GM Chief Exec Henderson Quits

Automaker's board and CEO Fritz Henderson split, with board upset GM's turnaround wasn't moving more swiftly; Chairman Ed Whitacre Jr. will take over in the interim.

Dec 7th, 2009
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In this June 12, 2019 file photo, General Motors employees work on the chassis line as they build the frame, power train and suspension onto the truck's body at the Flint Assembly Plant in Flint, MI.
GM Strike Pushes October Industrial Production Down 0.8%
The Federal Reserve said Friday that manufacturing output tumbled 0.6% last month, largely because production of cars and auto parts plunged 7.1%.
Nov 15th, 2019
Graingera
Grainger Donates $100K to Folds of Honor, Doubling Commitment to Military Families
At twice the amount of Grainger's 2018, the donation will fund 20 STEM scholarships of $5,000 each to military families nationwide.
Nov 14th, 2019
In this Nov. 5, 2019 file photo, an electronic card with ballot information is seen inserted in a voting machine in Dallas, GA.
Unknowns about 2020 Election Make Some Businesses Cautious
Presidential election years can be tough on small and mid-sized businesses — they tend to cut their spending when they're uncertain about what lies ahead.
Nov 6th, 2019
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Carhartt Introduces Rugged Professional Series
This product collection comes in nine styles and features Rugged Flex and Stain Breaker technologies, along with wrinkle resistance.
Nov 5th, 2019
In this Oct. 23 file photo, a worker climbs a ladder as cranes work the construction site for the new corporate headquarters of Norfolk Southern Railway in Atlanta.
US Construction Spending Rises 0.5% in September
The Commerce Department said Friday that government construction rose 1.5% during the month, powered by state and local building.
Nov 1st, 2019
In this Nov. 28, 2018 file photo, people work in their office after the Rockefeller Center Christmas tree is lit during the 86th annual Rockefeller Center Christmas tree lighting ceremony in New York.
Holiday Staffing Issues a Big Stressor for Business Owners
Even companies that aren't retailers or restaurants can have a year-end busy season, just when employees all want to take time off.
Oct 31st, 2019
In this Nov. 27, 2018 file photo, a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, OH.
AP: Trump's Rust Belt Revival is Fading. Will it Matter in 2020?
A year away from Election Day, President Trump's promised coal and steel renaissance is not materializing.
Oct 31st, 2019
Tanks 406908 1920
Agency: No Alert System at Texas Facility Damaged by Fire
Oct 30th, 2019
In this June 19, 2019 file photo, the Washington news conference of Federal Reserve Chair Jerome Powell appears on television screen on the trading floor of the New York Stock Exchange shows the rate decision of the Federal Reserve.
Fed Cuts Rates a 3rd Time this Year but Signals Likely Pause
The Fed's move reduces the short-term rate it controls — which influences many consumer and business loans — to a range between 1.5% and 1.75%.
Oct 30th, 2019
Debris can be seen as emergency personnel and others search and clear the scene of an explosion and fire at AB Specialty Silicones chemical plant May 4, 2019, in Waukegan, IL.
OSHA Proposes $1.59M Fine after Deadly Silicone Plant Blast in Illinois
The agency announced Friday it found 12 willful federal safety violations at AB Specialty Silicones in Waukegan, IL following the May 3 explosion.
Oct 25th, 2019
Merger I Stock
PwC: Scale Transactions will Remain the Focus for Industrial Manufacturing Sector
2019 M&A activity in industrial manufacturing has been driven by scale transactions, and it's expected to continue into next quarter and 2020.
Oct 25th, 2019
Stanley Bd
Stanley B&D to Reduce Headcount, Plants Amid Slowing Demand
SBD outlined a cost-reduction plan that includes adjusting total headcount and production footprint in response to weakened industrial demand and the impact of tariffs.
Oct 24th, 2019
In this Monday, Sept. 23, 2019 photo Maria Alvarez, front, and her husband Guillermo Alvarez, behind, both of Boston, examine clothes washers and dryers at a Home Depot store location, in Boston.
US Durable Goods Orders Fall 1.1% in September
The declines underscored the troubles manufacturing is having in the face of a global slowdown and trade war uncertainty.
Oct 24th, 2019
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NJ Fencing Company Fined $370K for Repeat OSHA Violations
The violations cover lockout/tagout procedures, machine guards, proper warehouse lighting, an obstructed loading dock and blocked electrical disconnects.
Oct 23rd, 2019