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November 29th, 2006

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Problem Solving

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Ford mortgaged nearly all its domestic assets to raise $18 billion to pay for several more years of restructuring.

Boeing is adopting a new strategy as it faces a new wave of orders that, if not managed right, could swamp the company again.

The Nasdaq Stock Market said the move will help meet competition from rivals who are also expanding overseas.

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The income Americans reported to the tax collector in 2004 totaled $7.044 trillion, down from more than $7.143 trillion in 2000.

Wal-Mart Stores will make its $4 generic prescription plan available in 11 more states, expanding the program to all of its 3,810 pharmacies nationwide.

Wal-Mart Stores said it expected to offer banking services in Mexico by the second half of 2007. Eduardo Solorzano, the president of Wal-Mart de Mexico, or Walmex, said the company would initially finance its banking business with its own capital. Last week, Mexico approved the opening of five new banks, including one by Walmex. Mr. Solorzano said he hoped the companys banking division would bring it closer to its customers. The bank is expected to offer basic deposits and loans, including savings accounts linked to debit cards and checkbooks.

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