Financial news on December 20th, 2008
Business and Financial news
By eschewing any federal assistance, Ford runs the risk of falling behind G.M. and Chrysler. Read more..
Jeffrey A. Joerres, chief executive of Manpower, spoke about the global employment outlook for a wide range of industries. Read more..
The Canadian and Ontario governments have already promised to provide support equivalent to about 20 percent of any American package. Read more..
One of the nation’s leading philanthropies, the Picower Foundation, announced that it was shutting down. Read more..
The compensation for five of its top managers and its former chief executive was $26.8 million for the fiscal year ended June 30. Read more..
In India, banks usually don’t lend money to people who lack the means to pay it back. Any lessons to be learned, class? Read more..
Bernard L. Madoff’s fraud, the first worldwide Ponzi scheme, lasted longer, reached wider and cut deeper than anything like it in history. Read more..
Bernard L. Madoff will be placed under house arrest and will hire guards to watch his building, prosecutors said. Read more..
It is often surprising to see which ShortCuts columns stir up emotion and which seem to sink with barely a murmur. Read more..
Treasury officials are expected to wait until next year when Congress returns to ask for the rest of the bailout money. Read more..