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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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Money Matters

Updated: 06/03/2009 - Part time jobs to make cash and what they earn

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Ford's May Sales Fall 24 Percent

Posted: 06/02/2009 - Ford Motor Co. says its sales fell 24% in May from a year ago, but sales rose 20% from April as the automaker continues to gain market share from its U.S. competitors now under bankruptcy protection.

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Pending Home Sales Rise 6.7 Percent In April

Posted: 06/02/2009 - Pending U.S. home sales in April posted the biggest monthly jump in nearly eight years, a sign that home sales are finally coming to life after a long and painful slump.

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GM Bankruptcy Raises Questions

Posted: 06/02/2009 - The government ownership of a majority of General Motors raises new questions about capitalism, politics and the economy.

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