At the Fortune 500 Forum, American Express chief Kenneth Chenault says CEOs should prepare their companies for the possibility of a long recession. more
· By Beth Kowitt
The industry is being hit hard by layoffs. To survive the restructuring, bankers will need to be highly flexible. more
· By Michael V. Copeland
Investor Daily: Post-1987 reforms ensured the stock markets react in real-time to news, which is magnifying uncertainty about the future. more
· By Sue Zesiger Callaway
With the new 911 Targa 4S, Porsche upgrades the most iconic sports car with a bevy of technical treats. more
· By Alex Taylor III
Without government aid, the automaker says it will be broke by New Year's. But does its restructuring plan go far enough? more
-
Companies
CEO Bill McComb has remade the apparel company from frumpy to fresh by jettisoning stale brands and focusing on Juicy Couture, Kate Spade and Lucky Jeans. So why is the stock down 90% since he took the helm? more -
international
Okay, not really. But Iceland's main banks and business tycoons took huge risks and its citizens borrowed to the hilt. Now this island nation is paying the price. more -
retail
How a New York startup put fashion sample sales online and established a recession-resistant business model in the process. more -
Investor Daily
Investor Daily: Consumer staple stocks are usually a good bet in a recession - if you know when to get out. more -
economy
Like it or not, there's only one way we're going to be able to pay for our ballooning deficit: a value-added tax. more -
energy
There's more of it today than there ever was this summer. And this time around, it really is making oil more expensive. more
This year's Greenbuild conference in Boston showed off the latest innovations in sustainable construction. more
Abu Dhabi is building a city that runs on solar power, recycles all waste, and bans cars. How will it work? more
By Todd Woody
Silicon Valley startup Better Place signs deal with the governor and the state's biggest utility to build a network of charging stations across the Hawaiian islands. more
Former Secretary of State Albright says Obama could restore U.S. leadership worldwide. more
- November: Most jobs lost in 34 years
- General Motors cuts another 2,000 jobs
- Jobs report sends oil under $42
- No Merrill honeymoon for BofA
- Taxpayers: Furious over homeowner bailouts
- Quiet solutions to credit crunch
- The car of the future
- Investors drain $12B from mutual funds
- Shake-up coming to Energy Dept.
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- How long will the recession last? More
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| Company | Price | % Change |
|---|---|---|
| Hartford Finl Svcs Group Inc | 10.18 | 41.21% |
| Chesapeake Energy Corporation | 10.26 | -13.31% |
| Smurfit-Stone Container Corp | 0.42 | -12.69% |
| Rite Aid Corporation | 0.40 | -12.48% |
Dec 5 10:59am ET †
| Index | Last | % Change |
|---|---|---|
| Dow Jones | 8,195.20 | -2.16% |
| Nasdaq | 1,420.67 | -1.72% |
| S&P 500 | 827.24 | -2.13% |
| 10yr | 110 9/32 | Yield: 2.56% |
Dec 05 11:00am ET †
| Company | Price | % Change |
|---|---|---|
| Time Warner Inc | 8.53 | -10.02% |
| Cablevision Systems Corporation | 12.82 | -9.14% |
| Amazon.com, Inc | 43.52 | -8.03% |
| Texas Instruments Incorporated | 13.45 | -7.05% |
Dec 5 10:58am ET †
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