Employers to continue raising rates, shifting cost to workers
October 24th, 2011
Most interesting finance and busines news.
Chrysler Group LLC and the United Auto Workers negotiators agreed on a new four-year contract early Wednesday that creates 2,100 new jobs.
Chrysler also will invest $4.5 billion in its plants under the deal, which covers 26,000 U.S. workers.
“This agreement is the latest in a remarkable turnaround for Chrysler,” UAW Vice President General Holiefield said in […]
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The economy grew slightly faster in the spring than previously estimated but remained dangerously weak as the country struggled with surging gas prices and high unemployment.
The Commerce Department says the economy grew at an annual rate of 1.3 percent in the April-June quarter, up from an estimate of 1 percent made a month ago. The […]
A key federal report goes further than other investigations and puts ultimate responsibility on BP for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers, especially regarding the cement seal that was put in place the day before the explosion that triggered the spill.
The report, released Wednesday, said in […]
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The Toronto stock market headed sharply higher Tuesday after a series of plunges brought the TSX to its lowest level in a year in the previous session.
The S&P/TSX composite index gained 125.44 points to 11,796.4 while the TSX Venture Exchange added 7.44 points to 1,689.73 as traders looked to an afternoon announcement by the U.S. […]
Whirlpool Corp. is reporting a second-quarter loss largely due to the settlement of Brazilian collection dispute, but its adjusted results topped Wall Street’s expectations.
But world’s biggest appliance company said Thursday that it now expects full-year earnings at the low end of its previously reported range and shares dipped 3 percent in premarket trading.
Whirlpool lost $161 […]
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Treasury Secretary Timothy Geithner is telling Congress that he will halt investments in two big government pension plans Monday to allow the government to continue borrowing money for the next few months.
Geithner says the government will reach its $14.3 trillion borrowing limit on Monday. Republicans have held back supporting an increase in the borrowing limit, […]
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