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Obama On Labor Day: Recovery Program Is WorkingPresident Barack Obama is asking union men and women to help him resuscitate the struggling economy, saying "a strong labor movement is part of a strong economy." Obama traveled to Cincinnati Monday to speak to thousands of union members at a picnic. ... |
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The New Auto Industry Breakdown (INFOGRAPHIC)But unlike the 70s, when American automotive manufacturers faced a threat from the Far East, today that threat comes not only from that part of the world but from newer more nimble competitors such as Tesla, right here in their own backyard. Our infographic breaks it down. ... |
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Chinese Rulings Amplify Hybrid ParanoiaChina’s recent decisions to allow defaults on commodity future contracts and subsidize raw material imports are seriously messing with the commodities markets, giving voice to paranoia in every sector of the economy. In the auto industry, that means the now-familiar cries from those who wor... |
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Hedge-Fund Clients Flee CerberusInvestors in hedge funds run by Cerberus, whose bet on the U.S. auto industry went bust, are withdrawing more than $5.5 billion, or nearly 71% of the assets. ... |
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