Toyota passed GM in global sales early this year, and the Japanese carmaker now expects to end the Detroit giant's 76-year reign as world NO. 1. The world's most profitable automaker has earned over three billion dollars in the last three months. Th...
The numbers are staggering, the Shanghai Composite, China's main stock exchange up more than 50% this year alone, on top of a 130% increase last year, the benchmark index passing a record 4000 last week. A buying frenzy fueled by small-time investor...
This was the company that merged with Daimler about 9 years ago hasn't been awfully successful. The company paid more than 30 billion dollars back, then, this deal was for 7. 4 billion dollars for 80% of the company. In effect, Chrysler is coming ho...
Alfred Broaddus is the former president of the Richmond Federal Reserve, he joins us now. Mr. Broaddus, it's always a pleasure to have you with us on Saturday, we appreciate it. Nice to be here. So, you know Steve Tang in chief was saying: Look, loo...
Microsoft is reportedly looking to ride the wave of MA, negotiating perhaps a buyout deal with Yahoo, will this pairing be enough to knock Google off its perch? Let's ask Walter Pritchard, he's managing director of Equity Research with Cowen Co. and...
We have more tonight on the subject of spending. But this has to do with the American household budget. Tonight, in the State of California alone, gasoline is now at an all-time record-high price per gallon, and food prices are rising sharply these...
In this presidential election, the big names are taking no prisoners in their quest for cash. And now Wall Street's big rollers are doling out the big bucks voting with money. Erin Burnett is Following the Money tonight. The numbers for the first qu...
Well, it's no secret the American auto sector is fueling the heat-increased competition, Americans' souring on American cars, the list goes on and on. But theres definitely a bright spot in Detroits future, in developing markets. Call it the new car...
He was never implicated in the Siemens bribery allegations, but Klaus Kleinfeld will have to pay the price. After a meeting of the supervisory board, Klaus Kleinfeld announced he would not be available for another term as CEO of the company. An unce...
This hatchback, or something like it, could be the car that saves Chrysler. Unveiled at the Shanghai Auto Show, the subcompact model is the latest by Chery Automobile, a Chinese company Chrysler hopes to partner with in Asia. The car is small and ch...
If you want one example why the dollar is so weak, look no further than housing. Home prices in Britain continue to soar despite many predictions that market would cool, so house price inflation is one big reason. The Bank of England is expected to...
World Bank President Paul Wolfowitz spent his two years in the job trying to build his credentials as the banker to the developing world. But one of his first decisions back in 2005 put his job on the line. On Friday, the World Bank released documen...
Alright, and now let's talk about Citigroup. Yes, It's gonna be a big story for next 24 hours, folks. So get ready. Put your seat belts on. CEO Chuck Prince is expected to announce an overhaul with his company's workforce that could affect, well, we...
At this year's New York Auto Show, GM introduced Americans to three concept cars that were designed in Korea. On this week's What Works, CNNMoney.com's Peter Valdes-Dapena says we should get ready for more international flavor from Detroit's automak...
Last year David Emory ditched his car. Now he relies on mass transit or his own two feet to get around. He works in transportation planning. So it seemed appropriate. It's nice not to have to, you know, worry about the upkeep of a car. You know, don...
