Ford (F) in a Ditch
Saddled with unpopular trucks and SUVs, the carmaker said it will cut fourth-quarter production by 20% -- and it may be hunting for a partner.
Ben Bernanke and his Fed fellows voted not to raise rates in August for the first time in 17 meetings.
The Sound of a Bubble Bursting?
August data left no doubt that housing has the blues. Sales of new and previously owned homes tumbled, inventories got fatter, and luxury builder Toll Brothers (TOL) waxed pessimistic.
Indra Nooyi was named CEO of PepsiCo (PEP), and Pfizer (PFE) named Jeffrey Kindler to replace Henry McKinnell Jr.
Dell's (DELL) dismal summer got even worse, as second-quarter profits sank by 51% and the SEC starting poking around.
Onetime investment banker extraordinaire Frank Quattrone cut a deal with the feds and may be back in business before long.
By Harry Maurer