In the News
Automakers have been trying a variety of things over the last few months to erase some of the red ink from their books. Chrysler's new Italian management team is changing up a few things to bring the company's profits back to where they need to be. Fiat Group has decided to split the Dodge brand into two groups. One will focus on cars and the other one will focus on trucks. Chrysler Group LLC has also named executives to head the newly created groups.
Ford (F) is in the process of trying to unload its Volvo brand. A consortium of former Ford Motor Co. executives is reportedly in talks to buy the brand for $2.5 billion. Ford is remaining quiet on the details, but did say that it is currently in discussions with interested parties.
Former Qwest CEO Joseph Nacchio will not be leaving his minimum security camp anytime soon. The U.S. Supreme Court rejected the appeal of his 2007 insider-trading conviction, ending his final bid to get the conviction overturned.
Bank of America (BAC) is getting ready to name an emergency CEO just in case Ken Lewis is booted out before his year-end retirement. Rumors have been circulating that Sallie Krawcheck may be appointed to succeed Lewis, but she's doing a lot of dogging and weaving regarding that subject.
Video -- BofA Feels Pressure to Replace Lewis
People are still talking about the potential fate of troubled lender CIT Group (CIT). If the company is forced to file bankruptcy, a lot of people including taxpayers will lose money. However, Goldman Sachs (GS) may actually get a $1B check should the lender file Chapter 11.
A new report by Neil Barofsky suggests that the Bush administration lied about the health of the banks that received massive cash infusions.
Were bailed out banks healthy?
Here comes some more good news for cash-strapped consumers. AAA predicts that the price at the pump will continue to decline closer to the $2/gallon mark. The average price of gasoline is currently $2.51/gallon.
When Gas Hits '$20 Per Gallon'
Ciena Corp. (CIEN) has set its sight on Nortel's Ethernet division. The two companies have entered into advanced talks regarding a possible deal. Should Ciena be pursuing Nortel assets?
Dow Chemical Co. (DOW) is going green. The Midland-based company introduced a new solar roof shingle designed to convert sunlight into electricity.
Other Juicy Tidbits
The TARP bailout may have saved the economy from a second Great Depression, but taxpayers stand to lose between $100 billion and $200 billion on the program.
Time for a TARP Exit Strategy
Misinformation can be costly. Here are 10 notions that lead investors astray.
How Did Paul Krugman Get It So Wrong? -- How the economic guru of the Left went off the rails.
Obama, Geithner & Bernanke Have It Wrong -- The too-big-to-fail banks have only gotten bigger and much worse could be on the way. | 
