Steven Rattner

Republicans in the House of Representatives voted Thursday to eliminate the Obama administration's "car czar," as well as the "pay czar" who oversees compensation at companies bailed out with TARP money, and seven other presidential advisers.

Steven Rattner has reached an agreement with New York Attorney General Andrew Cuomo to settle allegations that the former "car czar" paid a state official to steer state pension-fund business to Rattner's Manhattan-based private-equity firm several years ago.

The Administration has had plenty of its appointees step aside, or withdrawing their name before being approved to their posts, due to indiscretions in their pasts such as dodging taxes or paying workers off the books. The latest problem with an administration official may be much more...

U.S. stock futures were mixed to higher Friday morning after General Electric and Citigroup reported quarterly results that beat analyst estimates. Without much economic data on the docket today, investors will likely focus on earnings now that the first week of results is over and more potential...

Former General Motors Corp. (GM) President Charles Wilson once famously quipped, "What's good for General Motors is good for America." That statement was made in the 1950s, when GM's dominance of the automotive world was unquestioned. Things have changed quite a bit since then, of course, though...