1.
U.S. markets recover from steep losses
DETROIT, Nov. 1 (UPI) -- Former General Motors Corp. executive Steve Girsky has been hired by the United Auto Workers union to advise it on automaker merger talks, sources say.
Girsky, a former assistant to GM Chairman Rick Wagoner, will directly assist UAW President Ron Gettelfinger in helping him sort out and analyze still-evolving discussions between GM and Chrysler LLC owner Cerberus Capital Management on a possible merger deal, The Wall Street Journal quoted unnamed sources as saying.
Girsky currently is president of Centerbridge Industrial Partners in New York.
Gettelfinger has not been supportive of a merger thus far, saying he "still needs to be convinced" it is a good idea, since it likely will lead to thousands more job layoffs, the Journal said.
|
|
|
|
|
|
| Additional Business News Stories | |
BISMARCK, N.D., May 24 (UPI) --
A trade group representing the oil industry said energy production in North Dakota is providing a major economic stimulus in the state.
|
SEATTLE, May 24 (UPI) --
The flight decks and avionics of the U.S. and NATO Airborne Warning and Control System aircraft fleet will be modernized under a $368 million Boeing contract.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
