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Three months after coming through a federally-financed bankruptcy, the new Chrysler Group still faces serious trouble with no quick solution in sight.
The carmaker may have been given a sleek and shiny new balance sheet, but the products on the showroom floor are the same stale cars and trucks from before and there’s not much […]

In my work, I often see people who don’t bother to read the key paperwork that governs their business dealings.
They can read, but they’re reluctant to go through documents of more than a few pages in length.
Almost half of Canadian adults (48 per cent) have low literacy skills, according to the Canadian Council on […]

The Federal Reserve is willing to work with U.S. lawmakers on ways to release names of companies that borrow from the central bank after a time lag so the disclosures do not disrupt markets, a Fed official said.
Scott Alvarez, the Fed’s general counsel, told the House of Representatives Financial Services Committee on Friday that […]

Imagine you’re a mid-level executive living in Grayling, Mich., the "Canoe Capital of the World." You’ve received a job offer that pays twice as much in posh La Jolla, Calif., the seaside resort near San Diego.
It sounds like a no-brainer, right? Not only will you earn all that extra money, you’ll be enjoying […]

Bank of America said Monday it will pay the U.S. government $425 million to end a federal backstop of assets related to its purchase of troubled brokerage Merrill Lynch earlier this year.
The government agreed to guarantee $118 billion in assets in January as part of a plan to help BofA absorb Merrill Lynch, which […]

A top executive for Chrysler Group, the carmaker that recently went through a government-sponsored bankruptcy, is having more than $1.4 milliion of his own financial headaches.
Jim Press, Chrysler’s deputy chief executive, has had a lien for $947,409 placed on his home by the Internal Revenue Service, according to records from Oakland County, Mich., […]

The United States wants world leaders to agree this week to launch a major rethink of the world economy in November as they try to strengthen the global economy after its near meltdown.
Documents outlining the U.S. position ahead of the September 24-25 Pittsburgh summit of Group of 20 leaders said exporters, which include China, […]

Ballpark — A mildly pungent jalape

The Bank of Japan upgraded its view on the economy and financial conditions on Thursday, paving the way for a broader debate next month on whether to start phasing out its measures to support corporate funding.
The BOJ also said exports and output were increasing thanks to a recovery in overseas markets, especially in emerging […]

Stocks gained Wednesday, pushing Wall Street to its highest level in a year, with a rise in industrial production and a spike in commodity prices and equities fueling the advance.
The Dow Jones industrial average (INDU) gained 108 points or 1.1%, closing at the highest point since Oct. 6, 2008. The S&P 500 (SPX) index […]