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Internet Ad Revenue Falls 5% In First Quarter

Posted: 06/05/2009 - The decline in the first quarter of 2009 represents the first year-over-year decline in seven years as the recession takes its toll even on the hardiest of ad sectors.

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Oil Prices Spike Above $70

Posted: 06/05/2009 - Oil prices are spiking above $70 per barrel for the first time since October.

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Chrysler, Supporters Argue Sale To Fiat Is Fair

Posted: 06/04/2009 - Chrysler, its union and others are objecting to an attempt by a group of Indiana pension funds to block the sale of Chrysler to Italian automaker Fiat.

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Judge: Chrysler Has Good Case For Franchise Cuts

Posted: 06/04/2009 - The judge overseeing Chrysler's bankruptcy case says the automaker has a good case for the termination of 789 of its dealer franchises as part of its ongoing restructuring.

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Bernanke: Crisis Shows Need For More Research

Posted: 06/04/2009 - Federal Reserve Chairman Ben Bernanke says the global financial crisis highlights the need for economists to deepen their understanding of how events on Wall Street can affect the broader economy.

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Chrysler, Dealers Face-Off In Court

Posted: 06/04/2009 - Chrysler wants a bankruptcy judge to allow it to terminate the franchise agreements of 789 of its dealers, but the dealers argue that they employ thousands of workers and don't cost the automaker anything.

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Worse-Than-Expected Economic Data Thwarts Rally

Posted: 06/03/2009 - The problem with rising expectations is that it gets tougher to beat them. Investors have broken the stock market's four-day rally Wednesday after U.S. data on the services industry and factory orders came in below forecasts.

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AP Source: GM Studying More Temporary Shutdowns

Posted: 06/03/2009 - A person briefed on General Motors Corp.'s production plans says the automaker is considering temporarily closing more factories this summer to keep inventory levels down as it tries to emerge from bankruptcy protection.

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GM, Chrysler Defend Slashing Dealerships

Posted: 06/03/2009 - Top executives from General Motors and Chrysler are defending their decision to slash dealerships around the country despite many hardships.

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AP Source: AIG Agrees To Sell 2 NYC Buildings

Posted: 06/03/2009 - A person familiar with the matter says the embattled insurer American International Group Inc. is selling its headquarters building in New York and a nearby building in a deal expected to close at the end of this summer.

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Bernanke: Start Work Now To Curb Budget Deficit

Posted: 06/03/2009 - Federal Reserve Chairman Ben Bernanke says the forceful government intervention to fight the financial crisis and lift the U.S. out of recession was "necessary and appropriate" even though it worsened the nation's budget deficit.

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Stocks Open Lower

Posted: 06/03/2009 - Wall Street has opened lower as worries about the labor market and the overall health of the economy mount.

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