April 2009


David Cho of the Washington Post reports that Chrysler chief executive Robert Nardelli would be ousted and replaced by the management of Italian automaker Fiat under a bankruptcy plan.  (Other)Talks between Chrysler LLC’s lenders and the Treasury Department to  keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday.

The Fed confirmed what Wall Street has already concluded: The recession is starting to ease.

David Cho of the Washington Post reports that Chrysler chief executive Robert Nardelli would be ousted and replaced by the management of Italian automaker Fiat under a bankruptcy plan.  (Other)Chrysler battled on several fronts to meet a midnight deadline Thursday for the struggling automaker to produce a satisfactory restructuring plan or be forced to file for bankruptcy.

William Casey hold photos of Bank of America CEO Ken Lewis and a Bank of America jet as he protests outside of the Bank of America shareholders meeting in Charlotte on Wednesday.Ken Lewis has been ousted as chairman of Bank of America Corp. after shareholders voted to separate that job from that of the bank’s chief executive.

A woman sleeps on a nearly-vacant American Airlines flight from Miami to Mexico City on Tuesday.The music of James Brown plays to an empty Starbucks. A woman has virtually an entire airliner to herself as she flies into Mexico City. Beach chairs go begging in Cancun.

The Federal Reserve said Wednesday it sees signs the recession is easing and that the economic outlook has “improved modestly” since last month.

Pontiac G6 and Chevrolet Malibu automobiles are shown at the Orion Assembly plant in Orion Township, Mich., on Monday. The Obama administration has said it isn't interested in running GM, but with a majority stake, some analysts say the government would probably be tempted to push its own policies on such issues as alternative fuel vehicles and unions.If the government takes a majority stake in General Motors, will it end up taking the wheel, too?

Christina Romer, head of the White House Council of Economic Advisers, responds to today's report that the U.S. economy shrank at a larger-than expected 6.1 percent annual rate in the first quarter. (MSNBC)The recession’s grip on the country remained relentless in the first quarter, when the economy shrank by a larger-than expected 6.1 percent annual rate.

Interest in the stimulus program’s results are high. When Ed Pegler and his co-workers began repairing sidewalks last week in a Washington suburb, they were interviewed by reporters from as far away as Japan.When Ed Pegler was laid off from his highway construction job four months ago, the 47-year-old father of two didn’t know when he’d be back to work.

Warren Buffett’s Berkshire Hathaway Inc. will release its first-quarter earnings report on May 8.

Next Page »