UAW presses Daimler at Alabama plant after NLRB victory
DETROIT (Reuters) – The United Auto Workers union said on Monday it will press managers of the Daimler AG’s Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor.
Apple tumbles as much as 6 percent in unusual trading
NEW YORK (Reuters) – Apple Inc shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.
U.S. retailers warn of Chinese giant Alibaba’s impact in U.S.
SAN FRANCISCO (Reuters) – Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may “decimate” local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even establis…
U.S. manufacturing cools, but underlying momentum remains
WASHINGTON (Reuters) – U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in exports suggested the economy remained on a firmer footing despite slowing global growth.
Thousands stranded as Lufthansa pilots strike again
FRANKFURT (Reuters) – Pilots at Lufthansa started a two-day walkout on Monday, their ninth strike this year, forcing Germany’s flagship airline to cancel close to half of all scheduled flights and leaving thousands of travellers stranded.
U.S. authorities accuse Toyota arm of discriminatory loan pricing
NEW YORK (Reuters) – Toyota Motor Credit Corp , the lending arm of Toyota Motors Corp , could face an enforcement action from U.S. authorities over its pricing of auto loans through dealerships and could be forced to reimburse borrowers or pay a fine, …
Claims in GM ignition-switch program up slightly, another death eligible
DETROIT (Reuters) – Claims related to a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including an additional death attributed to the defect, according to an official report on Monday.
Pressure grows on Austria’s OMV to unveil convincing strategy
VIENNA (Reuters) – With its ambitious expansion plans in doubt and top management in flux, oil and gas group OMV is struggling to persuade investors that Austria’s biggest company can master increasingly difficult markets.
German utility E.ON to split to focus on renewables, grids
FRANKFURT (Reuters) – Germany’s top utility E.ON said it would split in two, spinning off power plants to focus on renewable energy and power grids, in a dramatic response to industry changes that could trigger similar moves at European peers.
Ally Financial overtakes Wells Fargo as top U.S. auto lender
NEW YORK (Reuters) – Ally Financial Inc became the largest U.S. retail auto lender in the third quarter, displacing Wells Fargo & Co for the first time since the start of 2013, according to a report from Experian Automotive on Monday.
