Hot finance topics

Honda Motor Co. nearly tripled its annual profit forecasts and more upside may be ahead, with the company taking a conservative view on the yen and with the effect of easing government incentives unknown.
Honda (HMC), the world’s seventh-biggest car maker, has weathered the industry turmoil that drove two U.S. automakers to bankruptcy this year […]

Citigroup’s ongoing crusade to return to its former glory as a financial giant may have to wait just a bit longer.
On Thursday, the company reported a slim profit of just $101 million as credit problems, particularly within its consumer-related businesses, weighed down its third-quarter results.
But after taking into account the recent conversion of part […]

A member of the Cadbury family has described Kraft’s takeover bid for the British confectionery group as a “horror story.”
In comments to the Sunday Telegraph, Felicity Loudon, whose grandfather Egbert Cadbury was managing director of Cadbury Brothers, said she believed it was worth fighting to keep Cadbury out of the hands of North America’s […]

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 […]

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 […]

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, […]

The White House on Monday released the text of a controversial back-to-school speech to students from President Barack Obama.
Many conservatives have expressed a fear that the address would be used to push a partisan political agenda. In the text of the speech, however, Obama completely avoids any mention of controversial political initiatives.
He […]

Oilfield services company Baker Hughes Inc said on Monday that it would buy peer BJ Services Co for $5.5 billion in a move to take on sector giants Halliburton Co and Schlumberger Ltd.
The stock-and-cash deal values BJ at a 16 percent premium over its closing price on Friday, said the companies, whose boards have […]

or tried to turn in — to get their Cash for Clunkers deal.
View photos

DETROIT’S DOWNFALL

Last weekend for Cash for Clunker deals
Cash for Clunkers ending
Cash for Clunkers heading to junk yard
GM bringing back 1,350 workers
Clunkers: Toyota passes GM as top seller

NEW YORK (CNNMoney.com) — Cash […]