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Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, after the worst loss in company history a year earlier. Shares rose 9 percent in afternoon trading. ...more
July 24, 2009
While millions of people were either directly or indirectly involved in the causes for A.I.G. and other necessary bailouts, if we were limited to only five words as the most responsible, they would be: Bill Clinton and Barney Frank. ...more
February 5, 2009
Toyota Motor Corp. slashed its earnings forecast again Monday, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen. ...more
December 22, 2008
It isn't just car dealers who are struggling to unload vehicles. Sales are down by nearly half at the nation's largest boat dealer. ...more
October 15, 2008
As a global recession looms, what better way to cope than to eat, drink and be merry? ...more
August 14, 2008
If you are looking for a sign the economy is still in need of repair, you can find it at Lowe's Cos. ...more
May 20, 2008
Battered by a slumping North American auto market and unfavorable currency swings, Toyota is forecasting a double barrel of bad news this fiscal year: its first year-on-year sales slide in nine years and first profit slip in seven years. ...more
May 9, 2008
I didn't major in economics, but was repeatedly exposed to the subject during studies at several universities. ...more
February 20, 2008
In what appears to be the largest trading fraud ever carried out by a single person, a young trader at French bank Societe Generale is accused of making unauthorized bets on stock markets that cost the bank nearly $7.2 billion but may not have netted him a cent. ...more
January 25, 2008
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