Welch

In 2006, I wrote a post on the possible successors to General Electric Co. (GE) CEO Jack Welch, giving the winner of the succession battle a gentleman's C. Jeff Immelt, who took the baton from Welch, was presiding over a steady decline in GE's stock price -- it's down 70 percent since he took over....

For months, I've been hearing rumors and tales about incredibly cheap housing in high-foreclosure markets. In Detroit, for example, a house that cost $65,000 in 2006 recently sold for $1, and it's apparently fairly common to find houses in the $300 range. As in the case of the $1.75 house that...