General Motors Corp. shares hit their lowest price since 1949 in the opening minutes of trading Friday as financial turmoil and a weakening global auto market heightened worries that the automaker may be unable to pull out of its nosedive before it runs out of cash. ...more

October 10, 2008

Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. ...more

August 23, 2008

Standard & Poor's Ratings Services on Thursday cut its ratings for all three of the U.S.-based automakers further into junk status, citing worries about their mounting cash losses and the continued deterioration of the U.S. auto market. ...more

August 1, 2008

Credit-rating agencies are betting that the housing downturn will deepen well into next year, dragging out homebuilders' woes. ...more

June 11, 2008

A downgrade of bond insurer Ambac Financial Group Inc. is likely to have far-reaching effects, making it more difficult for cities to issue new bonds and forcing further write-downs at financial services companies, analysts said Friday. ...more

January 19, 2008

Media company Viacom is ditching DoubleClick as the primary provider of online advertising to its Web sites, replacing it with a rival platform owned by Microsoft ...more

December 19, 2007