Abbott Laboratories fell just short of Wall Street estimates for quarterly revenue on Wednesday, as weakness in the medical device maker’s cardiovascular business overshadowed strong performance in its fast-growing diabetes care unit.
General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the future of U.S. auto industry jobs.
- UAW, GM leaders have a deal, now workers will decide (Reuters: Oct 16, 2019 at 5:50 PM)
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
- Weak U.S. retail sales cast pall over slowing economy (Reuters: Oct 16, 2019 at 5:16 PM)
Fiat Chrysler Automobiles NV faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, the automaker confirmed Wednesday.
Volvo unveiled its first fully electric model on Wednesday as it aims to put 1 million electrified cars on the road by 2025.
Three Asian metropolises – Tokyo, Beijing and Singapore – are the world’s leading environmentally-friendly commuting cities, a report to be released by data insight company Kantar on Thursday says.
- Asian metropolises top list of world’s greenest commuter cities (Reuters: Oct 16, 2019 at 2:51 PM)
… Automotive Research has estimated the strike, which is in its fifth week, has cost GM about $450m per week. Much of GM’s North American operations have ground to a halt amid the walkout, with more than…
General Motors Co and the United Auto Workers union have reached a tentative agreement for a new labor deal to end a month-long nationwide strike by about 48,000 hourly workers, the union said on Wednesday.
General Motors Co and the United Auto Workers union have reached a tentative deal for a new four-year labor deal, moving the sides closer to ending the month-long strike that had drawn the attention of U.S. President Donald Trump and potential Democratic rivals in the 2020 presidential election.
- GM, UAW reach tentative deal to end strike (Reuters: Oct 16, 2019 at 3:48 PM)
- GM, UAW reach tentative deal to end strike (Reuters: Oct 16, 2019 at 4:13 PM)
- GM, UAW reach tentative deal to end strike (Reuters: Oct 16, 2019 at 4:00 PM)
…the new technology . It has orders for 23 machines, each the size of a bus and costing €120m apiece. The new machines overcome the limitations inherent in using light to produce patterns on silicon. The…