Fuld replacement named at LehmanA restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec. 31, Lehman lawyer Harvey Miller said Thursday.
Dems are postponing crucial vote on auto bailoutDemocratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable.
Officials: Dems to demand business plan from Big 3Congressional officials say Democratic leaders have decided to put off a bailout vote for the auto industry until December and will insist that the Big 3 first come up with a plan showing how the m
Credit market recovery slips on carmaker fearsInvestors flooded into government debt again on Thursday, sending Treasury yields to multiyear lows as ongoing worries about an auto industry collapse impede the credit markets' attempts at a recov
Bipartisan group works to revive auto bailoutA bipartisan group of auto-state senators reached a last-ditch compromise Thursday to throw Detroit's Big Three a government lifeline worth billions, but the plan faces an uphill battle in a reluct
Oil at 3-year lows; gas below $2 in 23 statesOil prices on Thursday hit levels not seen in more than three years and retail gasoline prices are now below $2 across nearly half of the country on dour economic reports suggesting a painful econo
GMAC files for bank holding statusGMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue plan.
Congress rushing to extend jobless benefitsJarred by new jobless alarms, Congress rushed Thursday toward keeping unemployment checks flowing through the December holidays and into the new year for Americans whose benefits are running out.
Stocks decline as hopes fade for immediate bailoutFlip-flopping sentiment about the prospects for U.S. automakers battered stocks again Thursday as hopes rose then fell that lawmakers would soon put together an aid package for the companies.
Paulson: crisis happens once or twice in 100 yearsTreasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a "once or twice" in a 100 years event, even as he warned Thursday against imposing too-strict regulation
Stocks reverse losses on hopes for car makersStocks have reversed steep morning losses to push higher Thursday after aides to a bipartisan group of senators say they have reached a compromise to funnel emergency loans to Detroit's car makers.
UAW head says inaction on bailout 'not an option'United Auto Workers President Ron Gettelfinger says the Bush administration and Congress need to come to an agreement on aid for the domestic auto industry because "inaction is simply not an option
US panel warns of Chinese espionageChina has accelerated computer espionage attacks on the U.S. government, defense contractors and American businesses, a congressional advisory panel said Thursday.
Ind. inmates sneak through ceiling to have sexThree male and three female inmates at a southern Indiana jail face charges that they devised a way to sneak between cell blocks to help pass their time behind bars by having sex.
Thieves pry bronze Virgin Mary statue from churchThieves may have to take an awkward trip to the confessional. A bronze statue of the Virgin Mary was lifted from a Catholic church in Newport Beach. Police Lt.
Undercover officers use Taser on pallbearerA North Carolina sheriff's official has apologized for plunging a funeral into chaos when undercover agents tried to arrest the dead man's son—and used a Taser on him in the process.
