Archive for December 1st, 2009
GM chief Fritz Henderson resigns
In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned automaker its third boss in less than a year.
Dow at 14-month high
Stocks rallied Tuesday as worries about Dubai’s debt problems eased, gold hit a record above $1,200 and GE and Comcast moved closer to a deal on NBC Universal.
Henderson’s GM departure is no surprise
As one veteran Detroit observer put it, General Motors’ board of directors gave Rick Wagoner an endless amount of time to flop around, but they nearly strangled his successor Fritz Henderson on a short leash.
Oil rises on Chinese data and weak dollar
Read full story for latest details.
Auto sales limp towards end of rough year
The worst year for U.S. auto sales in decades isn’t getting much better yet.
Saab hangs on… for now
General Motors has put off a decision on what to do with its struggling Saab brand until the end of December, the company said Tuesday.
Where’s the next Dubai?
Dubai’s not the only onetime highflier that risks drowning in debt.
Jobless losing a health-insurance lifeline
Millions of long-term unemployed Americans and their families are at risk of losing their health insurance, as their eligibility for a 9-month health-premium subsidy expires.
Gold hits $1,200 an ounce
Gold prices crossed $1,200 an ounce Tuesday and closed at a record high as dollar weakness and easing of Dubai debt fears pushed the precious metal higher.
Treasurys slip as Dubai debt woes wane
Read full story for latest details.
