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UAW Seeks to Regain Concessions as Contract Talks Loom
3:00PM 3/17/2011
Company News, Economy, People, Ford Motor Co, General Motors, Autos, Chrysler
UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW is eager to win back some concessions.
Given the level of public outrage over the government's rescue of banks during the financial crisis, the final cost to the taxpayer of keeping those failed institutions afloat turns out to have been relatively modest: The FDIC has paid out a mere $8.89 billion to 165 banks since the crisis began.
It's Not Too Late to Buy Into the Rising Stock Market
12:30PM 3/09/2011
Economy, Investing, Investing Basics, Market News, Investment
The S&P 500 has nearly doubled from its post-crash lows, and small investors are finally getting off the sidelines again. Normally, that would be a danger sign for a correction, but right now, all signs point to the upward stock market trend continuing in 2011. Here's why:
What Are We Getting for an Extra $1 Trillion in Federal Spending?
10:35AM 2/28/2011
Washington now spends that much more than it did a mere three years ago. But trying to figure out what we're getting for all that extra money is no simple matter. A lot of slicing and dicing does yield some answers -- none of which are very satisfying.
House Votes to End 'Car Czar,' 'Pay Czar' Posts
8:30AM 2/18/2011
Company News, Economy, American International Group, General Motors, Autos, Chrysler
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.
GM and Chrysler Will Pay Bonuses to White-Collar Workers
9:06AM 2/11/2011
Company News, Economy, General Motors, Autos, Careers, Chrysler
Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.
Union employees at Chrysler Group will receive a $750 bonus next week as an acknowledgment of their contributions in helping to revive the once-bankrupt company, the automaker said Monday. Salaried workers, excluding the company's top 50 executives, will also receive the payment.
Citigroup Promotes John Havens to President and COO
9:25AM 1/19/2011
Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the number of executives who report directly to CEO Vikram Pandit.
Bailed-Out Banks Remain in Danger of Failing: 98 Banks at Risk
7:30PM 12/27/2010
The number of government-aided U.S. banks in danger of failing has grown about 15% in the past six months, The Wall Street Journal has reported. The economy has continued to batter many struggling institutions, with 98 bailed-out banks -- up from 86 in the second quarter -- now at risk.
Treasury Nets $2.1 Billion in GM's Buyback of Preferred Shares
5:30PM 12/15/2010
General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year's bailout. The latest transaction cuts the government's stake in the rebounding carmaker to 33% from 61.5%.
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Next Page →Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.10 | -0.09 -1.04% | 149.19M | |
| 2.20 | +0.26 +13.40% | 94.27M | |
| 29.60 | -2.39 -7.47% | 23.82M | |
| 18.92 | -0.22 -1.12% | 23.49M |
% Gainers
| 32.67 | +8.77 +36.69% | 13.67M | |
| 88.72 | +12.33 +16.14% | 8.26M | |
| 2.20 | +0.26 +13.40% | 94.27M | |
| 10.56 | +1.16 +12.34% | 2.64M |
% Losers
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