Apr 24 How Does the Downturn Affect Urban Renewal? By Business Desk Editor’s Note: As Barack Obama’s presidency reaches the 100-day mark, the NewsHour is examining how the president’s policies and the economic crisis are affecting one city – St. Louis, where Obama will mark the milestone April 29. Paul’s segment on… Continue reading
Apr 24 Ford’s $1.4 Billion Loss in First Quarter Better Than Expected By PBS News Hour Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help. Continue reading
Apr 23 Watch Obama Calls for Reform of Credit Card Practices President Barack Obama put his support Thursday behind a credit card law that will regulate the sudden rate increases and late fees that cause financial trouble for millions of consumers. A financial reporter mulls the state of U.S. credit and… Continue watching
Apr 23 Watch Other News: Jobless Claims Rise, Bombings Strike Iraq In other news, the Labor Department reported more than 6 million Americans are now on jobless benefits and at least 78 people died in two separate suicide bombings in Iraq. Continue watching
Apr 23 Watch GM to Idle Plants as Auto Industry Faces Tough Choices GM will close several plants for up to 10 weeks to help clear its inventory backlog. Analysts and local leaders mull the impact of the move and the industry's path forward. Continue watching
Apr 23 General Motors to Idle Plants for up to 10 Weeks By Admin, PBS News Hour General Motors said Thursday it will idle most of its U.S. plants for up to 10 weeks this summer, trimming some 190,000 vehicles from planned production. The shutdowns will help control high inventories and bring production in line with slower… Continue reading
Apr 23 If GM Is Restructured, What Happens to Shareholders? Question: If General Motors is “restructured” (either through the bankruptcy courts or outside the bankruptcy courts), will the shareholders lose all of the stocks they currently own? Or, as long as GM is a viable company traded on the… Continue reading
Apr 23 Watch Faces Behind the Unemployment Lines Essayist Anne Taylor Fleming examines the sense of shame and anger that many who have lost their jobs feel as unemployment lines continue to grow. Continue watching
Apr 22 Watch TARP Inspector Probes Bailout Fraud, Warns of Program’s Pitfalls Neil Barofsky, the special inspector general assigned to monitor the banking bailout, discusses his office's ongoing investigations into potential fraud in the TARP program and recent warnings on taxpayer risk. Continue watching
Apr 22 Watch Other News: IMF Warns on Health of Global Economy In other news, the International Monetary Fund warned that the world economy will lose ground this year for the first time in nearly six decades, and the acting chief financial officer of mortgage giant Freddie Mac was found dead in… Continue watching