General Motors reported a relatively small loss for the second half of 2009 – $4.3 billion. Next steps include repaying Treasury loans by June and eventually returning to shareholder ownership.
Four books offer insight into the 2008 financial crisis that shook the US economy.
Apple acts like a producer. GM acts like a looter. It’s a key distinction that Ayn Rand laid out in ‘Atlas Shrugged.’
The $1.5 billion federal aid package will be distributed to housing agencies in California, Nevada, Florida, Michigan, and Arizona – the states hardest hit by the housing crisis – to help keep struggling homeowners in their houses.
A decline in mortgage delinquencies is promising, says the Mortgage Bankers Association. But real estate troubles continue.
In his account of managing America's financial crisis, former Treasury Secretary Henry Paulson recounts shock, disappointment, and own shortcomings. What lessons does 'On the Brink' hold?
Bank of America and then-CEO Ken Lewis misled investors about the risks of acquiring Merrill Lynch, alleges a civil suit filed Thursday by New York's attorney general. The bank and the SEC, meanwhile, offer a $150 million settlement for investors over the Merrill Lynch episode.