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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破产在即
美国债券保险商Ambac金融集团无力按时支付280万美元的债券利息。该公司已公开宣称，无论如何，它都会于今年底宣告破产。Ambac金融集团总部位于纽约，它表示，2023年将有7500万美元利率为7.5%的债券到期，而它决定不按时支付这笔利息。如果该机构在一个月内无法支付这笔款项的话，它有可能拖欠债务...
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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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!@#^% 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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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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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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保险公司为何回绝巴菲特
伯克希尔•哈撒韦对遇到麻烦的债券保险公司伸出援手，但是条件似乎太过苛刻，保险公司的股东没法接受作者：Colin Barr, Roddy Boyd伯克希尔•哈撒韦（Berkshire Hathaway）最近一次涉足债券保险业绝对是沃伦•巴菲特（Warren Buffett）的一贯风格。奥马哈城亿万富翁...
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