GM UAW talks slow as retiree health care stalls deal
Contract talks between United Auto Workers and General Motors paused Monday night due to the complexity of retiree health care and other issues. GM and UAW acknowledge progress but high stakes and large sums slow finalizing a deal. Analysts say a settlement could avert a strike, with markets watching the talks and Ford and Chrysler reacting to potential terms.
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M&M maker opposes substitute oils for chocolate
Mars Inc. pledged to keep using 100 percent cocoa butter in U.S. chocolate and opposed replacing cocoa butter with vegetable fats, as industry groups push to loosen federal standards to 5 percent substitution. Mars announced its stance at the All Candy Expo in Chicago.
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Problem home loans up at National City
National City Corp. reported a 58 percent year over year rise in problem residential mortgage loans at risk of foreclosure, reaching a one year high in August. Treasurer Thomas Richlavsky cited deteriorating mortgage conditions and nationwide delinquency increases, with some markets softening or seeing price declines.
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National City Corp
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National City
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Court fines Chiquita 25 million under terrorism laws
A federal court accepted a plea agreement with Chiquita Brands International Inc. imposing a 25 million dollar fine for payments to Colombian narcoterrorist groups. U.S. District Judge Royce C. Lamberth approved the March agreement, placing the company on five years of probation. the fine is the largest under U.S. counterterrorism laws.
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Europe backs antitrust ruling against Microsoft
The EU Court of First Instance upheld the European Commission against Microsoft, confirming that the company abused its dominance in desktops to intrude into server software and media players in the 1990s and affirming a 497 million euro fine. The decision strengthens EU regulatory clout amid broader probes of Intel Rambus Apple and Google linked deals and antitrust cases.
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Dole recalls Hearts Delight salad over E coli test
Dole Food Co recalls Hearts Delight bagged salad after a Canadian store sample tested positive for E coli. The voluntary recall covers all US and Canada packages with a best by date September 19 2007 and production code A24924A or A24924B. The product was sold in Canada and in eastern and midwestern states including Ohio.
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