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Monday, March 30, 2009

Video: A Breakdown Of The GM & Chrysler Restructuring Plan

03/30/09 The announcement of the Obama Administration's plan to restructure the US automarket has become the sessions biggest news story as layoffs, deadlines and possible bankruptcy talks have taken over the markets.

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Saturday, March 28, 2009

Video: London echoes of 1933 in G20 summit

London played host to an international conference on the global economy in 1933 that failed to achieve a united action plan.

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Video: Twitter looks to turn a buck

The social networking system says it's finally ready to sell an upgraded version of Twitter to businesses. Outside developers continue to create new applications for free usage with Twitter's blessing.

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Friday, March 27, 2009

Video: Tesla unveils Model S sedan

Tesla Motors looks for new sedan to put more drivers behind the wheel of the electric car. Starting at 49,000 (USD), the Model S goes 0-60 in 5.6 seconds and has a a top speed of 130 mph. The car's base price includes a battery with a 160-mile range between charges.

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Video: Task Force Supports Auto Industry Loans

03/27/09 The administrations task force backs more auto loans from the government, but could use it as leverage.

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Tuesday, March 24, 2009

Video: Geithner seeks new powers over financial co's.

Treasury Secretary Timothy Geithner asked Congress on Tuesday for broad new powers to regulate nonbank financial companies whose collapse could jeopardize the economy. AP's Jerry Bodlander reports.

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Video: Nintendo's Wii Finally Meets Demand

03/24/09 After almost a 3 year run of not being available to purchase by walking into stores, Nintendo's Wii console finally has managed to keep production in line with demand as retailers finally appear to have the item in stock on shelves.

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Sunday, March 22, 2009

Video: AT&T To Sell iPhone Contract Free

AT&T confirmed rumors and announced that it will make available a contract free iPhone for the first time ever.

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Video: AIG stays in the hotseat

For some taxpayers, AIG is now a symbol of what's gone wrong with the US government's bailout plan. Adding to the backlash, news from Capitol Hill that 13 recipients of U.S. bailout money owe more than $220 million in unpaid taxes. When those banks accepted bailout money, they had claimed they were paid up.

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Sunday, March 15, 2009

Video: Nintendo DS Sales Top 100 Million

Video game console maker Nintendo managed to make history this month as it managed to reach a total of 100 million global sales of its handheld DS console.

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Video: G20 Rift

As G20 Finance leaders meet, the US wants Europe to spend money on stimulus, while the Europeans want to see more regulation in the US.

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Video: AIG to pay $165M in bonuses despite bailout

American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

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Saturday, March 14, 2009

Video: Madoff 'may not' stay behind bars

Bernard Madoff pleaded guilty to swindling billions and could get up to 150 years in prison. But a former assistant U.S. Attorney says he foresees a reduced sentence because Madoff is the only one who can help get the money back.

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Friday, March 13, 2009

Video: Has the Market Hit Bottom?

03/13/09 There's much debating on the floor over whether the markets have hit bottom or the past few days are only bear market rallies, says broker James McGuire Jr.

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Thursday, March 12, 2009

Video: AT&T To Spend $350 Million On Natural Gas Vehicles

AT&T Incorporated announced today that in an effort to become greener and cleaner, the company will invest $350 million over the next five years to buy vehicles that run on natural gas.

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Raw video: Madoff arrives ahead of expected plea

Bernard Madoff arrived at the federal courthouse Thursday morning where the disgraced financier is expected to deliver on his lawyer's prediction that he will plead guilty to all 11 felony charges brought by prosecutors.

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Video: Is the 'Uptick' Rule Back?

03/12/09 The SEC considers reinstating a Depression-Era regulation in an effort to stabilize markets.

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Video: Madoff guilty plea little comfort to victims

Bernard Madoff's expected guilty plea leaves many of his ruined investors worried that the disgraced financier will take his secrets to prison with him.

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Wednesday, March 11, 2009

Video: Students react to a new face for Facebook

Facebook's homepage is getting a makeover. Starting Wednesday, users will be able to get real time updates on what their friends are doing. The move is being viewed as a way for the social network to stay competitive with Twitter.

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Video - Geithner: Toxic asset plan almost done

Treasury Secretary Timothy Geithner tells Charlie Rose in an interview that the toxic asset plan will provide low-cost government financing to private investors willing to purchase the bad assets on banks' balance sheets.

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Tuesday, March 10, 2009

Video: NeoMedia aims to save 'old media'

The Atlanta-based company says its mobile barcode-reading technology will breathe new life into traditional media by turning 2D images into 3G businesses.

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Video: The Overstock economy

In tough times consumers are looking for bargains, which has helped keep online department store Overstock.com in business.

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Video: Bernanke calls for regulatory overhaul

Federal Reserve Chairman Ben Bernanke says the U.S. financial regulatory system must be overhauled to strengthen oversight of banks, mutual funds and large financial institutions whose collapse would put the entire economy in peril.

