U.S. union hopes Fiat Chrysler labor pact ratified in 10 days
DETROIT (Reuters) – United Auto Workers President Dennis Williams on Friday said he hopes to have ratification votes on a proposed labor contract for 40,000 U.S. Fiat Chrysler Automobiles workers completed in 10 days.
More U.S. firms eying overseas moves given EXIM lapse: AIA
WASHINGTON (Reuters) – More U.S. companies are considering moving plants overseas given concerns about the shutdown of the U.S. Export-Import Bank, the largest U.S. aerospace trade group said Friday, a day after General Electric Co announced plans to b…
Wall Street ends down after Fed stokes global economic fears
(Reuters) – Wall Street stocks closed lower on Friday in heavy trading as the Federal Reserve’s decision to keep interest rates near zero fueled concerns about the potential impact of continuing weak global growth on U.S. corporate earnings.
Big beer merger could ripple across wider beverage sector
NEW YORK (Reuters) – Anheuser-Busch InBev’s prospective deal for SABMiller PLC is expected to ripple across other consumer industries in the next few years, from soda makers and bottlers to snack manufacturers.
Volkswagen could face $18 billion penalties from EPA
WASHINGTON/DETROIT (Reuters) – Volkswagen AG faces penalties up to $18 billion after being accused of designing software for diesel cars that deceives regulators measuring toxic emissions, the U.S. Environmental Protection Agency said on Friday.
Yellen’s rate blink shows green light for bond buyers
NEW YORK (Reuters) – The U.S. Federal Reserve’s decision not to raise interest rates on Thursday is giving investors a green light to buy bonds on the view that the central bank won’t move for some time.
Fiat Chrysler, U.S. union contract narrows pay gap
DETROIT (Reuters) – The lowest paid U.S. factory workers at Fiat Chrysler Automobiles NV would get the biggest raises and the most generous profit sharing checks under a new four-year labor contract, according to details of the proposed agreement relea…
Goldman Sachs taps Snapchat for recruiting millennials
NEW YORK (Reuters) – In its latest push to broaden its allure among millennials, Goldman Sachs Group Inc rolled out a series of quick-hit recruiting ads on Snapchat on Friday, becoming the first major Wall Street bank to turn to the instant-but-fleetin…
AB InBev talked to SABMiller investor Altria before approach: Bloomberg
(Reuters) – Anheuser-Busch InBev SA reached out to SABMiller Plc’s largest shareholder, Altria Group Inc , before making a takeover approach, Bloomberg reported.
Ex-Wells CEO says Bank of America investors should back off
(Reuters) – Former Wells Fargo chairman and chief executive Richard Kovacevich said that Bank of America shareholders are wrong to try to strip Bank of America CEO Brian Moynihan of his chairman title.
