Oct 27th, 2008 · Republican presidential hopeful John McCain says he's not worried about polls that show him trailing Democrat Barack Obama by double-digits. McCain is making the case that voters should elect him to create a check on a Democratic Congress. McCain says a Democratic takeover of Washington would spell economic disaster.
Sep 29th, 2008 · In the latest major bank takeover, CitiGroup has announced it will buy Wachovia Bank. We explore what this development means.
Sep 29th, 2008 · The next bank the government is focused on is Wachovia. A rescue would come on the heels of last week's government takeover of Washington Mutual. The country's biggest saving and loans was sold to JPMorgan Chase.
Sep 18th, 2008 · The Federal Reserve and the Treasury Department are involved in the takeover of Fannie Mae and Freddie Mac. The Fed is also the potential owner of American Insurance Group. Its capacity to handle the takeovers is examined.
Sep 16th, 2008 · Hewlett-Packard announced Monday it will slash nearly 8 percent of its work force, over the next three years. HP is restructuring as it integrates its newly acquired technology services company Electronic Data Systems Corporation. Most of the job cuts will be EDS workers. HP is reducing its workforce so it can cut costs, and better compete with IBM.
Sep 13th, 2008 · The government stepped in to help Bear Stearns and recently orchestrated a takeover of Fannie Mae and Freddie Mac. How far will the government go to rescue other firms like Lehman Brothers? Business journalist Joe Nocera talks with host Scott Simon about the moral and practical hazards.
Sep 9th, 2008 · The U.S. takeover of mortgage giants Fannie Mae and Freddie Mac may end up costing American taxpayers a bundle. But world economic leaders say the cost of not saving them would have been unimaginable.
Sep 9th, 2008 · The U.S. government has taken control of troubled housing finance giants Fannie Mae and Freddie Mac, and their top executives have been removed. Economics experts weigh in on what the bailout means for U.S. and Chinese investors.