Stock market rally broad as energy fears ease
New York stocks rose for a third straight session with the Dow advancing about 49 points over three days. The market saw 1,063 issues vs 401 declines on the Big Board and volume around 18.59 million shares as investors bid up prices amid easing energy concerns.
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GM and Ford contracts split among worker groups
Reuters report notes 420,000 OK. GM contract shows 89 percent of skilled GM workers voting for ratification while Ford skilled workers rejected the national agreement. Production workers at GM approved by 92 percent. four GM skilled units voted against, yet combined GM production and skilled workers favored ratification.
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Space facility plans 10 day furloughs during holiday season
SUNNYVALE United Technology Center a facility employing about 1000 people will close for 10 days at Christmas due to the energy crisis. The shutdown with full pay will also affect UTC plants operated by United Aircraft in three other states. California tree planting honors the Bicentennial with planned nationwide plantings recalling Revolutionary War Liberty trees under William Penn Mott Jr. 주
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