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General Motors Co

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  • GM’s Pension Fund Stays Afloat, Against the Odds Tuesday, 25 Nov 2008 | 11:28 AM ET

    Despite its overall troubles, General Motors appears to have enough money in its pension fund to last a decade or more, the New York Times reports.

  • Alan Mulally

    It's not quite guilt by association, but it's close. Ford, by virtue of being one of the Big 3 and because its finances are weakened, has been lumped in with General Motors and Chrysler as an auto maker needing a bailout. Somewhere in Dearborn, Michigan Ford CEO Alan Mulally is doing a slow burn.

  • The Insurance Industry's Safest New Cars Tuesday, 25 Nov 2008 | 6:36 AM ET
    Ford Taurus X

    The Insurance Institute for Highway Safety designated 72 vehicles as winners of their top safety pick award. The award recognizes vehicles that do the best job of protecting motorists in front, side and rear crashes and have anti-rollover technology called Electronic Stability Control, or ESC.

  • The Big Three

    "As someone is who is ultimately going to be affected by the 'auto bailout', I am torn. Part of me would really like to see the financial system work and the Detroit 3 file for bankruptcy. I don't think they get it...

  • GM Ends Endorsement Relationship With Tiger Woods Monday, 24 Nov 2008 | 12:39 PM ET
    Tiger Woods hits out of a bunker on the eighth green during a playoff round at the US Open golf tournament, Torrey Pines Golf, San Diego, California.

    GM insists discussions had started earlier in the year, but it seems like more than just a coincidence that just as GM is slammed for overspending (i.e. on those private jets) it's very publicly dropping its high-paid spokesperson.

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 24 Nov 2008 | 10:51 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Big Three’s Troubles May Touch Financial Sector Monday, 24 Nov 2008 | 10:40 AM ET
    The Big Three

    The foundering Detroit automakers owe more than $100 billion to their bankers and bondholders, and Wall Street is starting to wonder how much of that will be paid back, the New York Times reports.

  • Auto Bailout: Time For Big 3 And UAW To Deal Monday, 24 Nov 2008 | 9:56 AM ET

    Have you been listening to political leaders talk about what it will take for the Detroit 3 and the UAW to get Washington to sign off on a bailout for the industry? If so, you've heard several key words and phrases used to describe what the auto makers need to do.

  • The key audacity was Rick Wagoner’s claim that he shouldn’t step aside because nobody else would really know how to successfully run General Motors. With a huge salary, big bonus, hot and cold running jets and a constant supply of new cars to drive, it’s understandable that Rick doesn’t want to give up his job. But he should.

  • Holiday Shopping with Deflated Stocks Monday, 24 Nov 2008 | 9:09 AM ET

    Still feeling shocked by how much your portfolio has fallen in value in the past couple of months?  With the holidays upon us, here is a look at the purchasing power those shares still have.  After all, a share of Berkshire Hathaway can still buy you a Porsche 911.

  • Pops & Drops: Hewlett-Packard, JP Morgan & Air Wagoner Friday, 21 Nov 2008 | 10:34 PM ET

    Following are the week’s biggest winners and losers. Find out why shares of Hewlett-Packard popped while JP Morgan and the New York Times dropped.

  • President-elect Barack Obama's announcement of an economics team Monday may soothe some tensions in financial markets, but investors will keep their eye on the economy, credit crunch and most particularly, Citigroup.

  • In the past we've had some harsh words about Tim Geithner, the President of the New York Fed and now Barack Obama's choice to head the treasury department. As Jim said on tonight's show, however, we're going to keep an open mind and give Geithner a chance. Jim predicted Geithner would get tapped for Treasury, and though we had hoped for someone else, we're giving Geithner the benefit of the doubt.

  • Dow Back Above 8,000 After Geithner Pick Friday, 21 Nov 2008 | 5:25 PM ET

    Stocks rallied Friday, with the Dow soaring nearly 500 points,  following news that Obama has picked Geithner as Treasury Secretary. Friday's gains helped offset much of the week's losses, pushing the Dow back above 8,000.

  • Next Time, Will the Big 3 Drive? Friday, 21 Nov 2008 | 3:57 PM ET

    The one thing everybody seems to remember from the auto bailout hearings this week is the private jets.

  • More Losers Than Winners This Year Friday, 21 Nov 2008 | 3:53 PM ET
    Shoppers rush to get in line outside of the Best Buy early Friday, Nov. 24, 2006, in Jackson, Miss., to take advantage of the Black Friday bargains. (AP Photo/Rogelio V. Solis)

    Discount and dollar stores are back in fashion and back in the black. Just about everyone else has his back to the wall.

  • GM To Cut Production, Extend Holiday Shutdown Friday, 21 Nov 2008 | 3:34 PM ET
    GM logo, General Motors logo

    General Motors will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.

  • Dow Jumps Over 300 Points on Geithner Pick Friday, 21 Nov 2008 | 3:33 PM ET

    Stocks woke up Friday following news that President-Elect Barack Obama is expected to announce two key cabinet posts.

  • Layoffs, Once a Boon to Stock Prices, Now a Burden Friday, 21 Nov 2008 | 2:09 PM ET

    Back when things made sense in the stock market, a company announcing layoffs would be greeted as a positive sign that it was shoring up its bottom line.

  • Stocks Rebound but Fear Remains; Citi Gains Friday, 21 Nov 2008 | 12:09 PM ET

    Stocks bounced back Friday after a two-day selloff that saw major indexes crash through support levels and shaved 872 points off the Dow.