General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the future of U.S. auto industry jobs.
Boeing Co Chief Executive Dennis Muilenburg told employees in a memo seen by Reuters on Wednesday that he was “fully supportive” of the board’s decision to split his chairman and CEO roles, allowing him to focus on running the world’s largest planemaker.
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.
T-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
Like the majority of cannabis stocks, Canopy Growth (CGC) has taken a big hit in 2019, as sentiment in the industry continues to weaken, and being based in Canada, has the additional headwind associated with the slow rollout of retail outlets.Add to that its heavy exposure to Canadian recreational pot, the lack of a permanent CEO, and less than robust growth prospects at this time, and it’s clear that Canopy, once considered the standard of the cannabis sector, will struggle to break out of its downward spiral, and at least in the short term, is unlikely to have any meaningful …read more […]
An old, degraded piece of metal pipe that had not been tested for corrosion led to the June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation Board said on Wednesday.
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
The U.S. National Highway Traffic Safety Administration (NHTAS) said Wednesday it is reviving a long-stalled effort to overhaul the five-star crash rating program for all new vehicles.
The leading 2020 candidates have a variety of plans to shore up Social Security that (thanks to a variety of new benefits and no new taxes on the middle class) fall short of the elusive goal of complete solvency. …read more […]
U.S. President Donald Trump on Wednesday said he likely would not sign any trade deal with China until he meets with Chinese President Xi Jinping at the upcoming APEC Forum in Chile.
Facebook Inc , whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.
Some of the world’s best investors stick to dividend portfolios. They know that a steady stream of income is a top wealth building strategy. And finding the best deals is vital. So today, we’re going to review another one of the best dividend stocks around. Let’s take a look at Bank Of America’s dividend history and safety…
Business Overview and Highlights
Bank Of America (NYSE: BAC) is a $279 billion business based out of Charlotte, NC. The company employs 204,000 people, and last year Bank Of America pulled in $111 billion in sales which works out to $542,000 per employee.
The company operates …read more […]
General Motors Co and the United Auto Workers union have reached a tentative deal for a new four-year labor deal, moving the sides closer to ending the month-long strike that had drawn the attention of U.S. President Donald Trump and potential Democratic rivals in the 2020 presidential election.
(Bloomberg) — General Motors Co. and the United Auto Workers have reached a tentative agreement on a new contract, paving the way for a decision Thursday on whether to continue a more than month-long strike.The accord, announced by the UAW on Wednesday, may bring an end to the union’s first national walkout against the carmaker in a dozen years. The stakes were rising for both sides as the strike entered a fifth week, costing GM billions, forcing workers to live on $275 a week and denting the economy in Michigan and the Midwest.“The number one priority of the national negotiation …read more […]
General Motors Co and the United Auto Workers union have reached a tentative agreement for a new labor deal to end a month-long nationwide strike by about 48,000 hourly workers, the union said on Wednesday.
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