| Sirius XM eyes bankruptcy - report
February 10, 2009 at 6:06 pm
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|  Read full story for latest details. |
| Wal-Mart to cut jobs at headquarters
February 10, 2009 at 6:06 pm
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|  Wal-Mart Stores announced Tuesday that it is eliminating as many as 800 positions at its headquarters in an effort to reduce costs. |
| Nike may cut workforce
February 10, 2009 at 5:52 pm
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|  Read full story for latest details. |
| Why the Geithner plan won't work
February 10, 2009 at 5:44 pm
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|  Treasury Secretary Tim Geithner on Tuesday unveiled a four-part bank rescue plan -- and two of those parts will achieve puny results at an epic cost to taxpayers. |
| Geithner: This isn't Paulson's plan
February 10, 2009 at 5:36 pm
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|  Treasury Secretary Tim Geithner defended his financial stabilization plan Tuesday, telling senators it is "fundamentally different" than the one pursued by his predecessor, Henry Paulson. |
| Google's Russian threat
February 10, 2009 at 5:20 pm
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|  Arkady Volozh, CEO of Yandex, Russia's largest online-search company, is playing with a set of nesting dolls (for real!). Instead of the traditional folk decoration, though, these figurines are outfitted with the names of Internet companies doing business in Russia. The first and biggest doll has Yandex emblazoned on its belly in bold red and black letters. A smaller doll bears the Google logo, followed by one representing Rambler, Russia's other homegrown search engine. "We were charitable with these dolls," Volozh says. "If we had been honest, we would have left the second doll blank and made Google third. We're that much bigger than them." |
| Google's Russian threat
February 10, 2009 at 5:18 pm
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|  Arkady Volozh, CEO of Yandex, Russia's largest online-search company, is playing with a set of nesting dolls (for real!). Instead of the traditional folk decoration, though, these figurines are outfitted with the names of Internet companies doing business in Russia. The first and biggest doll has Yandex emblazoned on its belly in bold red and black letters. A smaller doll bears the Google logo, followed by one representing Rambler, Russia's other homegrown search engine. "We were charitable with these dolls," Volozh says. "If we had been honest, we would have left the second doll blank and made Google third. We're that much bigger than them." |
| Bank bailout: What's in the plan
February 10, 2009 at 4:57 pm
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|  The federal government's bank bailout just got a lot more complicated. |
| Geithner's plan falls flat
February 10, 2009 at 3:54 pm
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|  Treasury Secretary Tim Geithner failed Tuesday to persuade Wall Street that he will succeed where his predecessor Henry Paulson failed. |
| Military recruitment surges as jobs disappear
February 10, 2009 at 2:21 pm
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|  Fresh recruits keep pouring into the U.S. military, as concerns about serving in Iraq and Afghanistan are eclipsed by the terrible civilian job market. |
| Stimulus: What's in it for small biz?
February 10, 2009 at 2:19 pm
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|  With sales down and banks reluctant to extend loans without hefty collateral guarantees, many small businesses are strapped for operating capital. Both the House and Senate versions of the economic recovery bill address this pressing issue, but their proposed solutions are wildly different. |
| Bernanke grilled by Congress
February 10, 2009 at 2:14 pm
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|  Federal Reserve chairman Ben Bernanke was questioned by lawmakers from both parties Tuesday about whether the Fed should continue to have as much broad powers over the economy. |
| Wall Street: Thumbs down on bailout
February 10, 2009 at 2:05 pm
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|  Stocks slumped Tuesday afternoon after the Obama administration's overhaul of the bank bailout plan failed to reassure investors unnerved by the ongoing fallout in the financial sector. |
| Job openings fall 35% in 18 months
February 10, 2009 at 1:55 pm
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| Job openings have plummeted and layoffs have accelerated rapidly during a downward trend in employment that continues to spiral, according to a government report released Tuesday. |
| Ticketmaster, Live Nation join forces
February 10, 2009 at 1:32 pm
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|  Live Nation Inc. and Ticketmaster Entertainment Inc. announced plans to merge Tuesday, combining the nation's biggest concert promoter with the largest seller of tickets for live entertainment. |
| Oil eases as economic plans weigh on market
February 10, 2009 at 1:06 pm
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|  Oil prices slipped Tuesday as investors focused on the dour economic outlook, waning global demand for energy and uncertainty regarding the Obama administration's plans to revitalize the economy. |
| Senate OKs stimulus - Now it's deal time
February 10, 2009 at 1:05 pm
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|  An $838 billion economic recovery package cleared the Senate on Tuesday in a 61 to 37 vote. |
| These banks don't need your help
February 10, 2009 at 12:57 pm
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| Bank may be the dirtiest of four-letter words these days. A close second is the acronym TARP. Several top banks have taken billions of dollars in government aid from the Troubled Asset Recovery Program during the past few months but there has been little evidence that they have used the funds to boost lending to consumers and businesses. |
