November Car Sales Rise at GM, Chrysler, Ford
Finance Thursday, December 1st, 2011
Sales rose last month for all three of Detroit’s biggest car makers, good news for the long-struggling industry.
S&P Downgrades Dozens of Global Banks
Breaking News, Finance Wednesday, November 30th, 2011
By Dunstan Prial, FOXBusiness.com Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC). The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks. Citigroup, Goldman Sachs [...]
MF Global Trustee Says Shortfall Could Exceed $1.2 Billion
Finance Wednesday, November 23rd, 2011
The amount of customer money missing from the collapsed trading firm MF Global may be more than $1.2 billion — double previous estimates — the trustee dismantling the firm’s brokerage unit said on Monday.
Supercommittee Failure Poses Risk to U.S. Economy Even as Rating Affirmed
Finance Tuesday, November 22nd, 2011
The implosion of the congressional supercommittee is likely to delay any major deficit-reduction agreement until after the next presidential election and may pose an immediate threat to the struggling U.S. economy.
Rand Paul: Automatic cuts may be the only way
Finance, Headlines Monday, November 21st, 2011
(CNN) – Rand Paul, the Kentucky senator who was elected with strong support from the tea party, said Sunday the automatic cuts that would follow a super committee failure may be the only way for Congress to reach a debt-cutting deal.
Tea Party Groups Push GOP On Taxes
Finance Friday, November 18th, 2011
(CNN) — Several tea party-aligned groups are pushing Republican members of Congress not to support tax increases as a congressional super committee tries to come up with a proposal to cut at least $1.2 billion from the nation’s debt.
Tea Party Group Presents Its Own Debt Commission Report
Breaking News, Finance, Headlines Thursday, November 17th, 2011
As the Congressional committee charged with reining in the deficit nears its deadline for coming up with a way to cut it by at least $1.2 trillion over 10 years, the Tea Party — or at least, a small group aiming to represent the Tea Party — is presenting its own ideas.
Oil Soars Past $100, Seaway Reversal to Ease Glut
Finance Wednesday, November 16th, 2011
U.S. oil prices surged Wednesday to close above $100 a barrel for the first time since June, propelled by news of a critical pipeline reversal that will ease a year-long oil glut in the Midwest.
Senators introduce “STOCK Act” to stop “insider trading” in Congress
Finance Tuesday, November 15th, 2011
A bill to stop “insider trading” in Congress is gaining momentum with two new Senate supporters.
Millionaires to Congress: Raise our taxes
Finance Monday, November 14th, 2011
By Alan Fram, Associated Press WASHINGTON (AP) — Members of Congress’ deficit-reduction supercommittee face daily pressure from groups defending programs like Social Security, veterans benefits and defense spending from cuts. This week will offer something different: Millionaires insisting that their own taxes be raised. A group called Patriotic Millionaires for Fiscal Strength is sending about [...]
