After being soundly criticized earlier for taking corporate jets to Washington D.C., the CEO’s of the Big Three have decided to road trip it this time. Of course, whether their newfound disgust their own extravagance will be enough to save them is whole another matter. Congress, after all, just loves its show trials and for some reason car guys are among their favorite whipping boys. In t...
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WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Tuesday he plans to offer some sort of legislation for ailing U.S. automakers on Monday.
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General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
Stocks in the U.S. finished on the upside Tuesday, as General Electric narrowed its earnings forecast and the Big Three automakers returned to Capitol Hill hoping to secure a bailout.
Stocks on Wall Street ended a positive day with solid gains as the Big Three automakers returned to Capitol Hill and GE tempered profit guidance. Frank Curzio reviews the action in The Real Story video (above).
The Big Three try, again, to convince Congress they deserve a $25B loan.
DETROIT (Reuters) - General Motors Corp on Tuesday asked the U.S. government to save it from failure by extending $12 billion in loans and another $6 billion in credit as part of an unprecedented federal intervention into the struggling auto industry.
Debra Borchardt reviews the most-searched stocks on TheSteet.com. Among the names are automakers GM and Ford and machinery companies like Caterpillar and John Deere.