GM whacks 1,100 dealers

General Motors notified 1,100 of its 6,000 dealerships Friday that it is terminating their contracts with the struggling automaker, the first step in cutting […]

AIG payback? Don’t hold your breath

AIG Chief Executive Edward Liddy will appear before a House committee Wednesday to lay out the company’s plan for paying back billions of taxpayer […]

AIG memo may suggest privacy tied to bonus return: report

American International Group Inc appeared to advise staffers in its troubled Financial Products division that, if enough returned bonuses than it was unlikely their […]

AIG may abandon asset sales plan: report

American International Group Inc may scrap a plan to repay a $60 billion U.S. government loan by selling businesses, after failing to find enough […]

Ryanair posts Q3 loss, ups FY outlook to profit

Irish airline Ryanair Monday posted a third-quarter net loss but raised its full-year outlook to a profit from breakeven, due to lower fuel costs, […]

Dodd: No choice on auto bailout

Sen. Chris Dodd said Monday that soaring unemployment amounts to a "game-changer" in the debate over financial aid to the auto industry.
Dodd said on […]

Heated debate over auto bailout

The case for a bailout of U.S. automakers came under sharp scrutiny on Tuesday at a congressional hearing that portrayed the Big Three as […]

Fed Sets Up New Program to Buy Money-Fund Assets

The Federal Reserve will help finance purchases of up to $600 billion in assets from money- market mutual funds roiled by redemptions from investors […]

Bush Urges Quick Action on Financial Rescue Package

President George W. Bush said the administration's $700 billion plan to buy troubled financial assets must be enacted quickly and that failure to act […]

Wall Street Upheaval May Sap Economy, Spurs Rate-Cut Pressure

The Wall Street convulsions that took down two of the largest investment banks in 24 hours threaten to make it harder for consumers and […]