Canadian Press: "Greyhound Canada, long the mass transit lifeline to rural areas, announced Thursday it needs $15 million in public money and an end to regulatory red tape on money-losing routes or it will wind down its operations in Manitoba and northwestern Ontario."

CNNMoney.com has a great table adding up the cost of all the U.S. bailout programs (more than two dozen of them). It shows the total allocated so far is a mind-boggling $10.5 trillion (U.S.), with $2.6 trillion (U.S.) of that already spent. The sums leave one wondering if the cost ...

Further to a story on Barclays Bank plc published in the April 13, 2009 print edition of the magazine, Barclays  has confirmed it has passed a stress test of its finances administered by the United Kingdom's Financial Services Authority. Barclays stock soared on the news, rising to a 2009 high ...

A few minutes ago the Federal and Ontario governments announced that they're going to funnel $4 billion to GM and Chrysler to keep the companies afloat. Chrysler will get some cash fast — $250 million, out of the $1 billion allotted to them will end up in their coffers tomorrow, ...

Related to my earlier post about the Conservatives possibly helping Canwest, it looks like the American government is considering propping up it's troubled media companies too.

Just days after the Conservative government said they wouldn't give CBC any additional funds this year, Heritage Minister James Moore made it known that his party is looking at bailing out Canwest.

Former Merrill Lynch CEO John Thain spent over $1 million refurbishing his office and, as the Financial Times of London reported, was mulling over a $10-million bonus for himself while rushing through $3- to $4-billion in bonuses to Merrill Lynch employees that became effective Dec. 29 -- a day or so ...

Hail to the U.S. House of Representatives, which voted down the US$700-billion government bailout package and added fuel to the Wall Street selloff today.

The 25% plunge last week in the Baltic Dry index is not good news for those hoping for a mild recession in the global economy. The index measures the cost of shipping raw materials by ocean tanker and is considered a leading indicator of the direction of the world economy. ...