Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access to billions in federal bailout money. ...more

December 28, 2008

The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, Treasury Secretary Henry Paulson said Thursday as carmakers readied more plant closings and a half million new jobless claims underscored the deteriorating national economy. ...more

December 18, 2008

Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers. ...more

December 12, 2008

Bank of America Cutting 35,000 Bank of America said it will eliminate 35,000 jobs over the next three years because of the poor economy and duplications created through its merger with financial services company Merrill Lynch & Co. Inc. ...more

December 12, 2008

The company that owns the Los Angeles Times and the Chicago Tribune filed for bankruptcy protection Monday, seeking relief from $13 billion in debt that largely stems from last year's leveraged buyout of the media company. ...more

December 9, 2008

Ernie Haire Ford Inc. of Tampa has filed for bankruptcy protection, boosting to at least five the number of local auto dealerships that have faltered in the troubled economy. ...more

November 26, 2008

TAMPA Ernie Haire Ford Inc. of Tampa has filed for bankruptcy protection, boosting to at least five the number of local auto dealerships to falter in the troubled economy. On Monday, Ernie Haire filed for Chapter 11 bankruptcy, which will allow it to continue operating and to reorganize its finances while protected from its creditors. ...more

November 25, 2008

There's a new realization that holding a gift card from a troubled retailer is like having a bank account without FDIC insurance. ...more

November 23, 2008

Americans have slammed their wallets shut since the financial meltdown, and the future is looking downright scary for stores across the country and the whole U.S. economy. ...more

November 15, 2008

Recession or not, a Texas-based car dealership chain is moving ahead with plans to buy the closed Bill Heard Chevrolet in Plant City. ...more

November 12, 2008