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After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter.
From Reuters:
Because market conditions had changed significantly, Chevron delayed the unveiling of 2009 capital spending plans until later this month from December. It …

As many of you have probably realized, I am the only current blog writer on this site. I’m sure that this isn’t going to be the place where you find out what oil is doing from day to day (at least not yet), but the …

The Federal Reserve has granted GMAC, a major lender to GM dealers, the status of a bank holding company. This decision effectively gives GMAC access to the bailout funds for the financial sector.
This also came out today:
“While GMAC has not quantified its capital injection request …

It was another slow news day today so there isn’t too much in the business world to report about, however a Yahoo! news  headline grabbed my attention and didn’t make any sense the first two times I read it.
The headline: Toyota founding family scion dodges …

In a report from Reuters, it is discovered that the recent economic downturn has led to fewer tips for those whose salaries rely on them.
In some cases, waiters and waitresses are making half of what they normally made.
I have also been to a restaurant recently …