Consumer Retrenchment Cause for Deflation

First and foremost is the dramatic switch by consumers from a 25-year borrowing and spending binge to a saving spree that should extend a decade or more. In the 1980s and 1990s, consumers regarded their soaring...

Chrysler can legally sell assets to Fiat; Supreme Court Decision

The Supreme Court has cleared the sale of Chrysler's assets the Italian automaker Fiat. The decision will allow Chrysler to generate needed funds from the sale of some of its assets as part of a bankruptcy...