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Around 294,000 children became ill and at least six died when they drank melamine contaminated infant formula and the Chinese companies responsible are ready to compensate those families for their losses.
China’s Dairy Industry Association announced that 22 producers will make a one time payment to …

The IMF warned today of another Great Depression. After looking back at the Great Depression I just can’t see it happening.
In the 1920′s and 30′s depression, the government didn’t intervene before it was too late. Now, our government has taken many steps to stave …

Goldman Sachs posted a $2.29 billion loss today, its first loss since becoming a publicly traded company in 1999.
It lost $4.97 per share in the quarter ended Nov. 30, last year in the same quarter it earned $3.17 billion or just over $7 a share.
Other …

Half a million jobs vanished in the span of one month. Unemployment just one year ago was just over 4%, now it is almost (or over) 7%. It was 6.5% in October.
Analysts are predicting 3 million more job losses between now and spring 2010.
Not that …

Chevy Chase Bank, a Bethesda, MD based bank will be bought out by Capital One. Capital One will buy the bank for $520 million in cash and stock.
Capital One says it expects cumulative losses from the acquisition, but the purchase of the bank will give …