The financial headlines of the last several months have shown large banks making near-record profits, and small banks being closed at a pace of three or four per week. The FDIC has released its comprehensive report on the indus…
After much anticipation, General Motors finally revealed details of its public offering of stock, which is expected later this month. The automaker plans to raise $13 billion.
Continue reading General Motors Se…
In a sign that consumer spending may be on the rebound, Visa on Wednesday reported its fiscal fourth-quarter profit jumped 51% from a year ago. But shares fell after the company released disappointing guidance for the next year…
The U.S. automaker reported a $1.7 billion profit on strong demand for its revamped line of products, despite a lackluster economy. Continued growth at its Ford Credit finance unit also helped push profits higher.
…
The chief software architect was the perfect visionary foil to strategy-obsessed CEO Ballmer. His entrepreneurial mind pushed the stodgy software giant to innovate in cloud computing and more. That’s a role Microsoft will sorel…