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Between GM, Visteon, The Dow, And Madoff... A Busy Week In Business

Last updated on Friday, March 13, 2009

(UNDATED) - It’s been a, let’s call it, “eventful” week in business and finance this week nationwide.

New York financier turned "con-man" Bernard Madoff has pled guilty to enough felony charges to put the septuagenarian in jail for the rest of his life. Super-banks Citigroup and Bank of America say they are pretty-much done with bailout money and are ready to ride their bikes on their own.

The Dow Jones has had three days in a row in positive territory, and as of yesterday's close has gone up 10% despite Wednesday's flat performance, and may be looking for another close in the black today, although as of 12:30pm today it's been a see-saw.

CNBC's Jim Cramer and The Daily Show's Jon Stewart had it out Thursday night.

And, more locally relevant, Visteon Corporation has been added to CNBC.com's list of companies possibly going into default, as has Rite-Aid Pharmacy who operates a store in Salem, Claire's, a retailer who runs stores in malls in Bloomington, Columbus, Edinburgh, and Seymour, and Ford Motor Company.

However, General Motors has reported they won't need a $2 billion cash injection it originally requested for this month.

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