Dec 11- A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union.» Read More
DETROIT, Aug 19- One of Detroit's biggest public labor unions on Monday became the first major party to file an objection to the city's bankruptcy filing ahead of a midnight deadline for challenges.
Mounting labor costs and militant unionism in South Korea have caused General Motors to reconsider its reliance on the country for a fifth of global production. CNBC's Phil LeBeau offers insight.
DETROIT, Aug 9- Before Detroit filed for bankruptcy in July, a team of analysts working with emergency manager Kevyn Orr met three times with labor unions but couldn't agree on a critical number: whether Detroit's unfunded pension liability was five times larger than previously believed.
Pope Francis has made several critical comments on world economic issues. Analysts say he's issuing a warning over the future of free market thinking.
Detroit's emergency manager has hired Christie's to appraise the art collection of the Detroit Institute of Arts Museum, reports CNBC's Robert Frank.
Discussing the unions' take on Obamacare, and the Cadillac tax, with Philip Dine, author of "State of the Unions," and Brian Pannebecker, UAW member.
Do you think it'd be nice to know how much a CEO makes compared with the typical amount made by an employee of his or her company? You're going to find out.
CNBC's Scott Cohn reports outside Detroit. A bankruptcy judge has said it is in the public interest to allow the city's restructuring to proceed and has halted the challenges in state court.
Detroit's bankruptcy is full steam ahead, reports CNBC's Scott Cohn. Reuters says the Michigan Appeals Court has halted the challenges to Detroit's bankruptcy filing.
Detroit has paid about $20 million in consulting contracts including Kevin Orr's law firm, and labor unions are wondering why the city is too broke to pay its retirees' pensions. CNBC's Scott Cohn digs into the battle, with Don Peebles of The Peebles Corporation.
DETROIT, July 22- Labor unions trying to stop Detroit from cutting pensions filed a new challenge to the city in bankruptcy court as the federal judge overseeing the case said he would hear arguments on Wednesday.
*France's Hollande pension reform ambitions may be limited. PARIS, July 21- President Francois Hollande may only manage a lightweight reform of France's indebted pension system, with trade unions preparing street protests and his own Socialist Party warning it would oppose painful measures.
Detroit Mayor Dave Bing says it is unlikely President Obama will bail out the city. Charlie Langton, Langton Law partner, believes the city will get a bailout, while Carol Roth, author of "The Entrepreneur Equation, is against it."
Detroit Mayor and NBA legend Dave Bing discusses the efforts his staff is taking to help those who still live and work in Detroit, reduce the city's debt and how they plan on working within bankruptcy to get back to prosperity.
Discussing the impact Detroit's bankruptcy is having on municipal bonds, with Alexandra Lebenthal & Co.
WDIV Detroit business editor Rod Meloni discusses the many causes for Detroit's bankruptcy. "This city is built on the old General Motors business model," says Meloni. It didn't work for GM, either.
CNBC's Brian Sullivan recaps how Detroit got to bankruptcy. Detroit Blight Authority founder, discusses his efforts to clean up Detroit. And Metro Detroit AFL-CIO president Chris Michalakis speaks about unemployment and the fight between labor unions and creditors in the city to get what they were promised.
*Strike could cut Colombia coal output nearly a third. BOGOTA, July 18- Eleventh-hour talks on Thursday between U.S. coal miner Drummond and a workers union in Colombia have achieved nothing, a union leader told Reuters, making strike action at the country's No. 2 coal producer increasingly likely.
JOHANNESBURG, July 15- South Africa's Chamber of Mines offered a 4 percent pay rise to gold industry workers on Monday, a fraction of the 60 to 100 percent demanded by trade unions in salary talks billed as the toughest since the end of apartheid in 1994..
BURNHAM-ON-SEA, England, July 10- Jack Horwood, from his quiet seaside town, has a message the new governor of the Bank of England will want to hear. The 23- year-old trade union worker and his girlfriend are saving diligently so they can afford higher mortgage payments on their house when Britain's record-low interest rates go up.