*Ford to end Australia production in Oct 2016. Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford Australia Chief Executive Bob Graziano said on Thursday, the latest election-year blow to the struggling Labor government.» Read More
With polls suggesting Republicans are set to re-take the House, it looks like the Democrats have a glass jaw to go along with that tin ear. And while scattered tea party victories gave the Republican establishment the thrashing it so richly deserved, the bad news is that none of it matters to our financial prospects.
The four largest health insurance companies in the US denied coverage to more than half a million individuals because of their pre-existing conditions from 2007 to 2009, according to a congressional investigation.
The heated contest for President Obama’s former Senate seat here could turn on a little-noticed factor: the generous backing of Wall Street donors.
Back East, at the corner of Broad and Wall Streets, the view is swell. The Dow is soaring, and bankers look pleased. But here on East Broad Street, in Ohio, the mood is gloomier. The NYT reports.
In her new book, YOU KNOW I'M RIGHT More Prosperity, Less Government she takes on today's toughest issues: the deficit, unemployment, health care, education, housing and immigration.
As Obama administration officials put into place the first major wave of changes under the health care legislation, they have tried to defuse stiffening resistance by granting dozens of waivers to maintain even minimal coverage far below the new law’s standards.
Could it have been the new Gallup poll that drove stocks up almost 200 points on Tuesday? That blockbuster survey, regarded by many as the blue-chip gold standard for election forecasting, pointed to an unprecedented Republican landslide tsunami in the generic congressional race. That blowout could include a GOP House gain of 65 to 70 seats, and a bare-majority 10-seat pickup in the Senate.
The Republican leader is focused on stopping any regulatory, tax, and trade barriers to job creation. When asked about the main agenda point for a GOP Congress, Boehner said, “Stop all the bad stuff.” I like it. Stop all the bad stuff.
Even the BP Gulf oil spill disaster hasn't made energy policy a front-burner election issue this year, but there's still lots at stake for voters and the economy.
A 53 percent majority—up from 46 percent three years ago and 30 percent in 1999—believes that trade agreements have hurt the U.S. overall, a new poll from NBC News and The Wall Street Journal finds.
The emergence of cash-flush challengers to vulnerable incumbents is changing the dynamic of several key races across the nation this election season.
Democrats and Republicans are locked in the same old fight they have been in for decades. You know the one, the fight about tax cuts and their role in stimulating the economy.
The Federal Reserve has not run out of options to boost the economy and must focus on managing people's expectations to avoid a prolonged slump like Japan experienced, former Fed Governor Randall Kroszner told CNBC Tuesday.
Tired of relenteless growth, some residents are trying to push through a referendum giving towns and municipalities more control over local development, reports The New York Times.
Midterm election years are usually before-and-after stories for the stock market. "The before is almost always negative and the after is almost always positive," says Sam Stovall of Standard & Poor's. This year, however, could be different.
Given historical patterns and current circumstances—a bad economy—the most likely election scenario is a Democratic rout, but midterms often surprise.
Players from the world of business and finance—CEOs, investment managers, entrepreneuers—often move into the world of politics and government and the 2010 election is no exception.
The co-chairs of President Obama's special commission on cutting the deficit say Social Security is high on the list, so why isn't it front and center in Congressional races?
Politicians are in full swing. Businesses are the scoundrels du jour and the proposals are flying fast and furious to regulate their behavior
Fannie and Freddie are poster children for the past unwillingness of politicians of all stripes—and the voters who elected them—to ask those hard questions about public policy and spending precious resources., says NYU professor Lawrence J. White.