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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.
Stocks finished with small gains as investors shrugged off mixed economic data and bearish sentiment from a couple of major retailers. "The markets are ignoring the bad news and we're still living off the Fed party from last week," said Stephen Sachs, director of trading at Rydex Investments.
A protracted work stoppage could prove disastrous, with a housing downturn and credit market unrest already threatening to stall an expansion now in its sixth year.
At this time yesterday morning, I boldly and unequivocally blogged about my belief that GM and the UAW would avoid a strike and agree on a new contract. If you read that and then, just a few hours later, saw me interview striking workers in Warren, Michigan, you probably said to yourself, "boy did he get that wrong!"
United Auto Workers stage a national strike after the two sides fail to sign a new contract by a union-imposed deadline. Sides still talking.
U.S. stocks finished lower on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.
A strike at U.S. automaker General Motors will hurt suppliers if it drags on, further battering an industry already suffering from shrinking sales and possible bankruptcies, analysts said.
As many as 100,000 Canadian workers could be laid off by the end of this week if the strike at General Motors' U.S. operations drags on, the head of the Canadian Auto Workers union said Monday.
As I walk along the UAW picket line outside the GM power train plant in Warren, Michigan, I hear the same thing over and over: "protect our jobs". For all the talk about GM and the UAW being able to agree on a groundbreaking fund to handle rising healthcare expenses, the sticking point is old fashioned job security.
Members of the United Auto Workers union at General Motors Corp reacted with a mixture of nervousness, surprise and stoicism Monday after their union called a strike against the top U.S. automaker.
The strike at General Motors will cause U.S. production losses of 760 vehicles per hour and could shut the automaker's facilities in Canada and Mexico within three days, a leading industry analyst said Monday.
Inside of a week now to the year's most anticipated entertainment event. Not Shrek. Spider-man. Even Pirates. Nope, I'm talking Master Chief, Cortana. The Covenant. I'm talking "Halo 3."
After more than 20 straight hours of talks, negotiators for the United Auto Workers and General Motors face a strike deadline of 11 am this morning. In past years that would prompt people to say, "uh oh, there's gonna be a nasty strike".
General Motors and the United Auto Workers union on Sunday rushed to complete a cost-cutting labor deal that would allow the top U.S. automaker to cut itself free from a $50 billion retiree health-care burden.
Two people who have been briefed on the talks said Saturday that bargainers reported progress toward an agreement on the linchpin of the talks, GM funding a union-run trust that would take over much of the company's $51 billion unfunded obligation to pay health care costs for retirees.
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