(Reuters) – General Motors said on Friday it expects to be forced to idle operations at its Kansas assembly plant next week after the United Auto Workers union struck a nearby Missouri plant earlier in the day – the first ripple effect from the walkout. The Detroit automaker said the Wentzville, Missouri, plant, where workers …
GM expects to be forced to idle Kansas auto plant next week Read More »
(Reuters) – Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate. Others, like Citigroup, are preparing to cut jobs as part of a structural revamp targeted to remove complexity. Here are the major …
Factbox-Wall Street banks shed jobs to ease cost pressures Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing output barely rose in August amid a decline in motor vehicle production, and activity could contract in the months ahead after the United Auto Workers (UAW) union embarked on strikes at three factories on Friday. The strikes, which for now only involve 12,700 of the affected 146,000 …
US factory production up slightly ahead of auto strike; inflation slowing Read More »
(Reuters) -The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis on Friday, kicking off the most ambitious U.S. industrial labor action in decades. The walkouts will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models. …
What people are saying about the US auto worker strike Read More »
(Reuters) – Shares of U.S. automakers Ford Motor Co and General Motors fell 2% before the bell on Friday after a strike by unionized workers at three plants making some of their most profitable pick-up trucks. The U.S.-listed shares of Chrysler-owner Stellantis also edged down 0.5% premarket after a walkout by hourly workers, represented by …
Shares of Detroit Three fall as US auto workers begin strike Read More »
By Florence Tan, Lewis Jackson and Emily Chow SINGAPORE/SYDNEY (Reuters) -Chevron’s two western Australian plants continued exports of liquefied natural gas (LNG) on Friday, despite a step-up in strikes and a fault at the Wheatstone plant that cut production by a quarter, shipping data on LSEG Eikon and Kpler showed. Workers at Gorgon and Wheatstone, …
Chevron Australia LNG keeps up exports despite outage, strikes Read More »
BERLIN (Reuters) – European Union quotas for sustainable aviation fuels (SAF), seen as an expensive but essential key to greener air travel, are not achievable by today’s standards, according to the chief executive of Germany’s Lufthansa . The European Parliament on Wednesday adopted a deal to set binding targets for airlines in Europe to increase …
EU’s SAF quotas not feasible with today’s production – Lufthansa CEO Read More »
By John O’Donnell and Marie Mannes STOCKHOLM (Reuters) – For months, Sweden’s government has sought to play down a property crisis that has throttled confidence in the Nordic state, repeating a simple message: While some companies are in trouble, the country is not. Now Heimstaden Bostad, a $30 billion property investor with swathes of homes …
SANTIAGO DE COMPOSTELA (Reuters) – German Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a decision is not expected this week on who will become European Investment Bank (EIB) president. “There are several well-qualified candidates, for example our host today, Nadia Calvino,” Lindner said before the meeting of …
No decision on EIB presidency expected this week – German Finance Minister Read More »
By Jonathan Stempel (Reuters) -Employees of the former Bed Bath & Beyond on Thursday sued the committee that oversaw its 401(k) retirement plan, saying its “imprudence” caused them to suffer millions of dollars in losses after the home furnishings retailer filed for bankruptcy. The proposed class action filed in Newark, New Jersey, federal court arose …
Bed Bath & Beyond employees sue over 401(k) plan losses Read More »
