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Heads up: CEOs of General Motors, Ford say companies not looking at ... Found: 10 Hours 16 Minutes ago Kansas City Star - General Motors and Ford Motor Co. both made statements Friday that they were not looking at bankruptcy. Ford CEO Alan Mulally said the company had enough cash, and GM put out a statement saying that bankruptcy would not be in the interests of our employees, stockholders, suppliers or customers, and we believe speculation about a possible filing is exaggerated and unconstructive. Ford shares closed at $1.99, down 9 cents, and GM shares closed at $4.89, up 13 cents.
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Federal Reserve slashes interest rates in an effort to prop up ... Found: 19 Hours 40 Minutes ago The Journal-World - The Federal Reserve and six other major central banks from around the world slashed interest rates Wednesday in an attempt to prevent a mushrooming financial crisis from becoming a global economic meltdown....
Citigroup ends bid for Wachovia, but pledges court action Found: 21 Hours 30 Minutes ago Kansas City Star - Citigroup backed out of negotiations with federal regulators and Wells Fargo in its battle for Wachovia Corp., but vowed Thursday to have its day in court.
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Rate cuts don't quell turmoil in market Found: 23 Hours 10 Minutes ago Wichita Eagle - For the second consecutive day, the Federal Reserve took action in hopes ......
Gov't bailouts common, but effectiveness debatable Found: 2 Weeks 5 Days 23 Hours 50 Minutes ago Kansas City Star - The stock market plummets, investors pull out money and loans dry up, triggering global financial turmoil. Enter the government, buying up bad mortgages and other problem assets.
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Fed to use $85B loan to save ailing insurer Found: 3 Weeks 2 Days 11 Hours 29 Minutes ago The Hutchinson News - NEW YORK - The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance ......
What big bank will be the next to change names? Found: 3 Weeks 2 Days 17 Hours 10 Minutes ago Kansas City Star - As the carnage continues on Wall Street, about the only certainty is that the changes aren't over. But which big name will transform next: Washington Mutual, Morgan Stanley or Goldman Sachs?
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Stock market snaps back from early slide Found: 4 Weeks 1 Day 14 Hours 3 Minutes ago Kansas City Star - Stocks made a sizable comeback Thursday as investors snapped up some of the financial sector's stronger players and pumped money into the materials and transportation sectors.
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