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Montana Governor Blasts GM Plan To Cancel Mine Contract

Updated: 07/10/2009 - Montana Gov. Brian Schweitzer is asking the Obama administration to force General Motors Corp. to honor its contract with a platinum mine instead of buying the precious metal from overseas.

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Stocks Falter As Earnings Jitters Increase

Posted: 07/10/2009 - The Dow Jones industrial average is down 75 to 8,107. The Standard & Poor's 500 index is down 8 to 874, while the Nasdaq composite index is down 8 to 1,744.

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DOT Grants Antitrust Immunity To Continental

Posted: 07/10/2009 - The Transportation Department is giving Continental Airlines immunity from antitrust laws to work closely with other airlines on international service.

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Geithner Says Derivatives Blind-Sided The Government

Updated: 07/10/2009 - Treasury Secretary Timothy Geithner say the enormous scale of the financial derivatives market helped to cripple the economy and that greater oversight is needed to make sure it doesn't happen again.

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AIG Said To Be Asking Gov't To Pre-Approve Bonuses

Posted: 07/10/2009 - American International Group is reportedly asking the federal government to OK the insurer's plan to resume paying millions in promised retention incentives next week.

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May Trade Deficits Dip More Than Expected To $26 Billion

Posted: 07/10/2009 - The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.

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GM Emerges From Bankruptcy

Updated: 07/10/2009 - General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one.

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Alcoa Results, Better Jobless Data Lift Stocks

Posted: 07/09/2009 - Investors are cautiously moving back into stocks after being reassured by better earnings from Alcoa Inc. and a decline in claims for jobless benefits.

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New Jobless Claims Dip To Lowest Since January

Posted: 07/09/2009 - The number of newly laid-off workers filing initial claims for jobless benefits last week fell to the lowest level since early January. The decline was due in part to changes in the timing of auto industry layoffs.

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May Wholesale Inventories Fall

Posted: 07/09/2009 - Wholesale inventories fell for a ninth consecutive month in May as businesses struggle to trim stockpiles amid the longest recession since World War II.

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Stocks Mixed In Early Trading

Posted: 07/09/2009 - Stocks are mixed in early trading, with investors reassured by Alcoa Inc.'s earnings and some good news on the labor front.

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Top Media Execs Wonder How Twitter Will Make Money

Posted: 07/08/2009 - Major media executives are impressed with Twitter's growing popularity as a communications tool. They just can't figure out how the online messaging service is going to make money.

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Treasury Set To Unveil Managers For Toxic Asset Plan

Posted: 07/08/2009 - Two industry officials say the Treasury Department will announce the names of up to 10 fund investment firms participating in a government plan to wipe troubled assets from banks' books this week.

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6 Arrested In Wall Street Fraud Case

Posted: 07/08/2009 - Federal authorities say six people have been arrested in a securities fraud investigation involving a Wall Street brokerage firm.

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Money Matters

Updated: 07/08/2009 - There are a lot of people looking for jobs and that means polishing up the old resume. But Liz Ryan of Yahoo! and Hot Jobs warns things have changed over the years.

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