MA’ANSHAN, China — The Ma’anshan Iron and Steel Company recently opened a giant $3 billion steel mill on the outskirts of this city. The mill, which covers one and a half square miles and has its own power plant and shipping port, was built to help meet China’s seemingly insatiable appetite for growth.
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In just over six months, New York City has gone from being the home of the five largest, free-standing investment banks in the country to being on the verge of having none. The last two, Goldman Sachs and Morgan Stanley, announced on Sunday that they would transform themselves into more conventional banking companies, like Bank […]

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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Times Topics: General Motors Corporation
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 […]

As automakers dropped their latest batch of awful sales numbers on the market on Tuesday, reinforcing the gloom spreading across the economy, the troubles confronting American workers seemed to intensify.
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Economic Scene: Dispelling the Myths of Summer
(July 2, 2008)
Times Topics: U.S. Economy
The New York Times

Plummeting home prices have […]