Good day for: New beginnings, as Italy's Fiat on Wednesday closed on its purchase of the bulk of Chrysler's assets. The deal saved the troubled U.S. automaker from liquidation, and cleared the way for a leaner Chrysler to emerge from bankruptcy without the burdensome labor costs, billions in debt, and 789 underperforming dealerships that nearly sank it. Fiat CEO Sergio Marchionne became CEO of the new company, and announced plans to quickly reopen Chrysler plants idled during the company's bankruptcy process at a cost of $100 million a day. (AP in Yahoo Finance)
Bad day for: Making enemies with the IT guy, as 35 percent of information technology professionals abuse administrative passwords to snoop on co-workers, according to a survey by data security company Cyber-Ark of 400 IT workers in the U.S. and Britain. A growing number also said they would take data that could help competitors with them if they were fired. (Reuters)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
July 13 editorial cartoonsCartoons Sunday's political cartoons include new TSA rules, FEMA cuts, and Volodymyr Zelenskyy complimenting Donald Trump's new wardrobe
-
5 weather-beaten cartoons about the Texas floodsCartoons Artists take on funding cuts, politicizing tragedy, and more
-
What has the Dalai Lama achieved?The Explainer Tibet’s exiled spiritual leader has just turned 90, and he has been clarifying his reincarnation plans
