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WASHINGTON — Treasury Secretary Henry Paulson said Wednesday that the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities. In what could be his last speech as secretary, Paulson ... Read all

Paulson: Replace Fannie, Freddie - Denver Post
WASHINGTON -- The Bush administration abandoned efforts Wednesday to finalize a landmark increase in fuel efficiency standards, leaving a difficult decision to President-elect Barack Obama's administration in his first two months in office. The move ... Read all

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DETROIT — Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent ... more...

Is Chrysler a lost cause? - Medford Mail Tribune
Adolf Merckle, 74, a German billionaire, committed suicide after his business empire ran into trouble in the financial crisis, throwing himself in front of a train near his home, authorities and his family said. Mr. Merckle's body was found Monday in ... more...