March 28, 2010 |
"Consumers are exhaling after the enormous loss of wealth from the recession. The intensive retrenchment that they were doing during the recession has ended. " - Citigroup's chief U.S. economist Robert DiClemente "If you're fraudulent, you deserve to be punished. " - jury foreman Hank Pierotti, after his federal jury said Pfizer Inc. must pay $142.1 million for racketeering fraud in the marketing of epilepsy drug Neurontin "I hope that financial markets will now act on fact and not on fiction.
April 2, 2009 |
For Italians, Fiat is an acronym for Fabbrica Italiana Automobili Torino. For many of us who owned Fiats during the automaker's last presence in this country, the acronym stood for Fix It Again, Tony. I know, the company that Chrysler may team up with is now the largest vehicle manufacturer in Italy, and it builds good machinery. But that wasn't the case the last time around. While some American motorists may have had decent luck with the fragile Fiats, most of us didn't, and it was that poor quality that eventually pushed the company out of this market in 1984.
July 8, 2008 |
MILAN, Italy - Fiat, Italy's largest automaker, plans to lay off workers at four of its six Italian plants for three one-week periods later this year due to the contracting automobile market. Unions were notified yesterday that Fiat would lay off mostly white-collar workers for one week a month from September-November at the Mirafiori, Melfi, Pomigliano and Termini Imerese plants. Production of models including Fiat's top-selling Grande Punto, the Lancia Ypsilon and Fiat Chroma will be affected by the slowdown.
July 29, 2005 |
IN MY next life, I plan to come back as a member of the Pennsylvania General Assembly. I know what you're thinking. Who wouldn't want a job where you can set your own salary by legislative fiat? But that's not it. Lawmakers in any state can do that. Anybody who can move millions with a pen stroke eventually will move a few dollars into his or her own pocket. For all we know, Pennsylvania lawmakers may deserve a pay raise. Most of us don't know enough about what goes on in Harrisburg to say whether they're worth even the gas money we spend to send them there.
August 3, 2002 |
A group of U.S. investors is buying Fiat's Teksid Aluminum unit, an international fabricator of aluminum components for cars. The buyout was led by Questor Management Co., and the $454 million deal was put together by Questor's Philadelphia-based chief operating officer, Robert E. Shields, a former senior partner at the city law firm Drinker, Biddle & Reath. Questor, which has other automotive operations, will own the majority of the equity, Shields said. JPMorgan Partners, the private equity arm of J.P. Morgan Chase & Co., is one of the other members of the group.
June 18, 2000 |
Question: I have a question that's been bothering me. Some years back (20 or more), a friend bought a new car that had the spare tire mounted on top of the engine. I can't remember what make the car was. Can you set me straight? Answer: Fiat exported a subcompact sedan to this country in the '70s that had the spare mounted under the hood near the engine, but not right on top of it. Exposing the spare tire to all that engine heat wasn't a great idea, but then this wasn't a great car. As a matter of fact, it was an awful car. It resurfaced during the '80s with a different body and name - the Yugo - and bedeviled a whole new generation of drivers.
November 7, 1998 |
A red Fiat packed with explosives blew up yesterday in front of a market teeming with Israelis shopping for the weekend. Only the two occupants, believed to be Palestinians, were killed, and injuries to 21 bystanders were modest. But the bombing could nonetheless be a devastating blow to the fragile peace accord struck two weeks ago at the Wye River summit. The explosion took place about 10 a.m. as Prime Minister Benjamin Netanyahu's cabinet was meeting less than a mile away to approve the pact.
December 21, 1997 |
If we hadn't tried to save money on a car rental, we would never have met Valentine Butler, the septuagenarian English landowner who welcomed us to her 15th-century farmhouse like a rich aunt entertaining her favorite relatives. Exhausted from a busy year of writing and painting - my husband is a theater critic and I am an artist - we had planned a few days of leisurely garden visits in Somerset before tackling London and a week of marathon play- and museum-going. Because of the bargain price, our travel agent had suggested that we become "Country Rovers," purchasing a car-and-accommodations package offered by the English tour company Discover Britain and sold in this country through travel agents.
October 13, 1993 |
Theodore J. Fiala Sr., 82, the heart and soul of the largest antique car collectors' association in the country, died Sunday at his home in Havertown. Mr. Fiala was a founding member of the Antique Automobile Club of America, which started in 1935 in Philadelphia with 14 members and has grown to about 58,000 members worldwide. Headquartered in Hershey, the group has 400 regions and chapters in almost every state and several foreign countries. The headquarters houses a library and research center, publishes a bi-monthly magazine and promotes more than a dozen car shows and rallies each year across the country.
September 2, 1990 |
To make sense of Iraqi President Saddam Hussein's claims that Kuwait is really part of Iraq, it helps to go back nearly 70 years to a meeting in a tent in the Arabian desert, where a British high commissioner arbitrarily drew what became the Kuwait-Iraq border. One night in November 1922, Sir Percy Cox, Britain's representative in Baghdad, summoned to his tent Sheik Ibn Saud, soon to become ruler of Saudi Arabia. Cox announced in sharp tones that, in view of an impasse on boundary disputes, he would decide the borders of Arab nations.