Ford Motor Co said on Wednesday that it expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the ballpark of foreign-based rivals.
Ford Motor Co said on Wednesday that it expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the ballpark of foreign-based rivals.
Oil fell 5 percent to below $44 on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.
U.S. stocks faltered in choppy trade on Wednesday, dragged lower by energy shares including Exxon Mobil , as the price of oil fell on concerns about curbed demand.
U.S. Treasury Secretary Timothy Geithner said on Wednesday that Group of 20 nations need to boost spending for as long as necessary to counter a severe financial crisis.
Nasa's Space Shuttle Discovery (STS-119) will blast off today from the Kennedy Space Center in Florida at 9:20 p.m. PST on a 14-day mission to complete International Space Station.
U.S. stocks edged higher in bumpy trading on Wednesday as a rise in technology shares helped temper unease about whether the government would soon lay out a plan to restore confidence in the banking system.
Oil fell $1 to below $45 a barrel on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.
Ford Motor Co said on Wednesday that it expects operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the ballpark of foreign-based rivals.
The U.S. is telling American International Group Inc it needs to spend less. Under directions from the Treasury, the bailed-out insurance company has a new expense guide for employees, limits on executive pay, and a committee that will oversee the company.
Oil fell toward $45 a barrel on Wednesday as further evidence of a large drop in global crude demand emerged.
Ford Motor Co said on Wednesday that it expected operating savings of $500 million per year from an agreement with the United Auto Workers that will push hourly wage rates into the ballpark of foreign-based rivals.
U.N. human rights investigators on Tuesday announced a global investigation into secret detention and said they would not relax scrutiny of U.S. counter-terrorism policies under President Barack Obama.
U.S. stocks rose on Wednesday, with the benchmark S&P 500 index attempting its first two-day advance in a month, as investors bet Washington would restore confidence in banks by relieving them of money-losing assets.
North Korea's Foreign Ministry on Wednesday accused the United States of preparing for a war against the communist state in Pyongyang's first verbal criticism of the Obama Administration.
UBS said earnings would remain at risk due to its exposure to illiquid and choppy markets, as it revised up its 2008 net loss, the biggest in Swiss corporate history, to include a large U.S. tax fine and extra writedowns.
Senior Chinese navy officers poured scorn on the United States in the wake of a weekend naval confrontation, with one saying the Americans are villains crying foul as fallout between the two giants simmered.
The world's advanced economies are moving too slowly in ridding banks of problem assets, which could jeopardize a global economic recovery in 2010, the head of the International Monetary Fund said on Wednesday.
Gone are the days of luxury California hotel retreats for executives of bailed-out U.S. insurance giant American International Group.
The U.S. Environmental Protection Agency on Tuesday proposed a comprehensive U.S. system for reporting emissions of carbon dioxide and other greenhouse gases, a step toward regulating pollutants that spur climate change.
Former U.S. Federal Reserve Chairman Alan Greenspan said lower rates on long-term, fixed-rate mortgages and not the Federal Reserve's policies are to blame for the U.S. housing bubble.
U.S. Federal Reserve officials were struck by the early apparent success the Bank of England's plans to buy government bonds and could further consider moving forward on a similar effort in the United States, the Wall Street Journal said on Wednesday.