Word: monday
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President Barack Obama made clear at his press conference on Monday that the U.S. government would stand behind warranties on cars purchased while the automakers restructure. "Let me say this as plainly as I can: If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty...
During their two-day visit to the campus, which began late Monday night, the delegates met with student organizations including the Harvard College Association for US-China Relations and the Chinese Students Association...
...General Motors Chief Executive G. Richard Wagoner’s resignation may have unfairly overshadowed his part in reinventing the company after its decades-long decline, said several of Wagoner’s Harvard Business School classmates. Wagoner, who graduated from the Business School in 1977, stepped down on Monday at the request of the Obama administration, which has sought to force more rapid changes within the three beleaguered American automobile manufacturers that have received assistance from the administration’s multi-billion dollar bailout fund. GM lost $30.9 billion last year, and its share price has fallen...
It’s the top of the 10th inning in the second game of the Harvard baseball team’s Monday doubleheader at Penn. Two outs, nobody on, senior outfielder Matt Rogers at the plate...
...Although analysts credit the odd couple for playing tough with all sides, Rattner and Bloom's initial efforts are meeting with only moderate success. The stock market reacted negatively to the government's plan on Monday, with the S&P 500 dropping nearly 3.5% on fears that bankruptcy was inevitable for GM and Chrysler - a fear that the Administration did little to calm. President Obama, in his speech announcing the deal on Monday, tried to put a good face on things, laying out measures to save the companies, soften the blow to autoworkers and encourage auto sales with guaranteed warranties...