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The Takeaway

bad sign for carmakers

Wednesday, October 22, 2008

Financier Kirk Kerkorian is selling his stake in Ford Motor Co. — another piece of dismal news for the faltering auto industry. Could there be another federal bailout, this time for U.S. carmakers?

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The Takeaway

Detroit carmakers talk about potential mergers

Monday, October 13, 2008

Rumors of General Motors–Chrysler merger talks have industry analysts baffled. The two struggling automakers — the nation’s largest and third-largest — share common problems, and it’s unclear how coming together could help either of them.

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The Takeaway

As General Motors Corp. stock tanks, can the company survive this economy?

Friday, October 10, 2008

The stock price of General Motors Corp. stock took a nosedive Thursday as the company faced the threat of a credit rating downgrade and forecasts for abysmal sales. With credit locked down and consumers likely to avoid major purchases for some time to come, it’s not clear how GM and other automakers will hang on.

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The Takeaway

The Dow falls below 9,000 and world markets have another bad day

Friday, October 10, 2008

Thursday was an abysmal day on Wall Street, despite continued efforts by the Federal Reserve Board, the U.S. Treasury Department and central banks around the world to calm panicky investors. Heading into the three-day weekend, world markets are falling fast. Can anything be done to stabilize the situation?

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The Takeaway

Congress grills Lehman chief on financial crisis

Tuesday, October 07, 2008

At the first hearing into the causes of the financial crisis, the House Oversight and Governmental Reform Committee grilled Dick Fuld, the chief executive of Lehman Brothers, about millions in bonuses paid to the firm’s executives even as the company appealed to the federal government for a bailout to save it from bankruptcy.

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The Takeaway

How the Wall Street meltdown could slow charitable giving

Tuesday, September 23, 2008

Fall is the planning and giving season for individuals and corporations to the non-profit and foundations worlds. How much will the Wall Street meltdown erode donations and the social safety net?

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The Takeaway

"Shifting Careers" blogger offers tips for tough economy as job options shrink

Friday, September 19, 2008

In the last two weeks Wall Street has taken a serious beating. Not only is the economy up for grabs, but jobs are too, especially for anyone working in the financial sector. For those who have already gotten their pink slip, or fear it’s en route, The Takeaway offers tips from Marci Alboher, who writes the New York Times' "Shifting Careers" blog. She’s been culling advice for financial professionals who are — or will be — pounding the pavement.

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The Takeaway

Who's next to fall on Wall Street?

Thursday, September 18, 2008

Wall Street wasn't prepared for the recent falls of huge financial institutions: Freddie Mac, Fannie Mae, Lehman Brothers, Merrill Lynch, AIG. Who's next?

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The Takeaway

Did the SEC cause the Wall Street bailout frenzy?

Wednesday, September 17, 2008

As the Shakespearean drama on Wall Street continues — with the chorus asking what (or who?) could be next — The Takeaway looks at the role of the Securities and Exchange Commission in setting the stage for the recent troubles.

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The Takeaway

Former Secretary of Labor Robert Reich on the Wall Street meltdown

Tuesday, September 16, 2008

The Takeaway talks to former Secretary of Labor Robert Reich about what's next for Wall Street and the Federal Reserve Board, and how Wall Street woes could affect the presidential campaigns.

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The Takeaway

GM puts financial hopes in much-hyped electric hybrid car, The Chevy Volt

Tuesday, September 16, 2008

In General Motors Corp.'s 100th anniversary year, the company has been shedding jobs, closing plants and desperately trying to sell increasingly unpopular Hummers, SUVs and other gas guzzlers. Today, on its official birthday, GM says it will roll out 'the future' in the form of its much-hyped electric hybrid car, The Chevy Volt. In order to survive as a company, analysts say the struggling auto giant must build The Volt and successfully market it. Can they pull it off?

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The Takeaway

Stock markets mixed on Lehman news

Wednesday, September 10, 2008

U.S. stock futures are eating into overnight gains this morning after an update from Lehman Brothers Holdings failed to allay worries about the future of the firm.

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The Takeaway

Lehman Brothers posts $3.9B loss

Wednesday, September 10, 2008

In a report released this morning, Lehman Brothers has posted losses of 3.9 billion dollars for the third quarter. Shares of Lehman Brothers have fallen to the lowest level in more than a decade, as investors worry that the firm is running out of options to raise capital.

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The Takeaway

Lehman Brothers stock tumbles, roiling the markets

Wednesday, September 10, 2008

Shares of Lehman Brothers, the nation’s fourth-largest securities firm, have plummeted to the lowest level in a decade. Its upcoming third quarter earnings announcement is expected to reveal record losses. The firm is also reported to be selling its prized investment management business.

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The Takeaway

The Sweet Side of Bankruptcy: The other Fannie May — the Chicago-based confectioner — has had its own ups and downs

Tuesday, September 09, 2008

The mortgage giant Fannie Mae is in the spotlight this week, but there is another Fannie May that has had its own share of business woes: The Chicago-based confectioner Fannie May. We go down the company’s rocky road with David Greising. He’s the chief business correspondent for The Chicago Tribune.

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The Takeaway

Gold Fever

Friday, September 05, 2008

The lust that once lured prospectors to California is today drawing countless thousands to remote tropical rainforests on a quest for gold. It’s a valuable source of income in developing nations. But Smithsonian scientist William Laurance says the thirst for gold and other metals is fueled by both illegal and legal trade that carries heavy social, environmental and public health costs.

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The Takeaway

Watching for hurricanes, with an eye on oil prices

Wednesday, September 03, 2008

Oil refineries and rigs along the Gulf Coast escaped the major damage that followed Hurricane Katrina, and oil prices dropped to a five-month low. But Kevin Kerr, MarketWatch contributor and editor of the trading newsletter Global Commodities Alert, reminds us that this is just the start of a busy hurricane season. He says we’ll feel the effects of Gustav: the hurricane has caused evacuations and power outages, and that means oil production slowdowns well into next week.

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The Takeaway

A fast-food moratorium raises questions of freedom and fries

Wednesday, August 13, 2008

In a section of Los Angeles, the city council has put a moratorium on new fast food restaurants. The measure is intended to promote healthier lifestyles in a working-class area where obesity is a concern. New York has required calorie labels at chain restaurants to combat obesity — where do government responsibility and personal responsibility intersect?

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The Takeaway

The "Redeem Team" brings two hopes: gold, and new markets for the NBA

Tuesday, August 12, 2008

Guest: Mitch Lawrence, NBA columnist for the New York Daily

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The Takeaway

Shoppers and grocery stores both buying locally

Wednesday, August 06, 2008

Look for new placards at your grocery store that say "local." More stores are catching on to food that's made close to home. In part, it's because of high oil prices, which make it harder to transport food, but it's also due to the curiosity of Americans who want to know where their food comes from. It's doesn't matter why: Local farmers know a boon when they see it.

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