UAW DaimlerChrysler talks hinge on union drive
Detroit negotiators near a wage and benefit pact while clashing over organizing nonunion plants. Prolonged talks and a midnight expiry left employees on old contracts with an indefinite extension, dampening near-term strike chances as DaimlerChrysler, Ford, and GM press for three to four year deals.
MENTIONED IN THIS ARTICLE
Detroit
UAW
Damler-Chrysler
U S
Daimler
Chrysler
Ford
DaimlerChrysler
Kokomo
Ind
St Loui
Daimler-Chrysler
U.S
Auburn Hills
Mich
Airlines propose steps to improve passenger service
Washington AP major airlines unveiled detailed plans to boost customer service amid congressional and passenger discontent. United will deploy mobile computers at gates for easier rebooking. Delta will offer cheaper alternatives and call passengers when cancellations exceed two hours. US Airways will form a 12 member consumer advisory board. Delta chief Leo Mullin urged restoring public trust, noting the plan is not a new concept but a pledge to reestablish confidence. Plans start by December 15 but critics call them vague with loopholes such as reserving a seat until midnight next day.
MENTIONED IN THIS ARTICLE
Washington
United Airlines
U.S
Delta Air Lines
American Airlines
US Airways
Wings Club
New York
Delta
Leo Mullin
Airlines
Mullin
Motorola to buy General Instrument in $10.66 billion deal
Motorola Inc and General Instrument Corp announce a $10.66 billion merger to create a broadband division. The acquisition unites set top box leadership with Motorola's telecom push, aiming to accelerate internet access interactive games and phone services via cable. Regulators and shareholders must approve. completion anticipated next year.
MENTIONED IN THIS ARTICLE
New York
Motorola Inc
General Instrument Corp
General Instrument
Edward D. Breen
Horsham
Motorola
Breen
Wall Street
Senate blocks tougher fuel standards for light trucks
The Senate voted 55 to 40 on Wednesday to reject raising the federal fuel economy mandate for sport utility vehicles, pickups and vans. The auto industry celebrated while environmental groups lamented the setback for Clinton's plan to require light trucks to reach carlike efficiency. Current rules require cars to average 27.5 mpg and trucks 20.7 mpg.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Clinton
Ford adds 220 jobs near Cincinnati plant expansion
Ford Motor Co will hire 220 more workers at its Sharonville transmission plant within three years and invest 153 million in equipment aided by a 10 year 75 percent property tax exemption approved by Hamilton County commissioners. The tax cut helps Ford stay competitive. payroll is expected to rise to about 183 million with the new positions.
MENTIONED IN THIS ARTICLE
DaimlerChrysler
David Barnas
UAW
General Motors Corp
DammlerChrysler
Sharonville
Ohio
Ford Motor Co
Hamilton County
Ford
Cincinnati
Honda sued for alleged bias in electrical contracts
A black owned contractor Taylor Electric of Bellefontaine sues Honda of America Manufacturing in U S District Court accusing discrimination to limit its role in Honda electrical construction. The suit names Honda executives and employees as defendants with potential damages of at least 750000 dollars cited by the plaintiff's attorney. Honda says Taylor was dropped for performance and safety concerns.
MENTIONED IN THIS ARTICLE
Honda
Marysville
Columbus
Taylor
Dow Dips as Government Inflation Data Fails to Lift Mood
Wall Street fell as a government CPI report showing only modest inflation failed to reassure investors. The Dow dropped 108.91 points to 10,801.42 while the S&P 500 slid 18.32 to 1,317.97 and the Nasdaq Composite fell 54.12 to 2,814.17. The dollar weakened to 104.23 yen amid fears a softer dollar could raise inflation. Oracle slid after a lukewarm quarterly report. Motorola fell on news of a General Instrument deal, while Nasdaq techs led declines with Microsoft and Sun also lower.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Brian G. Bele
George K. Baum & Co
Kansas City
Labor Department
Wall Street
Michael Moran
Daiwa Securties America Inc
Vince
Fed
Lynn Uturn
One Group
Banc One Investment Advisors
U.S
Treasury
Oracle
Also Mentioned on This Page
Visteon
Sean McAlinden
Office For the Study of Automotive Transportation
University of Michigan
Jeep
Toledo
DamlerChrysler
TRW Inc
TRW
Daimler- Chrysler
Mercedes-Benz
Vance
Gastonia
N.C
Alisa MacNeille
Philips Electronics
Saks Fifth Avenue
Christopher B. Galvin
Schaumburg
Ill
Galvin
At&t Corp
Anton Wahlman
Warburg Dillon
Cincy
Dow
Belski
Microsoft
Sun Microsystems
Nple
New York Stock Exchange
Germany
Britain
France
Japan
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