March 2009


Executives at General Motors and Chrysler are speeding to put in place workable plans to restore their dwindling operations. It’s a race they might not win.

Wall Street resumed its advance Tuesday as investors bought up technology and financial stocks to beef up their portfolios on the last day of the quarter.

General Motors CEO Fritz Henderson's base salary as chief operating officer was cut 30 percent to about .3 million this year when GM accepted government loans.General Motors’ new chief executive says he will not cut his salary to a year like his predecessor Rick Wagoner.

But in picking the winners of the automobile industry, the government is also picking the winners and losers of the national economy. Where will auto workers wind up?We’ve agreed that keeping dying companies on life support isn’t the solution. But when it comes to creating a plan for what happens next to the workers we also have no solution.

Along with harsher demands, President Obama offered support Monday for GM and Chrysler, hoping to soothe fears about buying cars from automakers on the brink of bankruptcy.

Ford Motor Co. and struggling rival General Motors said Tuesday they would make car payments for some customers who lose their jobs.

Home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate, but there were a handful battered metro areas where price declines slowed.

Consumer confidence held steady in March, with a slight blip upward halting three months of declines as slivers of hopes about the economy buoyed consumers.

Nobel Prize-winning economist Paul Krugman has emerged as Obama’s toughest liberal critic. He’s deeply skeptical of the bank bailout and pessimistic about the economy. Why the establishment worries he may be right.

We meet some small business owners who understand the need to be flexible in this troubled economy. They've altered their business plans to change or die.  (MSNBC)These days, it’s imperative for small businesses to be flexible and make radical changes. Your Business talked to a handful that discovered it’s time to change or die.

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