UAW reaches tentative pact with Chrysler ends strike
The United Auto Workers said it reached a tentative contract with Chrysler and called off a brief walkout after an 11 am deadline. Ratification votes by Chrysler workers will determine the pact. The deal aims to protect jobs wages pensions and health care for active and retired members. Chrysler had no immediate comment. The strike followed a similar walkout at GM two weeks earlier amid bargaining on a four year agreement.
MENTIONED IN THIS ARTICLE
United Auto Workers Union
Chrysler
U.S
UAW
Ron Gettelfinger
Dodge
Jeep
Twinsburg
Ohio
Toledo
Pettysburg
General Motors Corp
Auburn Hills
Mich
Cerberus Capital Management
United States
Toyota
Racial Gaps Seen in 401k Plans at Large Employers
The Associated Press reports that Exelon Corp and McDonald’s Corp have found significant racial gaps in 401(k) participation and contributions. Exelon notes about 15% of black employees do not participate versus 10% of whites, with one in three black workers contributing under 5% of pay. McDonald’s found only half of its black store managers contributed, lower than whites, prompting auto enrollment at in New York event. Experts cite education gaps, risk misconceptions, and cultural factors as reasons. Government efforts to boost financial literacy are urged.
MENTIONED IN THIS ARTICLE
New York
Exelon Corp
Andrea Zopp
Exelon
McDonald's Corp
Com
Pany
Fidelity Investments
Vanguard Group
America
Toyota teams with advergame to market Yaris to 20-somethings
Toyota releases a free Xbox 360 game promoting the Yaris aimed at young adults. The game features a Yaris with a turret option for Xbox users who download it. Advertisers increasingly tap into game worlds as Nielsen cites 75 million in game ad spending last year.
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Washington
Toyota
Nielsen
Sony
Las Vegas
Electronic Arts
Burger King
Chad Harp
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