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GM appeals direct to employees as strike losses pile up

General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of its latest offer aimed at ending a month-long strike. While emphasising GM’s commitment to the collective bargaining process, the letter, signed by Executive Vice-President for Global Manufacturing Gerald Johnson, circumvents United Auto Workers (UAW) leadership and points to frustration at a lack of progress on ending a conflict that has already cost the company more than $1 billion. …read more […]

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American Airlines, Brazil's Gol negotiating 'partnership': newspaper

American Airlines Group Inc and Brazil’s Gol Linhas Aereas Inteligentes SA are negotiating a “partnership” that could “integrate flights between the two airlines in Latin America,” a newspaper reported on Friday. The report in Brazil’s Valor Economico, which cited sources familiar with the matter, said the two companies entered into contact in September, on the same day that Delta Air Lines Inc bought a stake in Gol competitor Latam Airlines Group SA . The firms are also talking with other airlines about potential partnerships, the newspaper said, without elaborating. …read more […]

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Yandex Hit as Kremlin Backs Limits on Foreign Stakes in IT Firms

(Bloomberg) — The Kremlin is backing a draft law to restrict foreign ownership of Russia’s largest internet company, Yandex NV, and other local tech firms on national security grounds, despite warnings from providers that it will harm their businesses.The presidential administration supports proposals by Anton Gorelkin, a United Russia deputy in the lower house of parliament, that would limit foreign ownership in “significant information resources” to 20%, according to three people with knowledge of the matter, who declined to be identified discussing internal issues. Yandex fell as much as 6.8% in Moscow trading Friday, heading for its biggest decline in …read more […]