Today, General Motors shut down its jobs bank, a program for workers whose jobs were cut for any reason other than falling car sales. Ashley Milne-Tyte explores how the move affects the 1,600 workers involved.
Nearly every industry is seeing sweeping layoffs in this recession. The job cuts aren't limited to the lower rungs of the socioeconomic ladder, either. Ashley Milne-Tyte reports.
The value of the U.S. dollar has been holding up pretty well, even though more and more money is being printed by the government to bail out the banks. Why? Ashley Milne-Tyte reports.
As unemployment rates creep higher, banks are worried that more loans will have to be written off. Because if prime borrowers find themselves jobless, they may not be able to pay their mortgages. Ashley Milne-Tyte reports.
In "The Marketplace Decoder," we break down those financial buzzwords making headlines. This week, Marketplace's Ashley Milne-Tyte explains exactly what they mean when they talk about a "point" on the stock market.
Reports out this morning say mega pharmaceutical company Pfizer is in talks to buy competitor Wyeth in a potential $60 billion deal. Pfizer may be considering the move because it's running out of options. Ashley Milne-Tyte reports.
Demand for new homes is at a low as numbers out this morning wrap up the worst year for builders since at least 1959. Ashley Milne-Tyte reports level of foreclosures will likely stay high all year.
Apple sales hit $10 billion for the first time last quarter, and the brand still grabs consumers worldwide. But the company is predicting a less-stellar performance in the first quarter. Ashley Milne-Tyte reports.
IBM reported its latest profit numbers last night, and they were good. The company accredits its success to software sales and Internet security services. Ashley Milne-Tyte reports.
Chrysler and Italian carmaker Fiat have announced a partnership, but Fiat won't be helping by injecting the Detroit automaker with cash. Steve Chiotakis talks to Ashley Milne-Tyte, who is following the story.
