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- Ford Plans Shift to Small CarsToday
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Ford plans to tell Congress it is retooling itself to build small fuel-efficient cars, and will cut CEO Mulally's pay. The moves are part of its bid to win support for a federal bailout of the Big Three.
- Delinquent Mortgages to Nearly DoubleToday
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The number of consumers with delinquent mortgages is expected to nearly double by the end of next year, according to a credit bureau.
- Postholiday Blues: Dow Falls 679.95 PointsToday
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The Dow industrials fell 679.95 points, or 7.7%, to 8149.09, spurring concern that the rally of the five previous trading days might have been a temporary bounce. An onslaught of negative news fueled the declines.
- J.P. Morgan's Once-Hot Highbridge Goes ColdToday
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Highbridge helped owner J.P. Morgan become one of the biggest hedge-fund managers in the world. But the flagship multistrategy fund has shrunk considerably, and now many investors want out.
- Goldman Faces Loss of $2 Billion for QuarterToday
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Goldman Sachs is likely to report a loss of as much as $2 billion as it faces write-downs in several areas.
