China files WTO case over U.S. anti-dumping measures
China petitions the World Trade Organization challenging U.S. anti-dumping duties on 24 products including paper steel tires and kitchen appliances worth 7.2 billion dollars. Beijing seeks consultations as Washington accuses Beijing of improper subsidies ahead of a broader U.S. election year trade battle.
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CAW and Ford near deal as strike deadline looms in Canada
The Canadian Auto Workers union announced a tentative four year contract with Ford Motor Co. promising no base wage raises, a 60 percent new hire rate of the current top wage, a $2,000 cost of living lump sum, and a $3,000 ratification bonus. The union may extend the midnight deadline if talks progress with GM and Chrysler, or trigger a strike if offers are deemed unacceptable.
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McDonald's to roll out McNoodles in Austria
McDonald's plans a limited run of McNoodles in Austria featuring noodles with vegetables, salad, chicken and curry or sweet and sour sauce. The launch follows over a year of development and marks the first use of the name McNoodles. The company notes Asian noodle dishes are popular there and cites global menu localization.
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iPhone 5 orders surpass 2 million in first 24 hours
Apple began taking orders for the iPhone 5 with prices for 16 32 and 64 GB models. Early demand exceeded initial supply delaying some deliveries to October. Analysts note the newer larger screen and LTE capability may drive strong sales.
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