UAW ends year with grumble over new auto contracts
In a year marked by bold union talk and a profit surge for Detroit automakers, UAW deals with Ford GM and Fiat Chrysler deliver wage gains and profit sharing but trigger dissent. Some workers say concessions needed more recovery. contracts phase out two tier pay, with newer hires facing slower paths to parity.
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Pfizer Allergan merger reshapes pharma giant and tax landscape
The $160 billion Pfizer Allergan deal would merge for a world leading drug company and shift tax headquarters to Ireland. It faces regulatory and shareholder approvals amid warnings of higher drug prices and increased inversion activity.
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Ford recalls 450K cars for possible fuel leak
Ford recalls about 452000 midsize Ford Fusion and Mercury Milan sedans built in Mexico from 2008 to 2011 after a valve on a gasoline vapor recovery canister may stick causing air pressure changes and a potential fuel leak. No fires or injuries reported. Dealers will inspect and replace parts and update software. About 411000 in the United States, 34000 in Canada, 7000 in Mexico.
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