Chrysler plant creates new union shift with lower pay
At the Belvidere, Illinois Chrysler Group assembly plant a large third shift will be hired under an agreement that pays less and offers less job security than existing union members. Experts say the move challenges UAW clout and is unprecedented for a Big 3 plant amid rising nonunion foreign competition. Labor expert Harley Shaiken notes the shift to tolerate this while protecting core jobs and principles built over years.
MENTIONED IN THIS ARTICLE
Chicago
United Auto Workers
Chrysler Group
Belvidere
Toyota
Honda
U.S
UAW
Harley Shaiken
University of California At Berkeley
Grain futures mixed as soybeans rise on CTD reports
Soybean futures climbed Friday on the Chicago Board of Trade while overall grain futures were mixed. Wheat for July delivery dipped to 3.59 dollars a bushel, July corn advanced to 2.35 dollars, July oats rose to 1.96 dollars, and July soybeans gained to 6.00 dollars a bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
The
Associated Press
Current account deficit improves but stays large in early 2006
The broad current account deficit narrowed to 208.7 billion dollars in Q1 2006 from 223.1 billion at year end, Commerce reports. Analysts caution oil prices could push the full year deficit to a new high while foreigners fund roughly two billion dollars daily of U.S. deficits.
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Washington
America
Commerce Department
U.S
Douglas Porter
BMO Nesbitt Burns
Toronto
Dubai
Jack Reed
Congress
Joint Economic Committee
University of Michigan
Federal Reserve
Stockyards Market Summary for Eastern Cornbelt Cattle and Illinois Hogs
Prices across weights for bf 0.5 to 0.9 inch range from 69.00 to 83.33 with negotiated purchases totaling 12,239. Trading in Illinois Direct Hogs remains steady with moderate to good demand and light to moderate offerings. US 1-3 hog weights 300-400 lbs 28.00-33.00, 400-500 lbs 28.00-34.00, 500-600 lbs 31.00-34.00, few 35.00, over 600 lbs 31.00-35.00, boars under 300 lbs 24.00-32.00, over 300 lbs 12.00-18.00.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Associated Press
Stocks fall after two days of dramatic gains
NEW YORK Stocks fell slightly as the week ended after a zigzag trading spell that included a steep selloff and a sharp rebound. Major indexes were mixed as large caps rose and small caps slipped while the Dow gained about 110 points on Wednesday and nearly 200 on Thursday. Investor profit taking capped the two day rally.
MENTIONED IN THIS ARTICLE
New York
Mike Malone
Cowen & Co
Dow Jones Downgrades Close At 11 014 55
Market summary shows Dow Jones High 11045.20 Low 10984.13 as closing at 11014.55 down 0.64 points. S and P 500 at 1251.54 down 4.62, Nasdaq Composite 2129.95 down 14.20, NYSE 7933.86 down 42.59, Russell 2000 693.07 down 7.98, Wilshire 5000 12594.94 down 50.76.
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