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
Apr 22 Where Can I Find Updates on the U.S. Money Supply? Question: The money supply of the United States is such a key economic indicator, why don’t we get a reading of it on a daily basis? It seems like it would be a lot more valuable gauge of the economy… Continue reading
Apr 21 How Significant Are the Latest Earnings from Wells Fargo? Question: Wells Fargo just announced quarterly financials in very positive position. Do you think this is a really significant event? How should we evaluate the latest numbers? Paul Solman: Your guess is as good as mine, Sheldon. I’ll quote again… Continue reading
Apr 21 Watch Other News: Markets Rise on Geithner Remarks; Suspected Pirate Appears in Court In other news, markets rose following Treasury Secretary Timothy Geithner's statement that the majority of banks are well-capitalized, a Somali teenager appeared in U.S. federal court on charges he helped hijack a U.S. ship, and President Obama left open the… Continue watching
Apr 21 Watch TARP Report Warns of Taxpayer Risk in Bank Rescue Plan The Special Inspector General for TARP said Tuesday that the Treasury Department should do more to safeguard taxpayer dollars in the banking rescue plan. Kwame Holman reports. Continue watching