UAW calls Stellantis contract offer 'trash'

(Reuters) -United Auto Workers (UAW) union President Shawn Fain angrily tossed contract proposals from Stellantis in a trash can on Tuesday, citing numerous concessions that the Chrysler parent is seeking in labor talks.

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09-08-2023

UAW angrily tosses Stellantis contract offer in trash

(Reuters) -United Auto Workers (UAW) union President Shawn Fain angrily tossed contract proposals from Stellantis in a trash can on Tuesday, saying the Chrysler parent is seeking numerous concessions in ongoing contract talks.

newspaper

08-08-2023

UAW says Chrysler-parent Stellantis seeking concessions in talks

The United Auto Workers (UAW) union said Tuesday Chrysler-parent Stellantis is seeking numerous concessions in ongoing contract talks including cuts to existing medical coverage.

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08-08-2023

US wholesale inventories revised lower in June

U.S. wholesale inventories fell more than initially estimated in June, which could have implications for the second-quarter gross domestic product estimate.

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08-08-2023

Fed may be at point to 'hold rates steady,' Harker says

(Reuters) -Barring any abrupt change in the direction of recent economic data, the U.S. Federal Reserve may be at the stage where it can leave interest rates where they are, Philadelphia Fed President Patrick Harker said on Tuesday.

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08-08-2023

Tyson Foods to shut four US chicken plants in blow to small towns

CHICAGO (Reuters) -Tyson Foods is shutting four more chicken plants - in Arkansas, Indiana and Missouri - to cut costs, a blow to small communities in the U.S. heartland that depend on the meatpacker for nearly 3,000 jobs.

newspaper

07-08-2023

Sage tumbles to record low on clinical depression pill setback

Shares of Sage Therapeutics slumped to a record low on Monday after the U.S. health regulator approved the company and partner Biogen's pill for postpartum depression, but rejected it as a treatment for major depressive disorder.

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07-08-2023

Tyson Foods shares tumble on slowing demand, plant closures

(Reuters) -Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products.

newspaper

07-08-2023

Yuan loses core support as firms leave China

Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency.

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07-08-2023