Jul 14 Goldman Sachs Reports Quarterly Profits of $3.4B By PBS News Hour Just a month after paying back $10 billion in government bailout funds, Goldman Sachs reported impressive second-quarter earnings Tuesday, comfortably surpassing analysts' expectations. Continue reading
Jul 13 Watch Global Recession Impacts Dairy Prices, Farmers Amid the economic slowdown, the dairy industry is being hit with high costs and lower profits, forcing many farmers to make tough decisions. NewsHour special correspondent Jeffrey Kaye looks at how some California farmers are responding to depressed global demand. Continue watching
Jul 13 Watch Other News: Markets Rise, Obama Resumes Push for Health Care Reform In other news, the Dow Jones industrial average made significant gains after an analyst expressed optimism for the banking industry, and President Obama warned Congress not to delay or block passage of comprehensive health care reform. Continue watching
Jul 13 Simon Johnson on Whether Wall Street Has Changed By Business Desk Paul Solman: MIT’s Simon Johnson, former chief economist at the IMF, is a frequent contributor to the NewsHour and this page. He’s also coauthor of a blog… Continue reading
Jul 13 Is California Printing Its Own Money? Question: Is California printing its own money? Paul Solman: Funny you should ask. The State of California Franchise Tax Board website currently features this statement: “We will accept registered warrants…towards the payment of tax liabilities.” State taxes, of… Continue reading
Jul 10 Watch Other News: Markets Drop, Health Reform Meets Delays In other news, the Dow Jones Industrial Average lost more than 36 points to close at 8146, and the push to overhaul the health care system ran into new delays in Congress. Continue watching
Jul 10 Watch Post-Bankruptcy, GM CEO Pledges New Course After the announcement that General Motors Corp. had completed its 40-day stay under bankruptcy protection, CEO Fritz Henderson speaks to Judy Woodruff about the company's goals for remaking the struggling auto maker. Continue watching
Jul 10 Timeline: Big Three Automakers' Recent Troubles By PBS News Hour Review some of the key developments and coverage of the auto industry's troubles over the past year in this timeline. Continue reading
Jul 10 Staying Positive in a Down Job Market Yesterday, we posted the latest segment from Paul’s Making Sen$e series. In it, he spoke to two very distinct groups — laid-off white collar executives and ex-cons looking for work — and was struck by what he heard from… Continue reading
Jul 10 GM Emerges From Bankruptcy Protection Facing Tough Car Market By PBS News Hour General Motors Corp. CEO Fritz Henderson announced Friday that the company emerged from bankruptcy and now begins the task of remaking the struggling American carmaker that was once the world's largest and most powerful. Continue reading