John Fleming News
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Movement on gun control and immigration in the U.S. Senate obscures an inevitable roadblock to either measure: a resistant Republican-run House.
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Wal-Mart Stores Inc.’s U.S. merchandising chief will leave the world’s largest retailer after a plan to remove some products from stores contributed to a decline in sales.
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The Republican-led U.S. House plans a vote today to temporarily suspend the nation’s borrowing limit, removing the debt ceiling for now as a tool for seeking deeper spending cuts.
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Ford Motor Co.’s new contract with the United Auto Workers will increase its labor costs less than 1 percent annually while allowing the company to offset that in efficiency gains, the company said.
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House Republicans may propose protecting fewer Americans from changes in Medicare as part of their effort to balance the U.S. budget in 10 years, lawmakers said.
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As the U.S. gross domestic product takes a hit from lower defense budgets, federal spending cuts viewed as unthinkable a few months ago -- $1.2 trillion falling heavily on the Pentagon -- are seen as likely starting March 1.
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Ford Motor Co. plans to hold back on discounting in Europe, even as it cedes market share in the region and the end of cash-for-clunker programs saps demand.
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U.S. House Republicans are weighing a short-term extension of the government’s borrowing authority as a way to spur President Barack Obama into negotiations on deeper spending cuts to entitlement programs.
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House Speaker John Boehner scrapped a plan to allow higher tax rates on annual income above $1 million, yielding to anti-tax resistance within his own party and throwing already-stalled budget talks deeper into turmoil.
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Ford Motor Co. will pay most of its United Auto Workers-represented employees a $6,000 signing bonus, $3,752 in profit sharing and a $250 “competitive bonus” this year under a new four-year tentative agreement, the union said in summaries today.
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