May 15 GM Plans 18 Percent Reduction in Dealer Network By PBS News Hour A day after Chrysler unveiled plans to close a quarter of its dealerships, General Motors followed suit Friday by telling about a fifth of its dealers their franchises will be terminated by late next year. Continue reading
May 15 How Does Executive Pay Compare Around the World? Question: How does U.S. executive compensation compare to their counterparts around the world, such as Japan, Europe, Russia, Turkey? Paul Solman: I don’t know what constitutes executive compensation in Russia, but compared to Japan, Europe, Turkey (Turkey?) and pretty much… Continue reading
May 14 Watch Analysts Mull Treasury's Calls for Derivatives Regulation The Obama administration has called for Congress to tighten regulation on risky trade derivatives, the kind of complicated financial instrument that brought down insurer AIG. Analysts examine what the move means for financial markets. Continue watching
May 14 Watch Senate Moves Closer to Reining in Credit Card Companies The Senate neared approval Thursday of a bill to rein in credit card companies, which could mean new rules will be in place by early next year. Ray Suarez reports. Continue watching
May 14 Chrysler Looks to Slim Down Dealership Network By PBS News Hour Embattled automaker Chrysler wants to shutter about 25 percent of its 3,200 U.S. dealerships by next month, stating in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other. Continue reading
May 14 What's the Story With Regulating Derivatives? By Business Desk Question: What’s going on with the just-announced regulatory reform of derivatives? Paul Solman: Plenty. And you could say it’s about time. One of the leading scandals of recent years (and that’s no easy feat, considering how crooked a track… Continue reading
May 13 Watch New 'New Deal' May Help Boost the Arts In partnership with KQED in San Francisco, NewsHour correspondent Spencer Michels reports on the prospect for a new "New Deal" for the arts amid the economic downturn. Continue watching
May 13 Watch Other News: Treasury Calls for System to Track Financial Instruments In other news, the Treasury Department called for a central electronic system to track risky financial instruments, including credit default swaps, and the Commerce Department reported retail sales fell for the second month in a row. Continue watching
May 13 Treasury Seeks More Regulation of Risky Derivative Trades By Admin, PBS News Hour The Obama administration is seeking new authority to oversee the virtually unregulated market for derivatives, a class of exotic financial instruments that includes the risky contracts that helped cripple insurance giant American International Group. Continue reading
May 13 After Layoffs, More Time to Focus on Art At the end of last year, "Joe Claus":http://www.joeclaus.com was working at a small electronics company in Silicon Valley doing photography, marketing and design. And then he got laid off. "I was pissed," he said. But there was an unforeseen upside… Continue reading