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 26 Home Prices Dip, but Market Signals Improvement By Admin, PBS News Hour While the U.S. housing market continues to suffer from a slide, new statistics released Tuesday show some evidence that the situation is improving as reluctant buyers return to the market to snatch up bargains. Continue reading
Aug 20 Watch Wall Street’s Role in the U.S. Mortgage Crisis Examined As part of an ongoing series of conversations on recent U.S. economic woes, Paul Muolo co-author of "Chain of Blame: How Wall Street Caused The Mortgage and Credit Crisis" discusses his investiation into Wall Street's connection to the current housing… Continue watching
Aug 05 The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it? Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The "experts" all seem to be on the side of the status quo, but maybe this is contributing… Continue reading
Jul 24 Ford Reports $8.7 Billion Second-Quarter Loss By PBS News Hour The Ford Motor Co. on Thursday posted a second-quarter loss of $8.7 billion, due mostly to the declining value of its SUV and pickup truck lines, and announced a plan to overhaul its North American production to focus on small… Continue reading
Jul 22 Wachovia Posts Surprising $8.9 Billion Loss By Admin, PBS News Hour Banking giant Wachovia Corp. reported a nearly $9 billion second-quarter loss Tuesday, surprising Wall Street analysts who had expected a smaller drop. The company plans to cut 6,350 jobs and slash dividends to offset the losses. Continue reading
Jul 03 Watch Economy Burdened by Job Losses, Slipping Sales, Oil Costs The Labor Department announced the sixth consecutive month of job cuts Thursday as employers cut 62,000 workers, further fueling U.S. economic concerns. Analysts examine the news. Continue watching
Jun 26 Watch Wall Street Jitters, Fuel Costs Spread Economic Woes The Dow Jones dropped Thursday to its lowest point since September 2006, due to economic woes and soaring oil prices across the country. A chief investment officer examines the impact of the bleak news on the national economy. Continue watching
Jun 19 More than 400 Arrested in Mortgage Fraud Sting By Admin, PBS News Hour More than 400 real estate industry workers have been indicted since March in a Justice Department crackdown on incidents of mortgage fraud nationwide -- a key contributing factor to the country's housing crisis. Continue reading
Jun 16 Watch Lehman Reports $3 Billion in Losses Due to Bad Mortgage Investments Lehman Brothers chief Richard Fuld took responsibility Monday for a staggering $3 billion in losses in the second quarter, saying the company was too slow to react to the unfolding credit and mortgage crisis. Roben Farzad of BusinessWeek magazine outlines… Continue watching