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Portugal's banks get $8 billion bailout
David Brancaccio Jun 4, 2012
Today three big banks in Portugal were forced to draw on $8.25 billion worth of European Union bailout money to weather the current financial storm. Portugal has been slogging through very tight budgets in order to be eligible for money like this.
FedEx to acquire Brazilian shipper
David Brancaccio May 30, 2012
Despite global economic woes and nervous markets, FedEx announced today that it will purchase the Brazilian shipper Rapidao Cometa Logistica e Transportes for $6.8 billion.
Law firm Dewey & LeBoeuf files for bankruptcy
Amy Scott May 29, 2012
Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.
History and pedigree do not guarantee survival for Dewey
David Brancaccio May 29, 2012
Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.
A week of economic woes and Facebook fizzle
Scott Tong May 25, 2012
In the last week, we've heard of a possible Greek exit from the euro, a U.S. debt ceiling showdown, HP layoffs, and a Facebook stock lawsuit. How does this news affect our psyche and what stories should we focus on amid all the turmoil?
Low U.S. employment growth and the tech sector slows
David Brancaccio May 25, 2012
Some point to the Facebook stock flop as sign of a slowing tech sector. Meanwhile, employment growth for unskilled workers in the U.S. remains stalled.
Should Washington act to prevent a 'fiscal cliff'?
David Brancaccio May 23, 2012
The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'
Moody's upgrades Ford debt
Scott Tong May 23, 2012
Six years ago, Ford lost billions when SUV sales stalled. It borrowed billions, and put up factories and its famous trademark as collateral. After a major restructuring, the automaker has earned an investment-grade rating from Moody's.
Moody's raises Ford back up to investment grade
Kai Ryssdal May 22, 2012
The carmaker survived the recession by selling all its assets back in 2006, and now it's able to get it all back.
Democrats campaign on auto bailouts
Mitchell Hartman May 16, 2012
Vice President Biden is in Ohio to tell voters the bailouts brought back jobs to the state.
