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Stocks Rise on Auto Bailout

Dec. 19, 2008
Stocks rose in early trading minutes after President Bush announced plans to shore up the auto industry with an infusion of government money.
Related Stories from UPI.com

Bush spokesman defends bailout

WASHINGTON, Dec. 23 (UPI) -- The bailout of the U.S. auto industry arranged by the Bush administration is the best possible given Congress's failure to act, a spokesman said Tuesday.

Canada readies auto bailout package

TORONTO, Dec. 20 (UPI) -- Canadian Auto Workers says the union will resist if Canada's $4 billion automaker rescue package calls for deep concessions from its members.

Senate GOP puts brakes on auto bailout

WASHINGTON, Dec. 10 (UPI) -- U.S. Senate Republicans threw up a roadblock Wednesday on efforts to pass a $14 billion bailout for the U.S. auto industry.

GAO: Board should direct automakers

WASHINGTON, Dec. 4 (UPI) -- A special board directing U.S. automakers would help safeguard the government's interests in a bailout, the federal legislative auditor testified Thursday.

Ford exec: As GM goes, so goes industry

WASHINGTON, Dec. 3 (UPI) -- Ford chief executive Alan Mulally told The Washington Post Wednesday that if GM goes bankrupt, the rest of the U.S. auto industry will follow.

UAW chief pleads for federal auto bailout

DETROIT, Nov. 20 (UPI) -- Domestic autoworkers won't be the only ones to suffer if the three U.S. automakers don't receive federal assistance now, a union leader said Thursday.

Auto bailout unlikely in 110th Congress

WASHINGTON, Nov. 17 (UPI) -- A proposed bailout for the foundering U.S. auto industry is drawing heat from the lame-duck Congress meeting in Washington to finish the year's work.
Paulson: Bailout not for auto industry

Paulson: Bailout not for auto industry

WASHINGTON, Nov. 12 (UPI) -- The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.

Aide: Obama wants more for auto industry

DETROIT, Oct. 14 (UPI) -- The ailing U.S. auto industry would receive help from a Barack Obama administration, the Democratic candidate's top economic adviser said.

Philips creates auto chips in China

SHANGHAI, July 18 (UPI) -- The Netherlands's Royal Philips Electronics said Sunday it has created new technology for use in China's auto sector.
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Youngsters compete in Scripps National Spelling Bee
View Caption
Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler