Investment banks Goldman Sachs and JP Morgan each had big profits: $2.7 billion to be exact. But the more cautious Morgan Stanley reported a billion-dollar loss today. Does this mean substantial risk is necessary to gain a profit? Alisa Roth reports.
Analysts expect Morgan Stanley to report that it lost more than $500 million last quarter. The firm is paying for its decision to take a more conservative approach while others made more risky bets on the markets. Alisa Roth reports.
States are growing increasingly concerned over the clean-up costs for work sites abandoned by failed industries. Factories often contain hazardous materials and states can't afford to pick up the bill. Alisa Roth reports.
Congress could reinstate thousands of car dealerships shut down when GM and Chrysler went broke. But if it did, where would these broke dealers get the money to operate with credit so bad? Alisa Roth reports.
Today, Indian motor giant Tata delivers its infamous Nano, the $2,000 mini-car touting four speeds, four doors and no air conditioning or radio. But the vehicle's cost is still out of range for many Indians. Alisa Roth reports.
Three separate bills in Congress are focused on reopening GM and Chrysler dealerships shut down by the companies' recent bankruptcies. Alisa Roth talks to auto industry specialists to try to figure out why.
General Motors is touting a new and restructured company. But in an effort to strengthen its business, it's bringing back key parts of its past. Alisa Roth reports.
The revamped General Motors is supposed to be all new, including its board of directors. The government owns half of the company, but will it also have a role in day-to-day operations? Alisa Roth reports.
Auto parts-maker Delphi is trying to sell assets this week, and several firms and investors have shown interest. But the car parts business is slow right now as hardly anyone is making cars. Alisa Roth reports.
