Dec 04 Watch Auto Execs Make Bailout Case to Skeptical Lawmakers Executives of Detroit's Big Three auto companies appeared before the Senate Banking Committee Thursday to renew their much-debated request for billions in federal aid. Judy Woodruff reports on the hearing. Continue watching
Dec 03 Watch Ford CEO Promises Shift to Smaller Cars, Greater Efficiency if Industry Survives By the week's end, lawmakers will review business plans submitted Tuesday by Detroit's Big Three. Ford CEO Alan Mulally explains his auto company's proposal to avoid bankruptcy. Continue watching
Dec 02 Why Didn’t Bankruptcy Work For Lehman Brothers? Question/Comment: Dear Mr Solman, Many of the “experts” I hear on PBS and NPR think that bankruptcy would be a workable solution for the auto companies. I agree,… Continue reading
Nov 21 Watch Michigan Autoworkers Face Uncertain Future Prospects for extending a federal rescue package to Detroit's Big Three automakers remain unclear after a congressional effort stalled until December. Paul Solman speaks with autoworkers about how the crisis is affecting them. Continue watching
Oct 28 Watch White House Considers Extending Bailout to Auto Industry Deepening financial crisis among the nation's biggest auto makers prompted talks to allow corporations to apply for aid under the $700 billion bailout plan. Reporters and analysts weigh the controversy around the access to money for Detroit's Chrysler, G.M. and… Continue watching
Oct 10 Watch Global Credit Crunch Takes Toll on State Economies Wall Street's credit freeze sparked a global economic crisis and forced U.S. cities and states to tighten their budgets. Elizabeth Brackett reports from Illinois about the state's financial woes then Chris Hoene of the National League of Cities explains the… Continue watching
Sep 09 Watch United Airlines Tallies Damage From False Stock Report A 2002 news article about United Airlines filing for bankruptcy protection resurfaced erroneously on trading screens Monday -- and the company's shares quickly plummeted as a result. Business reporter Frank Ahrens of the Washington Post examines the mishap. Continue watching
Aug 14 Watch Elderly Face Soaring Prices Amid Economic Slump Among Americans hit hard by the country's economic downturn are senior citizens, who are struggling to pay energy and food bills and reeling from cuts to community services due to budget constraints. Tom Bearden reports from Denver. Continue watching
Mar 24 Watch JP Morgan Raises Bear Stearns Buyout Bid Amid stockholder discontent, JP Morgan Chase raised its bid to buy investment bank Bear Stearns Monday from $2 a share to $10 a share. A New York Times financial reporter helps explain the buyout. Continue watching
Jan 11 Bank of America to Buy Mortgage Lender for $4B By PBS News Hour Bank of America Corp. said Friday that it has agreed to pay $4 billion in stock for Countrywide Financial -- rescuing the battered lender that has come to represent the excesses of the subprime mortgage market. Continue reading