The Associated Press was abuzz late Thursday night with news that Bernard Madoff, former chairman of the Nasdaq Stock Market and founder of Bernard L. Madoff Investment Securities, had been arrested over an alleged $50 billion fraud scheme.  Madoff founded his small firm in 1960, and has since bee...

It wasn’t the $34 billion Ford Motor Co., General Motors Corp., and Chrysler LLC requested, but Monday Democrats drafted a proposal for a $15 billion auto bailout to aid the struggling American automakers.  The draft was then sent to the White House where it awaits the approval of the Executive B...

The Proposal The leaders of Ford Motor Co., General Motors Corp., and Chrysler LLC ditched their corporate jets for fuel efficient hybrid cars and drove the five hundred miles to Washington this week, intending to make a second appeal to Congress for a bailout.  The CEOs move to driving fuel effici...