The United Auto Workers union announced Sunday it had reached an agreement with Chrysler, Fiat and the U.S.
UAW agrees to ‘painful’ concessions to save Chrysler
Tag Archives: treasury
Banker’s home attacked as pension fury grows
A warning of more attacks on UK bankers was made on Wednesday after the home of former Royal Bank of Scotland boss Fred Goodwin was vandalized. Windows were smashed in Goodwin’s house in the Scottish capital Edinburgh and those of a Mercedes-Benz limousine parked outside.
Five Lessons from the AIG Bonus Blowup
Last week, outlets reported that “the clock was ticking” for “embattled” Treasury Secretary Tim Geithner, with a few members of Congress openly calling for his ousting. His boss, President Barack Obama, was criticized for not engaging in the congressional furor over the $165 million in bonuses paid out to top executives at AIG — the insurance giant that has received more than $180 billion in federal money. This week Obama remains relatively untouched in the polls, and Geithner is basking in his best week of media coverage yet
Brown, bank chiefs thrash out G-20 plans
Top executives of leading international banks were meeting the British prime minister and treasury chief Tuesday to discuss kick-starting the global financial system ahead of next month’s G-20 summit. About a dozen representatives of U.S., Japanese, German and South African banks were at Downing Street to meet with Prime Minister Gordon Brown and Chancellor Alistair Darling, a spokesman for the Treasury said.
Global markets ride Wall Street higher
A triple-digit rally on Wall Street pushed global markets solidly into positive territory on Tuesday.
Asian markets ride Wall Street higher
A triple-digit rally on Wall Street pushed Asian and Pacific markets solidly into positive territory on Tuesday.
Yellin: Geithner faces a tough room
Slouching alone at the head table before a room of business reporters, Treasury Secretary Tim Geithner looked like an overgrown prep school student facing the expulsion board after violating the honors code. It wasn’t what he said, but his demeanor as he said it. Cautious, gazing out, he seemed to be shrinking from the room
On ’60 Minutes,’ Obama rebukes Cheney criticism
President Obama said in an interview aired Sunday that the hardest decision he’s made since taking office was to send more troops to Afghanistan. Also in the interview on CBS’ “60 Minutes,” Obama defended his decision to shut down the U.S. prison at Guantanamo Bay, Cuba, and he countered criticism from former vice president Dick Cheney.
Connecticut, 19 other states launch AIG investigations
Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by insurance giant AIG last week, with Connecticut’s top lawyer issuing subpoenas to CEO Edward Liddy and 11 other executives. Connecticut Attorney General Richard Blumenthal and the Democratic chairman of the General Assembly’s Banks Committee want Liddy and other executives to appear Thursday and bring with them “original or copies of documents regarding the AIG Financial Products Corp
The AIG Backlash: Has Congress Flipped Out?
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation.