Manufacturing up in December signals growth for 2014
U S manufacturing expanded at the second-fastest pace in over two years as the ISM index eased to 57 in December from 57.3. Strong auto sales and a housing rebound boosted orders and factory employment, with GM and Ford introducing models and housing demand lifting building materials sales.
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Fiat completes Chrysler stake deal prompting stock surge
Fiat buys the remaining 41.5 percent of Chrysler Group from a retiree health care trust in a 4.35 billion deal. Shares jump as much as 16 percent to August 2011 levels on the plan to create a larger auto group, with Chrysler funding most of the price and no new equity raise.
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United Auto Workers Union
American Airlines workers back flag tail design vote
American Airlines employees approve the new flag tail livery by a 31,355 to 29,063 vote from 60,418 ballots. About 60 percent of the 100,000 employees voted with 200 aircraft already painted and plans to finish 1,117 more, while the old double-A eagle remains as heritage.
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