Month: October 2019

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RPT-GM contract vote by striking UAW workers heads into final hours

October 25, 2019 admin Comments Off on RPT-GM contract vote by striking UAW workers heads into final hours

Striking workers at General Motors Co factories in the United States finish voting on Friday on a proposed four-year contract that could end a 39-day strike that has cost the No. 1 U.S. automaker more than $2 billion according to Wall Street. With about one-third of the United Auto Workers union votes counted as of Thursday morning, an estimated 55% of the remaining members would have to vote “no” for the proposed deal to fail, said Kristin Dziczek, vice president of industry, labor and economics at the Center for Automotive Research in Michigan. The UAW recommended that the …read more […]

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Cable operator Charter quarterly earnings edges past estimates

October 25, 2019 admin Comments Off on Cable operator Charter quarterly earnings edges past estimates

Charter Communications Inc edged past analysts’ estimates for third-quarter revenue and profit on Friday, as the cable operator attracted more customers for its broadband services, offsetting a drop in pay TV subscribers. The second-largest broadband provider in the U.S. added 282,000 residential customers in the third quarter ended Sept. 30. Net income attributable to shareholders fell to $387 million, or $1.74 per share, in the reported quarter from $493 million, or $2.11 per share, a year earlier. …read more […]