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LATEST VIDEOS
Can We Afford Gov't Workers and Pensions?
11/04/2009|FOX Business
Manhattan Institute's Steve Malanga argues states can not afford government retiree employment pay.
Rhode Island Shutting Down to Save $$
08/25/2009|Closing Bell
Gov. Donald Carcieri on his decision to shut down the government in an effort to save millions.
Anthony Scaramucci of Skybridge Capital and Mark Modica of Main Street Bondholders Coalition on the Chrysler bankruptcy.
Big Step Toward Chrysler-Fiat Deal
05/06/2009|Money for Breakfast
Judge gives okay bidding procedures.
Gettelfinger: Ford Agreement is in Place
02/24/2009|Opening Bell
UAW President on the Ford-UAW agreement.
Gettelfinger: Bottom Line is Demand
02/24/2009|Opening Bell
The economy's impact on the auto industry.
Presidential Task Force on Autos
02/16/2009|Money for Breakfast
New auto industry task force announced.
LATEST STORIES
GM Expects Sale of Assets to 'New GM' by Friday
| FOXBusiness| Markets
… debt and preferred stock, as well as 12% of the equity in the New GM. An independent trust that will pay for GM retiree health care will get 17.5% of the equity in New GM, with warrants to buy another 2.5%. The Obama Administration has …
Story|07/09/2009
Fallen on Hard Times, Postal Service Looks to Cut Costs
| FOXBusiness| Markets
… APWU has been an outspoken advocate of H.R. 22, a bill that would relieve the USPS of the obligation to fund retiree health - care benefits from its operating budget," said American Postal Workers Union President William Burrus in a statement …
Story|06/15/2009
GM to File for Bankruptcy, Split Into 'Old,' 'New' Firms
| FOXBusiness| Markets
… government will have the right to appoint one initial director. New GM will establish an independent trust to pay for GM retiree health care . The trust will be funded by a $2.5 billion note payable in three installments ending in 2017, and $6.5 …
Story|06/01/2009
GM Closer to Bankruptcy as Bondholders Reject Offer
| FOXBusiness| Markets
… the US and Canada would own around 72% of GM, and would be able to appoint board seats and control GM’s retiree health - care fund. The union’s retiree health trust would hold a 17.5% to 20% stake, while bondholders could still own …
Story|05/27/2009
FOXBusiness.com's Week in Review: May 18-22, 2009
| FOXBusiness| Markets
… a deal on the auto maker’s restructuring. An agreement was made to cut labor costs and change the terms of retiree health - care debt. This would need to be ratified by the 54,000 UAW-represented factory workers. This is one of the key …
Story|05/22/2009
GM's Henderson: 'We Need to Move Fast'
| FOXBusiness| Markets
… in talks with the United Auto Workers union to see about cutting GM’s obligation to pay out $20 billion for retiree health - care funds. When asked to compare GM’s situation to goings-on at Chrysler, Henderson was quick to respond that …
Story|05/11/2009
The Outlook for Ford Motor « Emac's Stock Watch
Emac's Stock Watch
… However, Ford has won cost-cutting concessions from the UAW, frozen executive compensation, changed how it funds retiree health - care costs and sought more worker buyouts. Even so, the carmaker still has payments due to its health-care plan …
Blog|04/07/2009
UAW Boss Backs Ford Contract Concessions
Associated Press| Markets
… equity 50 percent of the payments that Ford is required to make into a union-run trust fund that will take over retiree health care expenses starting next year. In addition, the company's top two executives, Chief Executive Alan Mulally and …
Story|02/25/2009
Top Ford Execs Take Pay Cuts, More Buyouts Offered
Associated Press| Markets
… take as equity 50% of the payments that Ford is required to make into a union-run trust fund that will take over retiree health care expenses starting next year. The company owes the fund roughly $13.2 billion on a $23.7 billion liability …
Story|02/25/2009
UAW Reaches Health Care Trust Fund Deal With Ford
Associated Press| Markets
… says it has reached a tentative deal with Ford Motor Co (F) on how the company will fund a trust that will pay retiree health care expenses. The union says that a 2007 agreement with the automaker about funding for the union-run trust had been …
Story|02/23/2009
