Navigate: Home Archive: March 2009

Mar 30, 2009, 2:09 PM

Breaking News: The leading plan to fix GM and Chrysler would use bankruptcy filings to purge the companies of their biggest problems, in essence spliting both companies... Read »

Texas’ Factory Activity Still Weak, Outlook Turns Up Slightly

Mar 30, 2009, 2:03 PM

Texas area manufacturing activity continued to recede in March, a report from the Federal Reserve Bank of Dallas said Monday. The bank said its current production... Read »

JP Morgan to Refund Over $4 Million to Credit Card Holders

Mar 30, 2009, 1:46 PM

JPMorgan Chase & Co. agreed under pressure from New York state to stop charging a new $10 monthly fee to credit cardholders and agreed to refund the proceeds... Read »

Buffett’s Investment Banker to Leave Goldman Sachs

Mar 30, 2009, 1:39 PM

Byron Trott, the Chicago-based investment banker who advises billionaire investor Warren Buffett, is leaving Goldman Sachs Group Inc. (GS) after 27 years at the... Read »

What Are Money Managers Thinking?

Mar 30, 2009, 12:56 PM

What are professional money managers thinking these days? A new poll by Russell Investments offers an answer. Among the highlights: • 67% of managers are now bullish... Read »

Home Depot CEO Receives 9.2 Million Total Compensation

Mar 30, 2009, 12:52 PM

Home Depot (HD) CEO Frank Blake received compensation valued at $9.2 million in 2008 – a 20 percent increase from the previous year – as the company’s... Read »

Obama Rejects Automakers’ Plan

Mar 30, 2009, 12:47 PM

After pushing out General Motors’ (GM) CEO Rick Wagoner because of disappointment in his turnaround of GM, today President Obama outlined his latest deal with... Read »

Global Banks May See Their Balance Sheet Shrink by $2 Trillion in 2009

Mar 30, 2009, 12:37 PM

The largest 15 global banks are expected to further shrink their balance sheet by about $2 trillion in 2009 and longer-term return on equity (ROEs) will remain subdued... Read »

NAR: 2008 Second-Home Sales Decline 30%

Mar 30, 2009, 12:19 PM

The combination of vacation- and investment-home sales slipped to 30 percent of all existing- and new-home transactions in 2008, the National Association of Realtors... Read »

Obama Issues Do-Or-Die Ultimatum for Carmakers

Mar 30, 2009, 12:09 PM

Speaking a day after the White House pushed out the chairman of General Motor Corp. (GM), “President Obama announced what amounts to a do-or-die ultimatum... Read »

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