Economy Dec 01

No image
General Motors CEO Fritz Henderson Resigns

The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker.

Economy Nov 02

No image
Ford Posts Surprise Profit, Expects Profit in 2011

Ford Motor Co., the only U.S. automaker to avoid bankruptcy this year, posted a surprise $997 million profit in the third quarter and said it expects 2011 to be "solidly profitable." The report sent Ford's shares up 8.3 percent in…

The Latest