Detroit's car makers will try again to get help from the U.S. financial bailout today. The Big Three claim it would be more beneficial to the U.S. to be bailed out, and Janet Babin explains one bank report backs them up.
After Citigroup finishes making the 52,000 job cuts just announced, the nation's second largest bank will have shrunk by 20% this year. Jeremy Hobson looks at the company's remaining options.
Citigroup announced massive job cuts this morning, yet those might not be enough to get the company back in the black. The bank's financial troubles predate the economic crisis. Janet Babin reports.
A report out today shows college presidents are making more money than ever. Combine that with pay from a few on-the-side jobs on corporate boards and you're looking at some high figures. Renita Jablonski reports.
Company cutbacks are so severe right now that many are skipping the annual holiday party. Scott Jagow talks to Jo Bennett of Battalia Winston Amrop, which does a survey about corporate holiday events.
As President-elect Obama goes about staffing his administration, there's one job that's first among equals — Treasury Secretary. Commentator John Steele Gordon has some advice on what to look for.
If you want a job in the Obama administration, you better clean up your resume — and your FaceBook, Flickr and MySpace pages. The applicants are being heavily vetted. Rico Gagliano has the story.
Public pension funds that invested heavily in real estate are taking a big hit, including the real estate portfolio for California's civil servants, which lost more than a third of its value. Stacey Vanek-Smith reports.
It still costs more to make things in the U.S. than overseas. But the U.S. manufacturing sector has kept a lid on some things better than its foreign counterparts, like employee health care. Jeff Tyler reports.
There was a time, says commentator David Frum, when GM was one of the biggest employers in America, but that's no longer true. Besides, even with a bailout, more job cuts are coming.