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Monday, March 9, 2009

Video: Merck buys Schering-Plough

After years of speculation, drug giant Merck will pay $41 billion to take over rival Schering-Plough The deal will give both companies marketing partnerships and cost savings. Merck says it will maintain its dividend and save $3.5 billion a year. Bobbi Rebell reports.

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Video: Apple Soon To Be #1 Mobile Applications Provider

03/09/09 After reigning atop the mobile application market for many years, Microsoft's Windows Mobile OS finds itself on the downside as Apple's App Store has managed to acheive in 9 months what Microsoft acheived in 9 years.

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Video: Circuit City stores close for good

What began 60 years ago as a humble television store in Richmond, Virginia ended Sunday as Circuit City closed its doors for good.

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Video: Money Saving Advice Online

03/09/09 Google launched a new website that allows users to give and rate money saving tips.

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Saturday, March 7, 2009

Video - Lawyers: Madoff plea could occur next week

Bernard Madoff has taken steps that suggest he could plead guilty as early as next week to charges that he carried out one of the biggest financial frauds in history, lawyers say.

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Friday, March 6, 2009

Video - Money Minute: British Airways, Google, Oil

British Airways's corporate credit rating has been cut to junk status by Standard & Poor's. The AP's Mark Hamrick reports.

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Video: Personal Computer Sales Continue To Slide

03/06/09 According to research firm IDC, personal computer sales not only slumped during the 4Q, but are expected to slump even further during the first half of 2009.

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Video - First Person: GM workers watch as finances dim

General Motors workers in Michigan talk about the state of the company's finances as talk of bankruptcy rises.

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Video - Your Money: Tips on cutting back

Times are hard, but there are several easy steps to make cutting costs easier. AP Personal Finance editor Trevor Delaney explains. E-mail your questions to yourmoney@ap.org

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Video: World's Poor are Hit the Hardest

03/06/09 The IMF warns that the poorest countries, which have largely avoided the financial crisis, are now feeling the effects which could have dangerous consequences.

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Video: Anheuser-Busch Inbev's 4Q Sales Fall Extremely Flat

Brewing giant Anheuser-Busch Inbev announced today that due to costs accrued from last year's takeover, the company's 4Q profit managed to slide by an astounding 95%.

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Thursday, March 5, 2009

Video: New jobless claims unexpectedly drop to 639K

The latest number from the Labor Department held a hint of promise for the economy, but still reflects significant unemployment - the worst in more than 25 years.

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Video - Newsmaker Interview: Marvin E. Odum

President of Shell Oil Company, Marvin Odum, explains Shell Oil's position on the proposed cap-and-trade legislation.

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Wednesday, March 4, 2009

Video - Money Minute: Beige Book, FDIC, Oil

The Federal Reserve's new snapshot of nationwide business activity showed the economic picture darkening over the last two months and revealed little hope for a quick turnaround. The AP's Mark Hamrick reports.

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Video: Obama orders overhaul of government contracting

President Barack Obama is changing how government contracts are awarded and who can get them. The president says the move will make the process more competitive and will save taxpayers up to $40 billion a year.

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Video: Carmakers put on show for trade fair in Geneva

The auto industry will put ecology and economy on display when the Geneva Motor Show opens to the public on Thursday, amid a grim backdrop of plunging sales, plant closures, lay-offs and threatened bankruptcies.

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Video: Facebook Addiction

A report on "Facebook addiction."

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Video - Your Money: Mutual Fund Managers

Choosing a well-performing mutual fund starts with a reputable fund manager. AP Personal Finance Editor Trevor Delaney explains. E-mail your questions to yourmoney@ap.org

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Video: Government to Provide New Loans

03/03/09 The government hopes to generate up to $1 trillion in news loans to stimulate the credit market.

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Tuesday, March 3, 2009

Video: Company works to bury Blackwater reputation

The Blackwater name is gone. So is the focus on the security business that made it famous. Now the founder who built the private company into one of the world's most respected -- and reviled -- defense contractors is stepping aside as its CEO.

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Video: Is the government on the right track?

03/03/09 Economists are split over the effectiveness of the government's actions, according to a survey by the National Association of Business Economics.

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Monday, March 2, 2009

Video - Money Minute: HSBC, Oil, PCs

European bank HSBC will cut 6,100 jobs in the United States and will shutter its consumer loan businesses here. The AP's Mark Hamrick reports.

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Video: It's all about AIG and Warren Buffet

03/02/09 Jennifer Lee, of Mogavero Lee & Co., says the main driving forces today are negative comments from Warren Buffet and AIG.

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Video: Lack of Clarity is the Biggest Problem

03/02/09 Philippe Gijsels, Fortis Analysts, says the biggest problem scaring investors isn't the weak data but the lack of transparency in the government's plans.

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