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Ambac sees bankruptcy ahead
A signal moment of the financial meltdown came a step closer to reality Monday.Bond insurer Ambac (ABK) failed to make a scheduled $2.8 million intere...
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Ambac破產在即
美國債券保險商Ambac金融集團無力按時支付280萬美元的債券利息。該公司已公開宣稱，無論如何，它都會于今年底宣告破產。Ambac金融集團總部位于紐約，它表示，2023年將有7500萬美元利率為7.5%的債券到期，而它決定不按時支付這筆利息。如果該機構在一個月內無法支付這筆款項的話，它有可能拖欠債務...
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More bumps ahead for Chrysler
Its new partner, Fiat, needs to take a long, hard look at what needs to be fixedBy Alex Taylor IIIChrysler, which has endured more perils than Pauline...
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GM's new 'car guy' sees a ray of hope for the company
By Alex Taylor IIIThere's a generational story that Mark Reuss, the new head of General Motors' North American operations, likes to tell.Over the Chri...
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Go ahead and default, Greece!
Greece must be feeling a little like Sisyphus these days. Saddled with mountains of debt and a 14% budget deficit, its path to recovery seems arduousl...
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!@#^% the deficit! Full speed ahead!
By Stanly BingIt’s funny how hypocrisy never goes out of business.Now all the big conservators of the empire who were so careful with our economic sys...
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Bankruptcy Baby: 2010 Chevrolet Camaro coupe
By Alex Taylor IIIHow did Bob Lutz let the Camaro out of the design studio?I can claim only a shrunken six feet in height, and my close-cut and thinni...
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For GM, bankruptcy will be a two-edged sword
A reorganized company will face its own set of problems.By Alex Taylor IIIA bankruptcy filing for General Motors could come in the next few days, now ...
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Oracle CEO sees long slog for U.S. economy
By Jon ForttBillionaire Oracle CEO Larry Ellison doesn't expect the U.S. economy to significantly improve until halfway through the next decade – a gl...
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保險公司為何回絕巴菲特
伯克希爾?哈撒韋對遇到麻煩的債券保險公司伸出援手，但是條件似乎太過苛刻，保險公司的股東沒法接受作者：Colin Barr, Roddy Boyd伯克希爾?哈撒韋（Berkshire Hathaway）最近一次涉足債券保險業絕對是沃倫?巴菲特（Warren Buffett）的一貫風格。奧馬哈城億萬富翁...
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