To the long list of troubles plaguing the financial industry, add three big ones — make that Big Three ones.
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Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward roamed the earth. They faded and were replaced by new companies with names like Microsoft, Southwest Airlines and Target. The U.S. became famous for this pattern of decay and new growth. Over time, American government built a bigger safety net so […]

WASHINGTON — The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition during a lame-duck session next week.
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Senator Christopher J. Dodd said Thursday that he did not think there would be […]

DETROIT — Just two months after celebrating its 100th birthday, General Motors is facing the grim prognosis that it may not survive to see another year unless it is rescued by a bailout from the federal government.
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Rick Wagoner, G.M.’s chief, said his company needed help immediately.

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DETROIT — Fall in this city has always felt a bit like spring elsewhere. It is traditionally the season of fresh starts for the hometown industry, a time when the auto companies get a jump on the calendar and begin shipping next year’s models to dealers.
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G.M. has sought […]

Here is a measure of just how grim the economic outlook is: It seems to make sense to pump billions more taxpayer dollars into Detroit’s automakers even though down the road they could quite possibly go bust anyway.
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Is General Motors too big to fail?
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Rick Wagoner, the chairman and chief executive of G.M., hopes the Treasury Department will help finance a merger of G.M. and Chrysler, salvaging the companies and his own legacy.

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Rick Wagoner would sure […]

WASHINGTON — The Bush administration is examining a range of options for providing emergency financial help to spur a merger between General Motors and Chrysler, according to government officials.
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DETROIT — Rick Wagoner is running short of time and options to save General Motors and salvage his legacy as leader of the world’s biggest automaker.
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Rick […]

DETROIT — Like a gas-thirsty S.U.V. crawling to the pump, General Motors needs to fill up fast with cash.
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Despite a broad overhaul since 2006, the nation’s largest automaker may soon have to raise new operating capital to offset a steep decline in United […]