General Motors posted a $9.6 billion net loss in the fourth quarter, a period in which its sales plunged and it needed a federal bailout to avoid filing for bankruptcy. The company also disclosed that its auto operations... [full story]

President Barack Obama is sending Congress a budget Thursday that projects the government's deficit for this year will soar to $1.75-trillion (U.S.), reflecting efforts to pull the nation out of a deep recession and a severe... [full story]

Royal Bank of Canada reported first-quarter profit of $1.05-billion on Thursday, down 15 per cent from a year ago. The market environment shaved more than $600-million (after tax and lower bonuses are factored in) off of... [full story]

Gold is the most favored investment this year ahead of investment-grade bonds and other assets, according to a survey of investment advisers, the producer-funded World Gold Council said. About 60 percent of the 31 advisers... [full story]

They were chasing alpha; now they are eating crow. Caisse de Depot et Placement du Quebec, Canada's largest pension fund, reported a record loss of $39.8-billion as of December 31, 2008. As a result, total assets under allocation... [full story]

Conditions are going to "get worse before they get better" for Canadian banks as they struggle with a worsening economic environment, according to Ed Clark, chief executive of TD Bank. The country's second largest... [full story]

Federal Reserve Chairman Ben S. Bernanke said there may be a benefit in resurrecting a rule that restricts short-selling stocks when share prices are falling amid the current bear market.   "In the kind of environment... [full story]

Two New York fund managers were arrested on charges they misappropriated $550 million, alleging they used funds invested by charities, university foundations and pension plans to finance their luxurious lifestyles. Paul... [full story]

Bank lending to small businesses has dried up in recent months. One reason credit has grown scarce: They're risky loans. A new analysis of Small Business Administration-backed loans found that the failure rate has hit the... [full story]

Congressman Ron Paul again took the opportunity to lecture Federal Reserve chairman Ben Bernanke on sound money principles at this morning’s House Financial Services Committee hearing, warning that the financial crisis... [full story]