WASHINGTON, March 12- The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.» Read More
General Motors Chairman Ed Whitacre Jr. says he is putting engineering chief Mark Reuss in charge of GM's North American operations in a management shakeup.
There's a change at the top for General Motors as the U.S. government (and the Board) flexes its muscles and dictates company policy. As we have said on many occasions, assistance from the U.S. government comes with a high price and lack of independence is at the top of the list. So Fritz is out.
GM abruptly fired CEO Fritz Henderson Tuesday, saying it wanted to chart a new course as it continues restructuring. "The board decided—and Fritz agreed—that it was time to make some changes,'' a GM spokesman said.
US auto sales edged higher in November, led by an outsized gain for Hyundai and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.
Well, as best the Mad Money host can anyway. No doubt stocks are sending some mixed messages.
More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.
Thousands of drivers on the nation's roads don't carry auto insurance, despite laws in all but two states requiring it.
Ever wished your cab driver would stop nattering and just get to where you're going? Well the new driverless cabs being trialed at London's Heathrow airport could be for you.
The Transportation Department imposed its first penalties for runway delays Tuesday, collecting $175,000 from three airlines for leaving 47 passengers of a regional jet stranded overnight in Rochester, Minn.
The Miles family is changing it up this year in the annual American race to make it to the table for Thanksgiving dinner. Instead of booking plane tickets, they opted to take the 1,100-mile trip by train.
Japan's Hitachi said on Tuesday it expects a delay of a few months in clinching a British high-speed railway deal worth over $5.6 billion -- a deal it hopes will add momentum to its push into the overseas market for eco-friendly trains.
Cramer interviews CEO Herbjørn Hansson.
A top industry analyst says the U.S. auto industry will recover only a little next year because of a weak economy.
Having a hard time figuring out what to buy in this market? The Mad Money host highlights his top picks.
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
These companies help to satisfy China’s voracious appetite for commodities.
Steve Bierfeldt had a little tin box, packed in plain view in his carry-on bag, when he went through airport security in St. Louis last March. He often carried the little box, he later told me. But this time, the box would become a big deal.
The still financially troubled airline industry is experimenting with selling more products and services to fliers, the New York Times reports.
Harley-Davidson looked like a runaway bike down a steep mountain not long ago, but consumers may be returning as the economy recovers and luxury spending turns more positive.
As the economic slowdown peters out and recovery shoots arise, governments are still making good on their promises of infrastructure spending in their massive stimulus packages. And it may be just the time for investors to make money off these government-initiated projects.