MAN AG Buying VW Brazil Unit; Siemens Settles Probe for $2 Billion; Mattel Pays $12 Million for Tainted Toys; Ireland Banks Getting a Bailout; Housing Market Facing Confidence Collapse; Boeing Raises Dividend; U.S. Homes Lose $2 Trillion in Value
Short-sellers scrambling for cover sent shares of Volkswagen AG (OTC ADR: VLKAY) rocketing up more than $1,000 each Tuesday, to briefly give the German automaker the most valuable market capitalization in the world.
Las Vegas Sands Corp. (LVS) shares more than doubled yesterday (Wednesday) after Singapore’s government pledged support for the completion of a local $4 billion casino project.
Take our quiz: Is the market even close to normal anymore?… Credit freeze continues to thaw… Mayer and Denning on what companies need to rebound… Home prices fall again, consumer confidence crashes, but market rallies? … Eric Fry on when this global financial trauma will come to an end… Plus, want a DVD copy of I.O.U.S.A.? Get the details below…