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GM Shares Fall Below $1 As Deadline Approaches

Posted: 05/29/2009 - Shares of General Motors Corp. have fallen below $1 for the first time in 76 years as a Chapter 11 bankruptcy filing for the automaker appears increasingly likely.

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UAW Members Likely To Approve GM Concessions

Posted: 05/29/2009 - Workers at six General Motors Corp. factories have voted overwhelmingly to approve contract concessions and local union leaders say the deal appears headed for ratification.

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Stocks Mixed After GDP Drop Gets Trimmed

Posted: 05/29/2009 - Stocks are mixed after the government said the economy shrank in the first quarter at a slower pace than initially estimated.

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Chrysler Heads Back To Bankruptcy Court Today

Posted: 05/29/2009 - It'll take at least one more day for a judge to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the company to Italy's Fiat Group SpA.

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Crash Diet: GM Getting In Shape For Chapter 11

Posted: 05/29/2009 - With General Motors expected to file for bankruptcy protection as early as Monday, the company is trying to secure whatever cost concessions it can beforehand.

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Mortgage Delinquencies Hit Record High

Posted: 05/28/2009 - An industry report shows that a record 12% of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit.

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April New Home Sales Rise 0.3 Percent

Posted: 05/28/2009 - The government says new U.S. home sales were almost flat last month, indicating that the housing market's recovery will likely be a slow and gradual process.

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GM Says Bondholders Support Sweetened Offer

Posted: 05/28/2009 - General Motors Corp. says a committee of bondholders has agreed to a sweetened deal to erase some of the automaker's debt in exchange for company stock.

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Initial Jobless Claims Drop Unexpectedly

Posted: 05/28/2009 - The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.

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GM Says Bondholder Offer Fails

Posted: 05/27/2009 - A General Motors bankruptcy filing appears inevitable now that a rebellion by bondholders forced it to withdraw a plan to swap bond debt for company stock.

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Money Matters

Posted: 05/27/2009 - Five steps to improve your credit score if you have had credit problems in the past.

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April Existing Home Sales Rise By 2.9 Percent

Updated: 05/27/2009 - A real estate group says sales of previously occupied homes rose modestly from March to April as buyers swooped in to take advantage of prices that were 15.4% below year-ago levels.

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GM Says Bondholder Offer Fails; Bankruptcy Closer

Posted: 05/27/2009 - General Motors Corp. says not enough of its bondholders agreed to swap their debt for company stock, meaning the troubled automaker is almost certainly headed for bankruptcy protection.

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Consumer Confidence Soars In May

Posted: 05/26/2009 - A private research group says consumer confidence in May soared to the highest level since last September amid tentative signs that the economy is improving.

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