Editor’s Note: “Don’t look now… but the BRICs are falling,” says The Sovereign Soceity’s global investment expert Mike Burnick.

High gas prices and fading consumer confidence took a heavy toll on the automotive industry in March, as sales for each of the four largest automakers plummeted.

Airbus Lands in Hot Water; Ford Fishtails in March; Microsoft Won’t Raise Yahoo Bid; SCA Sues Merrill Lynch; Big Oil Brought Before Congress; $10.9 Billion Blackstone Real Estate Fund; Gold Prices Sink; Indonesia’s Inflation Soars