U.S. Hopes to Ease G.M. to Bankruptcy
By MICHAEL J. de la MERCED and JONATHAN D. GLATER
The government is seeking to avoid court chaos by persuading at least some creditors to agree to a plan that would cleave General Motors into two pieces.
Special Report: The Auto Bailout
For Carmakers, March Was Another Bleak Month
By NICK BUNKLEY
Ford reported that its sales were 41 percent lower than a year earlier, while Volkswagen said sales fell 20 percent.
CNBC Video: G.M.'s Interim Chief Outlines OptionsWorkers Share in the Pressure on Carmakers
By MICHELINE MAYNARD and STEVEN GREENHOUSE
The United Automobile Workers union is under pressure to make concessions as General Motors and Chrysler struggle.
In Europe, ‘Cash for Clunkers’ Drives Sales
By NELSON D. SCHWARTZ
A plan that provides government subsidies to drivers who junk their old jalopies for new cars has exceeded expectations.
In Helping Chrysler, Fiat May Find an Opportunity
By ERIC SYLVERS
Fiat would get distribution in the United States, and supply platforms to build new small cars.
- Times Topics: Fiat S.p.A. | Chrysler LLC
- Cerberus Tries to Get Chrysler Out of a Ditch
Top Business News
Obama and Brown Urge United Action on Economy
By HELENE COOPER and ALAN COWELL
After meeting with Prime Minister Gordon Brown of Britain, President Obama played down reports of discord.
- Obama and Brown: Text |
Video via MSNBC | The Caucus - Protesters Block London’s Financial District
Wall Street Higher Despite Latest Jobless Report
By JACK HEALY
Shares recovered early losses after a trade group said the U.S. economy shed an estimated 742,000 private jobs in March.
Reports Offer Mixed Message on U.S. Economy
By JACK HEALY
Pending home sales rose 2.1 percent, in line with expectations, as buyers took advantage of deeply discounted prices and low interest rates, a trade group said.
South Koreans Band Together to Save, and Create, Jobs
By CHOE SANG-HUN
Job preservation has become a national drive, with the government appealing to unionized workers and management to set aside differences.
Asian Data Shows Severity of Slump
By BETTINA WASSENER
Data from three of Asia’s largest economies shows that the world is still in the midst of a severe downturn.
DealBook Blog
Massachusetts Sues Madoff Feeder Fund for Fraud
By DEALBOOK
Massachusetts’ top securities regulator has sued Fairfield Greenwich Advisors, which directed billions of dollars of its clients’ money into Bernard L. Madoff’s investment firm.
Euro Zone Unemployment Jumps to 8.5%
By REUTERS
The data showing a larger-than-expected increase in February comes a day before the European Central Bank meets on interest rate policy.
E.U. Drops Antitrust Case Against MasterCard
By JAMES KANTER
Regulators say the company has settled an antitrust case by agreeing to cut fees. But the company says its move is only temporary pending a ruling.
Standoff Ends at Caterpillar Plant in France
By DAVID JOLLY
Workers at the Grenoble plant released the managers after President Nicolas Sarkozy said he would meet with union members who are disputing severance packages.
Former AOL Chief to Oversee Digital at News Corp.
By THE NEW YORK TIMES
Jonathan F. Miller, who led AOL from 2002 to 2006, will oversee News Corp.’s digital businesses, including MySpace.
Oz Minerals Agrees to Sell Assets to Chinese Rival
By REUTERS
The $1.2 billion sale to Minmetals marks the Australian mining sector’s second big Chinese investment in as many days.
Boats Too Costly to Keep Are Littering Coastlines
By DAVID STREITFELD
The bad economy is creating a flotilla of forsaken boats, which are environmental and navigational hazards.
Four Small Banks Are the First to Pay Back TARP Funds
By ERIC DASH
The new restrictions on executive compensation and dividend payouts has made aid from the Troubled Asset Relief Fund less palatable to bank managers.
Philip Morris’s Support Casts Shadow Over a Bill to Limit Tobacco
By DUFF WILSON
The legislation, which authorizes the F.D.A. to approve or reject tobacco products and ingredients, is expected to be approved by the House, but could meet resistance in the Senate.
Japan Tries to Increase Exports
By HIROKO TABUCHI
Facing shrinking markets at home, Japanese companies must expand foreign sales or face longer-term decline.
More Business News
Multimedia
Interactive Feature: At ‘West Point’ for Car Industry, Rethinking the Future
Anxiety runs high at Kettering University, formerly G.M. Institute, where students who once trained to work in the auto industry are looking outside their chosen field.
Interactive: Searching the Madoff List
The list of customer account names found by the court-appointed trustee in the records of Bernard L. Madoff’s wealth management firm.
Interactive List : Searchable Court Documents
Interactive Graphic: Titans of an Age No Longer Golden
Though seven major financial firms lost more than $100 billion since 2007, they have paid their top executives $464 million since 1995.
Interactive Feature: Tracking the $700 Billion Bailout
How the money from the Troubled Asset Relief Program is being doled out to banks, insurance companies and others.
Interactive Graphic: Adding Up the Government’s Total Bailout Tab
An overview of government support, beyond the $700 billion bailout known as TARP, given to companies from banks to car companies.
Interactive Feature: How the Government Dealt With Past Recessions
Since the Great Depression, presidents have tried many methods to fight recessions. Three economists explain what worked and what didn’t.
Showdown at Target
The retailer's feud with an activist fund is shaping up to be the season's first major proxy battle.
World faces crisis of finance, not capitalism
April 1, 2009,
Two ideas to solve global imbalances
April 1, 2009,
US backtrack on mark-to-market is badly timed
March 31, 2009
Today's Columnist
Economic Scene
Stimulus Thinking, and Nuance
By DAVID LEONHARDT
European leaders are resisting calls for stimulus measures, but history shows that they often work.
- Times Topics: Bailout Plan |
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Market Place
Banks Are Set to Receive More Leeway on Asset Values
By FLOYD NORRIS
Under Congressional pressure, the board that sets accounting standards is preparing to alter a rule in a way that will let banks report smaller losses.
Multimedia
How Do You Feel About the Economy?
Enter the word that best describes your mood.
Multimedia
Detroiters Make the Case for a Lifeline
A cross section of Detroiters say they wish they could persuade the country why G.M. and Chrysler, and by extension Detroit, deserve to be saved.
Geography of a Recession
Updated: A map of unemployment rates across the United States, now through January.
Times Topics in Business
Credit Crisis — The Essentials
A continuously updated summary of credit crisis developments.
- More From Times Topics:
- Economic Stimulus »
- Bailout Plan »
- Automotive Industry Crisis »
Special Series in Business
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