GM shares drop to 70 year low

General Motors Corp. (GM) shares collapse to a 70 year low as investors see confidence in the auto industry evaporate. Share

Tourism Predictions 2009

Stormy weather ahead for the Travel and Tourism industry? What everyone in the tourism industry is asking themselves right about now is: How will tourism in 2009 be affected by the global economic crisis? Share

Germany approves 50 billion Euro stimulus plan

Germany’s parliament approved a record breaking stimulus package of 50 billion Euros Share

Global financial crisis forces Latvia’s government to resign

Latvia’s government resigned Friday after weeks of chaos due to the country’s economic collapse. Share

Saab files for bankruptcy as GM washes its hands

Saab, the Swedish automaker, filed for reorganization on Friday, a form of bankruptcy protection Share

Dow Jones at worst level in 6 years

The Dow Jones industrial average recorded its lowest close in over six years Thursday evening Share

The latest billion dollar fraud: Stanford bank

The cricket-loving billionaire is at the center of the alleged billion dollar fraud involving the Stanford Group. Share

Obama saving 9 million homeowners

More than 3 million owners have lost their homes during the past three years, and almost 5 million more could follow this year through 2011, Share

US housing starts drop to 50-year low

New homes construction in the US has fallen by 16.8 per cent in January to a 50-year low according to official statistics. Share

Obama signs $787,000,000,000 stimulus bill

President Barack Obama has signed probably the most noteworthy bill since taking office – the $787,000,000,000 stimulus bill. Share