What went wrong with Lockheed Martin?
Lockheed Martin Corp. spent nearly twice as much on lobbying during the first quarter of 2009 as it did during the previous three months as it aggressively campaigned to save key weapons programs ahead of a budget shakeup in April.
Two U.S. banks fail, first casualties in 2009
Reuters - Bank regulators closed two small banks on Friday, the first U.S. banks to fail this year but the latest in an upsurge that began last year as the struggling economy and falling home prices took their toll on financial institutions
Toyota and Honda cut more output
Reuters - Japan's top two automakers, Toyota and Honda, will slash output further to counter swelling inventories as auto sales slump, while third-ranked Nissan is seen shifting some output abroad to cut costs.
Bank of America gets big government bailout
Reuters - Bank of America Corp was rescued by the U.S. government on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets to cushion the blow from a deteriorating balance sheet at Merrill Lync...