More pain is on the way for the people and communities that depend on the automotive industry. That's why President Obama has appointed an autoworker czar to look out for them.
Stocks slumped Monday, falling for a second straight session, as worries about the auto and bank industries gave investors a reason to retreat after the recent rally.
Oil fell below $50 a barrel on Monday after the U.S. government rejected restructuring plans from embattled automakers GM and Chrysler, renewing fears of potential bankruptcy and prompting a stock selloff.
Oil fell below $51 a barrel on Monday after the U.S. government rejected restructuring plans from embattled automakers GM and Chrysler, renewing fears of potential bankruptcy and prompting a stock selloff.
This week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.