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Standard & Poor's headquarters in New York's financial district

S&P Downgrade: How does it affect McGraw-Hill?

The amount of negative attention Standard & Poor's has received since its decision to downgrade U.S. long-term debt, would make it seem like the rating agency is public enemy number one.
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UAW, Chrysler Begin Contract Talks

UAW Contract Talks Begin: Will Union Get Previous Concessions Back?

The UAW has started contract talks with Chrysler. The labor union says it wants some previous concessions back. But management at Detroit's Big Three wants to avoid costly mistakes of the past. The companies want to reduce labor costs rather than give wage increases.
Unemployed worker Pollock carries a sign outside Cobo Center to demonstrate for jobs and good wages before start of press days at North American International Auto show in Detroit, Michigan

Detroit's dilemma: How to share gains with UAW

Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient investors with a 14-fold increase in its share price.
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Ford's June Sales Increased 11 Percent

Ford Motor Company posted strong sales results for June, up 10 percent from the same month one year ago. General Motors also showed a June sales increase, but its numbers were below analyst expectations.
Can Daimler partnership give China’s electric car startup BYD a lift?

Can Daimler partnership give China’s electric car startup BYD a lift?

If you’ve followed the auto industry for a while you’ll know that automakers are always sharing technology and projects in cross-collaborations that would normally make any paranoid hard-nosed capitalist weep in fear. But the latest firms to receive official blessing for a joint project might not be the strange bedfellows they appear at first.
Honda Fit

Honda, Subaru make best vehicles while Ford gains: report

Honda and Subaru still make the best vehicles overall, but Ford posted the largest gain in the past year, improving in its road-test and reliability scores, Consumer Reports said. Newer models such as the Flex SUV pumped up Ford's overall road-test score.
General Motors auto assembly workers lower an engine onto the chassis for Chevrolet Silverados and GMC Sierra pickup trucks at the Flint Assembly in Flint, Michigan

GM set to pay hourly workers at least $4,000 bonus

General Motors Co (GM.N) will pay its 45,000 hourly workers in the United States a bonus of at least $4,000 each, the automaker said on Monday. The average employee payout will be finalized by the end of February. The payments will be doled out on March 25, a company spokeswoman said.
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Obama's Remarks on Unveiling of the 2012 Federal Budget (Full Text)

The following is a White House Transcript of President Barack Obama's remarks on the unveiling of his proposal for the U.S. 2012 fiscal year federal budget as delivered at Parkville Middle School and Center for Technology in Baltimore, Maryland on February 14, 2011.

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