The cost to wind down GM is topping $950 million which is $949 million more than it should if the government had let it fail.
Rising unemployment and shaky consumer confidence are weighing on prospects for a recovery meanwhile falling productivity and rock solid cynicism are growing like wild fire.
The Dow Jones Industrial Average is up 29% from the 12-year low hit on March 9: welcome to the new bubble.
Wal-Mart is endorsing the idea of requiring large companies to provide health insurance so say your final goodbyes to every mom and pop store.
China’s economic recovery is on more solid ground unfortunately the ground keeps shifting under America unless you’re a central banker.
Gannett plans to eliminate more than 1,000 jobs but no need to call Extra, Extra because you can read all about it on Twitter.
A Fed Bank President says US benchmark lending rates could stay near zero for a couple of years welcome to the US of Japan 2009.
Oshkosh will provide US military mine-resistant trucks for use in Afghanistan now only if war would disappear so we’d only need Oshkosh overalls.
AIG’s CEO says the company’s repaying the federal government…like a degenerate gambler paying back a mob boss one black and blue at a time.
The FDIC is expected to propose new guidelines for private investors seeking to buy failed banks just like a drug dealer updating rules for junkies.
Morgan Stanley and a Japanese bank have outlined details of a previously announced joint venture: offering futures on sushi.
The SEC reportedly conducted at least 5 inquires into Bernie Madoff’s activities over 16 years making the SEC the Jacques Clouseau of financial detectives.
Tourists aboard the Star Ferry in Hong Kong are treated to two sights: the city’s famed skyline and demonstrators which Americans think are part of the Chinese Welcome Wagon.
A new report claims spending on information technology and services will plunge 10.6% in US dollars but hey the currency’s worthless so like Mad Magazine’s Alfred E. Newman: What? Me Worry?
Only three venture-backed companies went public in the year’s first half but more than three government-backed ventures will go private in the year’s last half so pull on your jackboots, learn Italian, and study Mussolini.