• Obama lectures Wall St. on Lehman anniversary
    President Barack Obama sternly warned Wall Street Monday against returning to the sort of reckless and unchecked behavior that threatened the nation with a second Great Depression.September 14, 2009
  • High court blocks Chrysler sale to Fiat
    Supreme Court Justice Ruth Bader Ginsburg has temporarily delayed Chrysler's sale to Fiat. Ginsburg says in an order Monday that the sale is "stayed pending further order."June 8, 2009
  • Obama's plan to save GM: bankruptcy, $30 billion
    President Barack Obama pushed General Motors Corp. into bankruptcy on Monday and said the federal government will act as "reluctant shareholder" when it assumes a 60 percent ownership of the smaller carmaker that emerges.June 1, 2009
  • GM bankruptcy on the horizon?
    After months of trying to avoid bankruptcy, GM appears likely to file what could be the largest industrial bankruptcy in U.S. history. That will most likely mean closed factories and dealers told they no longer will receive GM cars. And the taxpayers will own a good part of two major car makers.Midmorning, May 28, 2009
  • For most, stimulus means a few extra dollars a month
    You may have noticed that you got paid a little more last month than you're used to, and it's not because you got a raise.May 5, 2009
  • 'Stress test' raises concerns about Wells Fargo's finances
    Regulators are asking Wells Fargo & Co. to raise more capital after government "stress tests" showed the bank would have trouble surviving if the recession worsens.May 4, 2009
  • GM to cut 21,000 US factory jobs, shed Pontiac
    General Motors laid out a massive restructuring plan today that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.April 27, 2009
  • Freddie Mac official found dead
    David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.April 22, 2009
  • The trouble with TARP
    Treasury Secretary Timothy Geithner says banks are still working through bad debt, and that money from the Troubled Asset Relief Program is the best way to help banks recover. But some banks are returning TARP funds, saying they don't need the help and don't want government interference.Midmorning, April 21, 2009
  • TCF gives back bailout funds
    TCF of Minnesota intends to pay back money it received under the federal government's Troubled Asset Relief Program, or TARP. TCF received $361 million in TARP funds last fall. The bank says it doesn't need the money.April 20, 2009
  • White House questions viability of GM, Chrysler
    President Barack Obama and his top advisers have determined that neither company is viable and that taxpayers will not spend untold billions more to keep the pair of automakers open forever.March 30, 2009
  • GM CEO Wagoner to step down at White House request
    The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry.March 29, 2009
  • After the rage, what changes?
    Obama administration officials hint that the President is not in favor of legislation passed by the House that would heavily tax executive bonuses at companies like AIG. President Obama is trying to balance the public outrage against companies taking taxpayer money, while trying to lure private investors to take toxic assets.Midmorning, March 23, 2009
  • Minn. delegation reacts to AIG bonus issue
    Minnesota Rep. Erik Paulsen is calling for more oversight of insurance giant AIG, in the wake of the outrage over AIG's payment of $165 million in bonuses to employees, even as the company is being bailed out by the federal government.March 18, 2009
  • AIG chairman says employees returning some bonuses
    The head of financially strapped AIG is telling Congress he's heard the rage over executive bonuses and has called on employees to voluntarily return at least half of the money.March 18, 2009

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