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Contracts Labor Unions


  • Chadwick: So What IS An American Car? Monday, 1 Jun 2009 | 10:53 AM ET

    With Chrysler and General Motors in bankruptcy and under the ‘de facto’ if not ‘de jure’ management of the U.S. Government, the hue and cry emanating from the pundits and politicians and television journalists and on and on wails, “What is left of the American auto industry?”

  • Stocks Slide 2% Amid GM, Credit Worries Wednesday, 27 May 2009 | 5:16 PM ET

    Stocks finished near session lows Wednesday as rising bond yields on government debt raised concern that borrowing costs are going to start going up and tamp down the economic recovery.

  • GM Bondholder Deal Still A Hope: White House Wednesday, 27 May 2009 | 4:38 PM ET
    General Motors logo

    The Obama administration continues to try to facilitate a long-shot debt-reduction agreement with reluctant General Motors bondholders despite a bankruptcy deadline.

  • Stocks Slide as GM Drags; Techs Gain Wednesday, 27 May 2009 | 2:06 PM ET

    Stocks got a quick pop Wednesday after a report showed existing-home sales rose in April  but quickly retreated as the previous day's optimism faded and GM stirred anxiety in the market. But tech stocks gained, sending the Nasdaq into positive territory.

  • GM Rattles the Market; Techs Gain Wednesday, 27 May 2009 | 12:17 PM ET

    Stocks got a quick pop Wednesday after a report showed existing-home sales rose in April  but quickly retreated as the previous day's optimism faded and GM stirred anxiety in the market. But tech stocks gained, sending the Nasdaq into positive territory.

  • Futures Mixed, Investors Hesitant Over GM Trouble Wednesday, 27 May 2009 | 7:53 AM ET

    Futures pared earlier gains Wednesday to indicate a mixed open for Wall Street as optimism from the previous day's consumer confidence data dwindled and was replaced by anxiety about what looks like certain bankruptcy for General Motors.

  • For UAW, It's Ratify Cuts or Lose It All Tuesday, 26 May 2009 | 4:34 PM ET

    This is the day current and retired UAW members at General Motors have been fearing. In stark terms union members are finding out just how much their benefits, their jobs, and what they've come to expect will be changing as GM restructures either in or out of bankruptcy.

  • GM May Seek 1-For-100 Reverse Stock Split Tuesday, 5 May 2009 | 5:38 PM ET
    General Motors logo

    General Motors says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.

  • As Detroit Is Remade, the U.A.W. Stands to Gain Thursday, 30 Apr 2009 | 11:37 AM ET

    In the devastating slump that has forced two of Detroit’s automakers to the brink of bankruptcy, the United Automobile Workers union stands to become one of the industry’s few winners.

  • Is This The Final "Fix" For GM? No Way Tuesday, 28 Apr 2009 | 10:00 AM ET
    Fritz Henderson

    GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GMs latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical.

  • Stocks Slide Amid Swine-Flu Fears; GM Soars Monday, 27 Apr 2009 | 5:39 PM ET

    Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.

  • U.S. Is Said to Prepare Filing for Chrysler Bankruptcy Thursday, 23 Apr 2009 | 3:39 PM ET

    The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday.

  • US Moves Closer to Becoming A Major Shareholder In GM Wednesday, 22 Apr 2009 | 3:49 PM ET
    GM auto dealership with sign.

    The government is increasingly likely to convert a $13.4 billion loan to GM into equity, giving taxpayers a big stake in the struggling auto maker, sources told CNBC.

  • Finally, A SAG Deal, But Does Anyone Win? Monday, 20 Apr 2009 | 1:49 PM ET
    Screen Actors Guild

    It's been a long 10 months since the Screen Actors Guild's contract with the major studios, the AMPTP, expired. But the long battle certainly didn't guarantee a victory. The proposed contract that SAG's board voted to approve Sunday is pretty darn similar to the deal the AMPTP offered nearly a year ago.

  • Chrysler CEO Says New Board Coming With Fiat Deal Friday, 17 Apr 2009 | 10:23 AM ET

    Chrysler Chief Executive Robert Nardelli says the U.S. government and Fiat will appoint a new board of directors if Chrysler joins forces with the Italian automaker.

  • Layoffs Not an Option for Some US Companies Tuesday, 7 Apr 2009 | 5:23 AM ET

    Revenue may be down and the pressure to slash costs intense, but some U.S. companies say job cuts are not an option.

  • Detroit Automakers' Sales Fall, but Less Than Feared Wednesday, 1 Apr 2009 | 3:29 PM ET

    March sales fell sharply for General Motors, Ford Motor and Chrysler, but not as much as industry analysts had feared for any of the companies. Sales of Japanese automobiles also fell, though less steeply than they did for U.S. automakers.

  • Automakers Set to Report Weak March Sales Wednesday, 1 Apr 2009 | 11:28 AM ET

    Automakers were set to release their March U.S. vehicles sales on Tuesday amid continued uncertainty about the future of U.S.-based car makers.

  • Screen Actors Guild

    Movie and TV schedules haven't been interrupted, so it's easy to forget that Hollywood is still mired in labor conflict. Screen Actors Guild members have been working without a contract since their deal with the studios expired last summer. Now a fringe group of SAG members are pointing fingers and calling names, asking the government to investigate the antitrust practices of the media giants.

  • The Twisting Road to Saving GM and Chrysler Thursday, 26 Mar 2009 | 12:03 PM ET

    If you thought March 31 would be the day the government would make a final pronouncement on GM and Chrysler, it's time to think again.