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Business

Business

Obama adviser: Economic contraction likely

JIM KUHNHENN <br />Associated Press Writer -
A top Obama adviser is predicting another economic contraction in the second quarter of the year and continued increases in unemployment for the next...
Business

Obama adviser: Economic contraction likely

JIM KUHNHENN Associated Press Writer -
A top Obama adviser is predicting another economic contraction in the second quarter of the year and continued increases in unemployment for the next...
Business

5 regional banks must raise $8.2B after tests

MARCY GORDON AP Business Writer -
Five of the nation's largest regional banks are vulnerable to a worsening recession and need to raise a total $8.2 billion in new capital...
Business

GM posts $6B 1Q loss, spends $10.2B in cash

TOM KRISHER and KIMBERLY S. JOHNSON AP Auto Writers -
General Motors Corp. lost $6 billion in the first quarter and its revenue was cut nearly in half as car buyers feared the wounded...
Business

Casino Aztar Owner Approved to Exit Bankruptcy

Press Release -
LAS VEGAS—The US Bankruptcy Court in Delaware today approved Tropicana Entertainment, LLC’s creditor-supported plans of reorganization, which include an exit financing commitment from Icahn...
Business

Bernanke likely to give less dour take on economy

JEANNINE AVERSA AP Economics Writer -
Federal Reserve Chairman Ben Bernanke will provide Congress with a fresh assessment of the country's fragile economic health that probably will note some recent...
Business

Buffett sees tough times ahead before recovery

JOSH FUNK AP Business Writer -
Billionaire Warren Buffett remains optimistic about the U.S. economy, but he says it's difficult to predict when the recession will end because American consumers...
Business

Report: Citigroup may need $10B in extra capital

AP NEWS -
Citigroup Inc. may need to raise as much as $10 billion to meet the government's increased capital standards for banks outlined in its stress...
Business

Winning Stocks Need More Than Earnings

JOANNE VON ALROTH Investor's Business Daily -
Running the numbers for a stock is crucial when considering whether to buy it. We've discussed that strong earnings growth is the most important...
Business

AP sources: Chrysler to file for bankruptcy

STEPHEN MANNING and TOM KRISHERAssociated Press Writers -
Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker...
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