Citigroup, which accepted two infusions of TARP money, wants to raise some of its employees' base salaries by as much as 50 percent. The pay increase is meant to compensate for reduced bonuses. Ashley Milne-Tyte reports.
The latest Transformers movie uses almost 70 General Motors cars and, entertainment value aside, serves as one giant car commercial. This could be just what the automaker needs to help it emerge from bankruptcy. Ashley Milne-Tyte reports.
Hopes were high for this summer's box office season, but ticket sales are down so far compared to last year. But some say to wait until the season ends to get the big picture. Ashley Milne-Tyte reports.
U.S. money manager BlackRock is about to become the world's largest asset manager after agreeing to buy an investment arm of British bank Barclays. Steve Chiotakis talks to Marketplace's Ashley Milne-Tyte about why this deal is so interesting.
Foreclosure filings dropped from April to May, but rates are rising in states like Idaho, Oregon and Utah. Most of the new foreclosures seemed to be based around unemployment. Ashley Milne-Tyte reports.
B of A head Kenneth Lewis testified before a congressional panel today on the bank's deal with Merrill Lynch. Bill Radke talks to Marketplace's Ashley Milne-Tyte about whether he insinuated that he was pressured by the government.
The Obama administration is focusing on executive compensation again this week, and it could appoint a "pay czar" to oversee top pay at bailout-supported firms. Ashley Milne-Tyte reports.
The Congressional Oversight Panel is out with a new TARP report today, which may mean added stress for banks. The report suggests that regulators should keep carrying out tests as long as banks hold toxic assets. Ashley Milne-Tyte has the story.
President Obama is promising to deliver 600,000 jobs through his economic recovery plan. Steve Chiotakis talks to Ashley Milne-Tyte about what kinds of jobs this would entail and how stimulus spending affects job creation.
President Obama and Vice President Biden are meeting with members of the Cabinet to lay out specific goals for how to spend stimulus money during the next several months. Ashley Milne-Tyte reports.