| Treasury prices hold earlier gains
February 10, 2009 at 12:35 pm
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|  Treasury prices remained higher Tuesday as Treasury Secretary Tim Geithner unveiled the Obama administration's plan to shore up confidence in the financial sector. |
| $1 trillion to boost lending
February 10, 2009 at 11:47 am
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|  The Obama administration and the Federal Reserve unveiled Tuesday a $1 trillion program aimed at revitalizing lending to consumers and businesses. |
| Geithner unveils new bank rescue plan
February 10, 2009 at 11:46 am
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|  Treasury Secretary Tim Geithner sketched out the broad strokes of the latest government attempt to stabilize the financial sector Tuesday morning. |
| Bank stocks retreat on Treasury plan
February 10, 2009 at 11:41 am
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|  Bank stocks turned sharply lower Tuesday morning, as investors pored over the Obama administration's plans to fix the ailing industry. |
| Geithner on Financial Stability Plan
February 10, 2009 at 11:33 am
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|  Here are Treasury Secretary Tim Geithner's prepared remarks for his introduction of the Obama administration's Financial Stability Plan, delivered Tuesday: |
| Oil up near $41 ahead of stimulus vote
February 10, 2009 at 10:45 am
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|  Read full story for latest details. |
| Banks shouldn't hurry to pay back TARP
February 10, 2009 at 10:27 am
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| Read full story for latest details. |
| GM cutting 10,000 jobs
February 10, 2009 at 9:29 am
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|  General Motors announced Tuesday it is cutting 10,000 workers, or 14% of its salaried jobs worldwide. A third of those job losses will be in the United States. |
| Farewell to 'for sale by owner'?
February 10, 2009 at 9:01 am
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|  Not long ago, for sale by owner (FSBO) Web sites were heralded as a fresh entrepreneurial wave that was going to upend the staid real estate industry. In 2006 real estate sales "unassisted" by a broker accounted for 20% of sales made, says Steve Murray, editor and owner of Real Trends, a market research firm in Castle Rock, Colo. |
| Dollar up as Obama plans move forward
February 10, 2009 at 8:31 am
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|  The dollar got an early boost against most foreign currencies Tuesday before the Obama administration was set to unveil an overhaul of the financial rescue plan and the Senate appeared ready to pass its economic stimulus bill. |
| Private capital: The bailout wildcard
February 10, 2009 at 7:46 am
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|  Fixing the banks is only the start. |
| $15,000 for homebuyers
February 10, 2009 at 7:10 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. |
| Stocks set to retreat
February 10, 2009 at 7:01 am
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|  U.S. stocks were poised to open lower Tuesday, a big day of activity on two Obama administration economic initiatives, after the president warned that a failure to act could lead to even more serious problems. |
| UBS reports $7 billion loss
February 10, 2009 at 6:28 am
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|  Read full story for latest details. |
| Staying productive after a layoff
February 10, 2009 at 6:11 am
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|  Dear Annie: My company has slashed several thousand jobs in two waves of layoffs, one in December and another about two weeks ago. I manage a department that used to have 41 people in it, and now numbers 28 (not counting me). Thank God I didn't personally have to let anyone go -- my employer's policy is to have HR handle the whole thing -- but we were a fairly tight-knit group, and now I see signs that my staff is demoralized and discouraged. |
| 4 questions for big bank CEOs
February 10, 2009 at 6:07 am
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|  When you take $165 billion from the U.S. government, you better make yourself available when Congress comes calling. |
| Sell stocks or stay put
February 10, 2009 at 6:01 am
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|  Question: I've been sticking with my investments in the hopes that the market will recover, but I'm tired of seeing the value of my portfolio continue to drop. Should I just sell everything, put the proceeds into money-market funds and bonds and wait until we see an upturn before getting back in the market? Or should I hang in there with my present portfolio of stocks and mutual funds? Eric Rosenberg, Little River, South Carolina |
| Open sesame for closed funds
February 10, 2009 at 5:56 am
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|  The dark clouds over the stock market have presented investors with at least one silver lining: A number of mutual funds that were previously closed to new investors have reopened in recent months. | |
All through the summer I thought maybe I was dodging a bullet.
U.S. stocks were poised to open lower Tuesday, a big day of activity on two Obama administration economic inititatives, after the president warned that a failure to act could lead to even more serious problems.
President Barack Obama used his first prime-time news conference to push Congress to approve his administration's economic stimulus plan, saying only the federal government can break the "vicious cycle" now gripping the U.S. economy.
The Obama administration's $827 billion economic stimulus plan moved toward passage in the Senate on Monday as a compromise version of the bill cleared a key procedural hurdle.
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