By Jay Sekulow
The left's outrage over the IRS turns to a plea to 'move on'
Mitt Romney is making a late-campaign play to win over Rust Belt voters by trying to dent President Obama's credentials on his federal auto bailout — but the claims he is making about Chrysler creating jobs in China are drawing return fire from Democrats and the auto workers union.
Chrysler had its best quarterly profit in 13 years. Not bad for a company that almost died three years ago.
People rarely pick a fight with Dirty Harry. But Chrysler's "Halftime in America" ad featuring quintessential tough guy Clint Eastwood has generated fierce debate about whether it accurately portrays the country's most economically distressed city or amounts to a campaign ad for President Barack Obama and the auto bailouts.
A warning from Fitch Ratings that large U.S. banks could be hit hard if Europe's debt crisis spreads sent stocks on a downward spiral late Wednesday.
Service businesses such as restaurants, hotels and financial companies in July experienced their weakest growth in 17 months.
The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump.
Italy's Fiat SpA bought the U.S. and Canadian governments' stakes in Chrysler Group LLC, becoming the majority shareholder in the U.S. automaker with the ability to appoint more board members.
Fiat's purchase of the U.S. government's ownership stake in Chrysler Group LLC resolves one thorny political issue. Another lies ahead: Where to base the combined company.
San Francisco voters in November will be asked to weigh in on what was until now a private family matter: male circumcision.
Mass-market automakers like Toyota, Fiat and Ford say green technologies on display at the Geneva Auto Show will help them weather the impact of skyrocketing fuel prices _ while less humble sportscar makers like Lamborghini flaunted their gas guzzlers.
Chrysler plans to air a two-minute commercial during the Super Bowl that puts its hometown of Detroit and Eminem, one of the city's musical stars, at center stage.
An optimistic Chrysler narrowed its net loss significantly in the fourth quarter and forecast a net profit for 2011 as it continued a comeback from bankruptcy protection.
A year after emerging from bankruptcy protection, Chrysler is stanching its losses and seeing demand for its cars and trucks rise. But it's far from healthy, and its CEO says the company has more tough work ahead.
"I feel obliged to unambiguously restate our position: Jeep production will not be moved from the United States to China," Chrysler CEO Sergio Marchionne said in a recent email to company employees. "Together, we are working to establish a global enterprise and previously announced our intent to return Jeep production to China, the world's largest auto market, in order to satisfy local market demand, which would not otherwise be accessible."
"I have no bad news to tell you," Chrysler CEO Sergio Marchionne said Thursday, adding that trends for the rest of year look positive.
