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Making a Profit and a Difference

NEW YORK (Reuters) – Stocks tumbled on Monday as two major U.S. automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial system’s health, putting the brakes on a recent run-up.

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Wall Street hits the brakes on autos, bank woes

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Lessons Learned

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For Job-Seeking MBAs, Alumni May Be the Answer

WASHINGTON (Reuters) – President Barack Obama ordered General Motors and Chrysler to accelerate their turnaround efforts and brace for possible bankruptcy, saying bailout funds will be limited and poor decision-making will not be excused.

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Obama says carmakers can survive but bankruptcy possible

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Stocks Tumble on Auto Worries

NEW YORK (Reuters) – Stocks slid on Monday as investors booked profits from a recent rally and following the U.S. government’s talk of possible bankruptcy at General Motors and Chrysler.

Wall Street slides on automakers, bank worries


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U.S. Internet advertising revenue climbed in the fourth quarter in spite of the poor economy, but the growth rate was sluggish compared to previous years, according to an analysis released Monday. The report from the Interactive Advertising Bureau and…

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Web ad revenue grew in 4Q but slower than in past

NEW YORK (Reuters) – Goldman Sachs investment banker Byron Trott, the rare Wall Street deal maker who gained the trust of billionaire investor Warren Buffett, is leaving to start his own merchant banking firm, a person familiar with the situation said on Monday.

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Buffett’s favorite banker to leave Goldman Sachs

Jonathan Miller will soon be appointed head of digital strategy for News Corp. That’s according to a person familiar with the matter. The 51-year-old Miller was once chief executive of AOL and last year was eyed as a replacement for Yahoo CEO Jerry Yang,…

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AP source: Ex-AOL boss to guide News Corp. digital

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Architecture in Recession: Germany

NASCAR champion Jimmie Johnson was the leadoff defense witness Monday in the Helio Castroneves tax evasion trial, testifying that a lawyer who is also charged in the case has a sterling reputation in the motorsports world. Johnson, a three-time Sprint Cup…

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Jimmie Johnson testifies in Castroneves tax trial

The head of the Environmental Protection Agency wants to limit emissions along the nation’s coastline and within its seaports, just as the agency does along highways, with tougher pollution standards on large commercial ships. EPA Administrator Lisa Jackson…

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EPA head announces new port emissions proposal

NEW YORK (Reuters) – Sales of vacation and investment homes in the United States slipped to 30 percent of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday.

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Sales of vacation homes fall