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- General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than previous quarters and a sign that the auto giant is starting to turn around.
If and when Congress gets around to passing a bill to overhaul the health care system, the price tag will be in the hundreds of billions of dollars. Where is all that money going to go?
Our story last week on the failure of the government's mortgage relief efforts drew a flood of mail from homeowners facing default and foreclosure. The Answer Desk, by John W. Schoen.
The budget mess in California has readers in that state wondering: So just where does my tax money go, anyway? Unraveling that question helps explain why the Golden State's financial problem has so far defied a solution.
American International Group Inc. managed to lose $62 billion in just 92 days. That's nearly $470,000 a minute. And it's more money than Bill Gates' net worth.
A trillion here, a trillion there. The pile of cash the government is throwing at bailouts is starting to add up. More than one reader would like to know: Are we ever going to see that money again?
As Congress and the White House have been working to calm financial markets and minimize damage to the economy, officials in statehouses around the country have been coping with their own gathering storm. The rapidly deteriorating economy has blown gaping holes in many state budgets that can’t be closed by borrowing money.
It can scale mountains in a single bound and wend its way down the most wretched roads. It is the mighty cell phone signal — and the latest hope for bringing financial services to the world's masses who don't have access to banks.
With two of the three presidential candidates proposing a gasoline tax “holiday,” some readers are wondering: Why can’t the government do more to cut gas prices?
What could you do with Exxon Mobil's $40.6 billion profit for 2007?
Netflix Inc. delivered its 1 billionth DVD over the weekend, marking another milestone in the Internet rental service's evolution from a peculiar dot-com to a marquee attraction in millions of homes.
Alex Ostrovsky got more than he bargained for when downloading Coldplay's "Speed of Sound" from the iTunes Music Store.
JPMorgan Chase Reports Strong Profit of $3.6 BillionA year after accepting a bailout from Washington, a resurgent JPMorgan Chase reported another round of surprisingly strong profits on Wednesday, strengthening its position at the pinnacle of American finance.
Firefox passes billion milestoneThe open-source browser Firefox passed its billionth download on Friday, ahead of the release of its fourth iteration. The milestone includes downloads of all versions of the web software since its first release in 2004.
Why Isn't The Stimulus Stimulating? - Forbes.comIt's no secret that the Obama administration is deeply troubled by the continuing rise in unemployment. The national unemployment rate has risen to 9.4% from 7.2% in December and 5.5% in May 2008.
12 Trillion Dollar American Express Bill - Administration SaysThe WSJ's editors made me chuckle with the quote at the article's end. The Administration has said it's time to take action in reducing America's "$12 trillion American Express bill."
Banks Rush to Repay U.S. Funds, but Cling To Other LifelinesSix months after Washington rescued Wall Street, exasperated banks insist they want to leave the lifeboat. Jamie Dimon, the chief executive of J.P. Morgan Chase, said yesterday that he regrets accepting $25 billion in federal aid.
Report Says IRS Let Foreigners Take Improper Tax CreditsThe Internal Revenue Service has allowed some foreigners to improperly claim tax credits that will cost the government nearly $9 billion, according to a federal report scheduled to be released today.
Obama must prepare the United States now for the tax pain to comeBarack Obama delivered yesterday a major speech on his economic plan so masterful that it silences reasoned dissent on his administration's progress thus far. Yet there was a flaw, imbedded in the second half of his address, that could plague his second term.
Obama acts to boost small-business lendingWorking to restart the economy's engine of job creation, President Obama announced Monday that the Treasury Department would invest as much as $15 billion to boost lending to credit-hungry small businesses.
I would like to attempt to put some of the figures that have been published into some kind of perspective. I've converted them into "houses". There are 5,000 $200 thousand houses in $1 billion.
All right, I've had enough. Today I read that Northern Trust Bank, based in Chicago, Illinois threw spectacular parties over the weekend after taking 1.6 billion in bailout money.
Obama poised to sign stimulus into law on Yahoo! NewsWASHINGTON – President Barack Obama is poised to sign into law the most sweeping economic package in decades, a rescue plan designed to create millions of jobs, spur consumer spending and revive the nation's outlook.
Numb and number: Is trillion the new billion?In that strange intersection of economics and politics, there is a new fashion: Trillion is the new billion. Dollar bills One trillion $1 bills stacked one on top of the other would reach nearly 68,000 miles into the sky.
Based on nearing's seed on $1.144 Quadrillion in Derivatives, I've made an online slide show with music for folks to see the size of US debt against the Derivative Debt. Now being Featured on slideshare.net's homepage.
I am organizing a campaign at my university to send as many of my fellow students as possible to an event in Washington DC for free.
Geithner, Bernanke work on $700B bailout overhaul on Yahoo! NewsHow to use $350 billion from last rescue program and still to avoid costing taxpayers hundreds of billions of dollars beyond original $700 billion.
I believe in the American Dream; my own house with a car in the driveway surrounded by the little white picket fence, two kids in the yard playing with the dog while the wife is cooking the chicken in the pot on the stove.
Obama woos GOP on stimulus, but may not get bipartisan vote on Yahoo! Newsan $825 billion plan aimed at reviving an economy, the worst recession since World War II and Barack Obama is approaching for strong bipartisan consensus.
SEC Tipped Off About Madoff / Did NothingThe SEC had the authority to investigate Madoff's investment business, which managed billions of dollars for wealthy investors and philanthropies.
A visual guide to the $700 billion bailout. Who really pays?You'd be surprised... Or maybe not.
Merrill CEO wants 10million bonus / his reward for losing 11billion for the companyNEW YORK (CNNMoney.com) -- New York Attorney General Andrew Cuomo said Monday that the $10 million bonus reportedly being considered for Merrill Lynch's chief executive John Thain is "nothing less than shocking."
Bush gives banks 140 billion dollar tax relief under the radarI've barely heard anyone discuss this. You would think this would be headline news.... Thoughts?
Money laundering scam worth $10bnMunaf Kalia and Javed Khanani, partners in top moneychanger firm Khanani and Kalia International, were arrested on Friday on charges of illegal transfer of about $10 billion out of Pakistan.
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