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The tentative contract between General Motors and the United Auto Workers would allow GM to close a plant each in Michigan and Indiana and possibly shut down several other facilities, according to a detailed copy of the agreement.
The Teamsters union and United Parcel Service on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.
September auto sales are expected to be weak due to a credit crunch, high gas prices and the troubled housing market, reflecting an overall slowdown for the year but little effect from the brief strike against General Motors, industry analysts say.
The United Auto Workers won guarantees in its tentative contract agreement with General Motors that many new products would be built at U.S. plants to save jobs, union President Ron Gettelfinger said Friday.
General Motors would be able to buy out as many as 24,000 UAW workers and replace them with lower-paid hires under a tentative contract agreement, the Wall Street Journal reported on its Web site on Friday.
Third-quarter corporate earnings are expected to show the weakest growth in five years, but a rebound is likely in the fourth quarter.
After sucking fumes behind Toyota and its popular Prius, GM is stepping up to the plate with the next generation of hybrids. They are called 2-mode hybrids because they get electric motor assist in the city AND on the highway. GM unveil the first of these 2-mode hybrids today at the Texas State Fair in Dallas...
The Street is edging toward the end of one of the most volatile quarters in recent memory ... and for all those a bit tired of the excitement, it looks like it might actually have a laid-back and happy ending.
Two key events should put the index back on track to 14,548.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks moved to session highs on Wednesday on speculation billionaire investor Warren Buffett was considering taking a 20% stake in Bear Stearns. The New York Times reported on its Web site that Bear Stearns was in serious talks with several outside investors, including Buffett.
The stock popped after a settlement with the United Auto Workers was announced. Cramer expects shares to climb even more by the end of October.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Treasury prices turned higher Wednesday, bolstered by surprisingly strong investor demand in a government sale of $18 billion in new 2-year Treasurys.
Just a few hours after I reported the new contract between GM and the UAW, I started hearing this question: "Can GM really boost its bottom line now that its costs have been lowered?" My gut says it can do it, IF the company builds on the improvement of its products in the last couple of years.
General Motors' quick settlement with its major union allows the softening U.S. economy to sidestep another blow and sets the stage for similar deals that could boost domestic automakers, analysts and investors said Wednesday.
We're back in the "bad news is good news" phase. At least that's how you may want to read the stock market's reaction to today's clunker of a durable goods number, its worst monthly reading since January. Durable orders fell by 4.9% in August, below the 3.5% decline expected and way off from July's 6.1% increase.
European stocks closed higher Wednesday as investors shrugged off a sharp drop in U.S. durable goods figures for August, and concerns over tightness in the credit market eased on news the Bank of England received no bids for its liquidity injection.
I can't say I'm a fan of the 3:15 am wake up call, but this one I didn't mind. By 4 am I was interviewing UAW President Ron Gettelfinger about the new contract his union signed with General Motors. The strike is over and both sides get what they need out of this deal.
A relatively swift resolution to the United Auto Workers strike against General Motors is giving some lift to stocks this morning. The dollar is defying gravity and is bouncing off its lows against the Euro but that move looks like it will be short lived.
A top executive at Toyota Motor said on Wednesday that achieving a rise in U.S. sales in September might be tough because of a spike in sales in the same month a year earlier.
The United Auto Workers union's strike against General Motors went into its second day Tuesday, with UAW and GM representatives meeting again at the negotiating table.