Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
STERLING HEIGHTS, Michigan March 14- Fiat Chrysler Automobiles should see a better first quarter than the automaker had last year, its chief executive Sergio Marchionne said on Friday.
Chrysler is unveiling its largest and most technologically advanced factory in Sterling Heights, Michigan, just North of Detroit, reports CNBC's Phil LeBeau.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
March 14- Puerto Rico pulled off a blockbuster of a bond sale this week, sparing it from the threat of imminent default, but few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
LOVELAND, Ohio, March 13- When Kathleen Quinn and her husband recently moved from New York City to the Cleveland area, they never even considered renting. Three cities in the state- Toledo, Dayton and Cleveland- made the list of top 10 "no-brainer" markets, where you are almost certain to save more by buying instead of renting, in Trulia's latest "Rent vs.
The shuttering of Herculaneum in the town of the same name was a historic moment, bringing the curtain down on 120 years of lead smelting in Missouri.
*Senate, House say criminal investigation could complicate their probes. DETROIT/ WASHINGTON, March 12- General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should avoid weighing down their key rings with anything more than the key and fob.
NEW YORK, March 12- Puerto Rico's newly issued bonds rallied on Wednesday, a day after investors flocked to the high returns offered by the cash-strapped U.S. territory's $3.5 billion debt sale.
NEW YORK, March 12- Puerto Rico's newly issued bonds rallied in their first full day of trading on Wednesday as investors snapped up the debt after strong demand for the premium offered by the cash-strapped U.S. territory left its $3.5 billion issue heavily oversubscribed.
DETROIT, March 12- General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should still have only the key and fob on the key ring.
Detroit looks to emerge as at least a survivor if not a winner from its bankruptcy, with bondholders and municipal borrowers the biggest losers.
Puerto Rico should pay attention to lessons learned from Detroit bankruptcy, says CNBC's Jeff Cox
March 10- Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data.
DETROIT, March 7- General Motors Co needs to get through its ignition-switch recall and the resulting federal investigation quickly to avoid any lasting damage to its brand, but the federal probe could keep the problem in the public eye for at least six months.
DETROIT, March 6- Ford Motor Co Chief Executive Alan Mulally was awarded performance bonuses for 2013 worth $13.8 million, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.
WASHINGTON, March 6- Individual investors have been fleeing the U.S. municipal bond market for more than a year, and data released by the Federal Reserve on Thursday shows they now hold the smallest amount of the debt in more than seven years.
DETROIT, March 4- EcoMotors, a Michigan- based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works. FAW's manufacturing partners in China include Volkswagen AG, Toyota Motor Corp and General Motors Co.
GEELONG, Australia, March 6- Behind closed doors at City Hall, Geelong's eccentric mayor sits searching for an analogy to put into perspective the punishing job losses battering his city.
DETROIT, March 5- General Motors Co ratcheted up discounts in February on its full-size pickups, but it is telling Wall Street analysts that it intends to maintain premium pricing and margins on the trucks despite a drop in volume and market share.
DETROIT, March 5- General Motors Co is moving to learn more internally about its handling of the recall of ignition switches linked to 13 deaths, including questioning employees involved in the process from the start, according to two people familiar with the situation.