UAW Begins Walkouts at 3 Midwest Plants

UAW Begins Walkouts at 3 Midwest Plants

Thousands of members of the United Automobile Workers union went on strike Friday at three plants in three Midwestern states, the first strike to simultaneously affect three Detroit automakers. The union and the companies — General Motors, Ford Motor and Stellar, Chrysler’s parent — were deadlocked in negotiations over a new collective bargaining agreement when…

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Live updates on US inflation, Australia jobs

Live updates on US inflation, Australia jobs

An hour ago SoftBank shares slipped slightly after the IPO to arm prices of $51 a share Shares of Japanese investment firm Softbank fell slightly on Thursday after subsidiary Arm priced its initial public offering at $51 a share. SoftBank shares were down 2.17% in the morning session. At $51 per share, Arm’s fully diluted…

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Auto workers strike could test Biden’s claim to be the most pro-union president in US history

Auto workers strike could test Biden’s claim to be the most pro-union president in US history

Lansing, Mich. (AP) – The possibility of an auto workers’ strike may be tested Joe Biden’s Treasured assertion that he was the most pro-Union president in American history. United Auto Workers Organization Threat of strike against General Motors, Ford and Stellandis if tentative contact agreements are not reached by Thursday’s 11:59 p.m. That could change…

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American Airlines, Spirit cut summer profit forecast

American Airlines, Spirit cut summer profit forecast

Higher fuel and other costs bite airlines’ profits in the third quarter. American and Spirit joined Alaska and Southwest in cutting profit estimates for the summer. An American Airlines plane sits at the gate at Ronald Reagan Washington National Airport (TCA) on February 23, 2023 in Arlington, Virginia. Daniel Slim | Afp | Good pictures…

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