SILVER SPRING, Md.— Hillary Rodham Clinton on Thursday offered some support for a proposal in the Senate that would raise the federal minimum wage to $12 an hour, hinting that the higher rate sought by labor unions doesn't have enough support. Patty Murray that would increase the rate to $12 an hour by 2020, which is several dollars less than the $15 backed by labor...» Read More
Delta Air Lines is looking to cut 2,000 jobs, or more than 3 percent of its work force, as the No. 3 U.S. airline struggles with high fuel costs. And UAL, the parent of United Airlines, said it will tackle fuel costs by making cuts to its fleet of aircraft.
Delta Air Lines prepared to announce an overhaul of its operations Tuesday as a possible combination took a precarious turn after its pilots union declared that talks with its Northwest Airlines counterpart ended without a seniority deal.
Here's something that should make you realize what crazy times we are living in: 9-year auto loans are popping up around the country. That's right, it wasn't a typo. Nine years! 108 months! Almost a third of the time used to pay off a conventional mortgage!
General Motors said Tuesday it will close a seventh facility next week as the impact from a strike against American Axle & Manufacturing continues to widen for the No. 1 U.S. automaker.
Usually, when the United Auto Workers strike it's pretty big news. Usually, when the picket lines form, Detroit gets nervous. Usually, when the rhetoric heats up, so do the heart rates of executives running the Big 3. Not this time.
Sen. Barack Obama won an endorsement from the powerful Teamsters union, critical labor support for the Democratic front-runner with upcoming contests in Ohio, Texas and Pennsylvania.
I hear it all the time from car buffs, Chrysler fans, and those who lament the struggles of the American automakers. It goes something like this: "Why is Chrysler cutting back here in the U.S. and looking to expand overseas?"
I spoke exclusively with Michael Lynton, the Chairman and CEO of Sony Pictures Entertainment, about the impact of the work stoppage on his business, and on Hollywood. The video clips are below. Sony's business if focused largely on making movies, which have a long time horizon, so Sony fared much better than its rival studios that own TV networks.
The 100 day-long writers strike is officially over. After voting overwhelmingly to return to work Tuesday afternoon, writers returned to the job. It's clear just driving around Los Angeles that things are picking up again--the traffic's much worse! (No joke). Writers and the studios are rushing to throw together pilots for the fall TV season.
General Motors will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
It's about time. The writers guild strike is coming to an end and Hollywood should be back at work by Wednesday. The Writers Guild leadership unanimously approved the tentative deal made with the studios, and now the only step left, is the Writers Guild membership vote on Tuesday at the Writers Guild theater.
A deal has been struck between the major media companies and their striking writers, former Walt Disney chief executive Michael Eisner revealed on CNBC.
Yes, the game was incredible. So good, you could argue that, for once, the Super Bowl commercials took a back seat to the game. But for two automakers, Audi and Hyundai, the big game was big chance to show off two big models. Audi's spot for the new R8 ran early in game and played off the famous scene in "The Godfather"...
Informal talks between representatives of Hollywood’s striking writers and production companies have eliminated the major roadblocks to a new contract, which could lead to a tentative agreement as early as next week, according to people who were briefed on the situation but requested anonymity because they were not authorized to speak.
The Writers Guild strike is 12 weeks old and wreaking havoc on the TV biz. There's no new scripted programming. The Oscars are less than a month away, and with no promises yet from the WGA that they won't picket, there are serious fears it could turn into another movie-clip heavy press conference. We've got reality TV alright, tons of it--but the viewers aren't satisfied.
In asking you last week if now is a good time to buy a new car or truck, I was struck by how many people said, "Now, is not the time, but this spring it will be. That's when the auto companies roll out big discounts as sales slow down." Seems we've all become conditioned to expect spring sales.
Film and television studio Lionsgate on Thursday said it reached an interim agreement with the Writers Guild of America enabling striking Hollywood writers to work on its projects.
I've been talking to reliable sources, and Lions Gate is about to announce an interim deal with the Writers Guild. It makes sense for a number of reasons--it allows them to produce the next season of Weeds and Mad Men and get those popular shows on air without delay.
Hollywood was hibernating and now there's finally a thaw. Thanks to the DGA making a deal with the AMPTP, the Writers Guild is in its third day of 'informal talks.' There were even more informal talks before this, but apparently these don't quite count as official just yet.
On the Ford 4th quarter earnings conference call, CEO Alan Mulally confirmed what we expected (more buyouts for Ford's hourly workers) and made it clear, this may not be the end of the cuts.