UAW and FCA Reach Tentative Deal on Two-Tier Wages
UAW and Fiat Chrysler Automobiles reach a four year tentative contract to reduce rising health care costs and gradually eliminate the two-tier wage structure affecting FCA's 39 000 unionized workers. President Dennis Williams says the pattern could guide GM and Ford while seeking more gains from larger rivals.
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Fiat Chrysler Automobiles
FCA
Dennis Williams
Ford
Bill Samples
Ohio
Avon Lake
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Fed weighs rate hike as Yellen leads high-stakes meeting
Federal Reserve policy makers convene for two days to decide if the key interest rate should rise for the first time in years. The room features a mural of the United States as Janet Yellen and colleagues balance employment, price stability, and financial stability amid market uncertainty.
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Three things to watch in Fed decision
The Fed may raise rates for the first time in nine years or wait until December. If hikes occur, the benchmark rate will stay near zero but borrowing costs across the economy will rise gradually affecting loans for cars homes and college.
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Kevin G. Hall McClatchy
Washington Bureau
Washington
Federal Reserve
Fed
Anheuser Busch InBev eyes SABMiller merger
AB InBev confirmed it has approached SABMiller about a potential combination aiming for a recommended transaction. SABMiller would review any proposal as regulators scrutinize antitrust issues, with Oct. 14 takeover deadline in the UK looming and SABMiller stock rising on the news.
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Reuters
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