With reports circulating that Chrysler will file for Chapter 11 bankruptcy on Thursday, President Barack Obama has planned to address the fate of the beleaguered auto maker at noon Eastern time. Chrysler could not immediately be reached for comment as to whether the bankruptcy reports are true. You can order swine flu masks here >>>> ActiveForever 3M ™ Health Care N95 Particulat...

Google Inc (GOOG.O) closed its Mexico office for the day on Tuesday, as concerns of swine flu grip the country. The Internet company told staff at its Mexico City office to stay home out of “an abundance of caution,” a Google spokeswoman said. Google declined to comment on the number of employees that work at the Mexico City location, its only office in Mexico. Prepare For The Swine Fl...

General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand. See our stock pick of the week HERE The plan, which includes an offer to swap roughly $27 billion in bond debt for GM stock, would leave current shareholders holding just 1 percent of t...

DETROIT–General Motors Corp (GM: 2.03, 0.35, 20.83%) on Monday announced plans to close plants, cut hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper restructuring. The new viability plan was announced as GM filed plans for an exchange of $27.2 billion of bonds for common stock, warning that it would seek ban...

WASHINGTON–The U.S. Treasury’s plan to purge toxic assets from banks’ balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict of interest, the government’s bailout watchdog said on Tuesday. Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP: undefined, undefined, undefined%), said in a report...

How could you have missed that when you did your final filing review and hit “send” or dropped your return in the mail? What can you do about it now? As it turns out, plenty. The complexity of the tax code, coupled with the frantic lives most of us lead, means that there is ample opportunity for tax-filing mistakes. Sometimes the mistakes could cost you, like forgetting to inc...

A U.S. judge blocked the transfer of the personal wealth of swindler Bernard Madoff and his wife because it could be subject to forfeiture as various parties compete to lock down the assets for distribution to defrauded investors. The order on Monday by Judge Denny Chin, who oversees the criminal case against Madoff, came on the same day a bankruptcy court judge approved the appointment of an inte...

Secretary of State Hillary Clinton said Monday she hopes Iranian calls for a reexamination of the spy case against Iranian-American journalist Roxana Saberi will lead to her speedy release. Both Iranian President Mahmoud Ahmadinejad and the country’s judiciary chief have stressed the need for a fair appeal for the detained reporter. Top administration officials from President Obama...

We will let you make your own decision on this one. The author, David Wilkerson, is definitely well respected and NOT a nut job. You make the call… . AN URGENT MESSAGE I am compelled by the Holy Spirit to send out an urgent message to all on our mailing list, and to friends and to bishops we have met all over the world. AN EARTH-SHATTERING CALAMITY IS ABOUT TO HAPPEN. IT IS GOING TO BE SO F...