UAW grants concessions to aid Detroit Three amid crisis
Hundreds of UAW officials voted to end the layoff salary program, allow delaying billions in health care trust payments, and open renegotiations on last year’s contracts. The move aims to protect GM Chrysler and Ford as Congress weighs a multibillion loan package, with leaders warning of economic ruin without support.
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Detroit
United Auto Workers
Detroit Three
Rich Bennett
Twinsburg
Ohio
Chrysler
General Motors
Ford
Senate
Harry Reid
Wall Street
U.S
UAW
Ron Gettelfinger
Congress
Jim Press
Associated Press
Wall Street finishes higher despite woes
Wall Street rose despite a string of weak data as investors weighed recession fears against relief hopes. The Dow, S&P 500 and Nasdaq all closed up over 2 percent, with the Beige Book signaling deteriorating conditions and ISM showing a contracting services sector. Productivity gains slowed in Q3.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Federal Reserve
Recession deepens as service sector slumps and layoffs loom
The November service sector contracted sharply with payrolls and orders dropping while unemployment is forecast to rise toward 9 percent. The Fed Beige Book notes weakened activity across districts as retailers brace for weak holidays and lenders tighten amid the longest postwar recession. State Street to cut up to 1800 jobs to trim costs, aiming to save hundreds of millions annually.
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Ing
Peter Cardillo
Avalon Partners
Fed
Institute For Supply Management
Labor Department
Washington
D.C
U.S
Ian Shepherdson
Valhalla
New York
Federal Reserve
Standard & Poor’s
State Street Corp
Financial Services
North America
Europe
Asia-Pacific
State Street
David Resler
Nomura Securities
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Rick Wagoner
Germantown
Jason Redd Financial Services
Laurens Street
N.W
Aiken
Jasonredd
Mscmail
Hhatadt
Ian
Shepherdson
Economist
National Bureau of Economic Research
David Wyss
Pat Roberts
Prudential Woodside Realty
Aikensc.com
Vernon Williams
Hampton Ave
Fox
Wednesday's Market IN Review
NYSE
C&d Tech
Forestcr
Chiricos
Acornint
Orbitz
Mschina
AmLandis
GenElec
Fordm
AmintiGp
Ishemkts
Amex
areyWolt Deokinetics
TS Pity
Duvrest Yolustm
Vinsma
Vonienteg
Diay Micro
Ficon
ntiAbsord
Pwsbmetl
BikPaStr
Acmipt
AMCON
DeerfCaprs
Biptinn
Petrofwgn
GranTragn
Nasdaq
At&t Inc
AbtLab
AlcatelLic
Altrias
AmExp
Apple Inc
Nash BP PLC
P' BkotAm
Lege NY
CSX NY
Nasd
Pan Ban Ote
Delline Nasd Directv
Cop NY
FannieMae NY
PwShs
iShLivers
AschMotn
Ge Acne
Cavalierh
Balla
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JohnJn NY
Kennemtls NY
KimbCik NY
LillyEh NY
Owes NY
PepsiCo NY
PhilMor Ni
Potash NY
Prushs&p NY
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RegionsFn
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Scana NY
SearsHidgs
Nae
SouthFnel
SouthnCo NY
Spor Amex
Spengy NY
Spdrfnel NY
Synovuss NY
Textron NY
3McO
Ussteel
Ovis
Viacom
Wachovia
WalMart
Dow Jones
Mutua
Pimco TotRetis
Grthama m
Capincbua m
Cowidgria m
Invcoama m
Fidelity Contra LG
incAmerAm
Wamutinva m
Vanguard
EurPacGrAm
Dodge & Cox Stock
Newpersoa m
Bala m
Fundminva m
Dodge & Cox IntStk Pimco TotRetAdmi
BondAm
Fidelty GrowCo
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