Three regional banks fail
01.02.09
Three regional banks were closed Friday, bringing the total number of failed banks this month to six, as the financial crisis continues to take a toll on small banks nationwide.
Gas prices: Up 14% for the month
01.02.09
Gasoline prices edged higher Saturday and are now 14% higher from where they started the month, according to a daily survey of credit card swipes.
Rollout of rescue package delayed
01.02.09
After initially vowing to unveil a new financial rescue package this coming week, senior officials in President Obama's administration now say the rollout date is being pushed back an extra week.
Jim Collins: How great companies turn crisis into opportunity
01.02.09
As the author of such business classics as "Built to Last" and "Good to Great," management guru Jim Collins has made a career out of understanding why companies succeed. Yet for the past several years he's been deep at work with partner Morten Hansen on how companies manage to negotiate through turbulent times. It was a prescient choice, deeply relevant to today's environment, and a likely topic of a future book. Collins recently sat down with Fortune senior writer Jennifer Reingold to share some of what he's learned to far. Excerpts:
Keep your nest egg safe from Uncle Sam
01.02.09
Mark Vilrokx, 37, and Carine Beysen, 35, ought to ace retirement. The San Mateo, Calif. couple have great jobs - he's a manager at Oracle, she's a research director for a biotech company - and they earn a combined $210,000 a year. They have no mortgage, no student loans, no car loans, no credit-card debt. They're also diligent savers who put away a hefty chunk of their income every year for retirement.
Stocks: New month, more fears
01.02.09
After closing out the Dow industrials and S&P 500's worst January ever, investors might be hoping for a little breathing room before the next wave of negative reports hit. No such luck.
Uncle Sam wants you to buy a car
01.02.09
With auto sales at crisis levels, Washington is trying to figure out how to get Americans buying cars again.
Stimulus: And now a Senate fight
01.02.09
President Obama faces a tough week: The calls are growing louder for a new bank and housing bailout, and the Senate will take up its version of the economic stimulus package.
New York - the next housing bust?
01.02.09
The Masters of the Universe have been dethroned. Now the question is just how much Wall Street's meltdown is going to hurt the city of New York and, by extension, its high-priced housing market.