 am
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|  Read full story for latest details. |
| Durable orders fall for 5th month
January 29, 2009 at 8:52 am
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|  Read full story for latest details. |
| Eli Lilly profits fall
January 29, 2009 at 8:51 am
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|  Read full story for latest details. |
| Stocks set to pull back
January 29, 2009 at 8:48 am
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|  U.S. stock futures fell Thursday, as more job cuts, as well as negative government reports on the job market and the manufacturing industry, took the wind out of the three-day rally. |
| Ford reports $5.9 billion loss
January 29, 2009 at 8:43 am
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|  Ford Motor reported that its ongoing losses soared in the fourth quarter, but the company reiterated it still does not need the federal bailout already received by its two U.S. rivals. |
| Jobless claims rise for 3rd straight week
January 29, 2009 at 8:39 am
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|  The number of jobless American workers moving to collect their first unemployment checks rose for the third consecutive week, to 588,000, according to a government report released Thursday. |
| Bailing out the states: How it will work
January 29, 2009 at 8:25 am
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|  Struggling with gaping budget deficits, states are eagerly awaiting the hundreds of billions of dollars coming their way from Capitol Hill. |
| Kodak to cut up to 3,000 more jobs
January 29, 2009 at 8:02 am
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|  Photo products maker Eastman Kodak said Thursday that it will cut 2,000 to 3,000 more jobs in 2009, bringing to 3,500 to 4,500 the number of positions it will eliminate this year. |
| Sony, Nintendo give dim forecast
January 29, 2009 at 7:44 am
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|  Read full story for latest details. |
| Homebuyers get a bonus in the stimulus bill
January 29, 2009 at 7:38 am
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|  If you're thinking of buying a home, there could be a big bonus for you in the economic stimulus bill that's now before Congress. |
| Euro zone sentiment hits record low
January 29, 2009 at 6:26 am
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| Read full story for latest details. |
| How to fire right
January 29, 2009 at 5:54 am
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|  Unlike many of his management consulting peers, Tom Peters deems across-the-board staff cuts "dumb" and multiple rounds of layoffs counterproductive. |
| What boards must do in the crisis
January 29, 2009 at 5:49 am
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|  With major companies battered by recession, the spotlight is on boards of directors to take more active roles in response to the crisis. But what should their priorities be? Fortune senior editor at large Geoff Colvin talked to two top consultants: management expert Ram Charan, whose latest book is Leadership in the Era of Economic Uncertainty, and Tom Neff, chairman of Spencer Stuart U.S., the executive-search firm. Key excerpts: |
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Read full story for latest details.
The Obama administration is trying to fix the bank bailout process. But they have their work cut out for them.
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