UAW rejects new GM offer, makes new counterproposal
The United Auto Workers union said a new comprehensive offer made by General Motors Co late Monday to end a two-week-old strike was not acceptable and said it had made a new counterproposal.
The United Auto Workers union said a new comprehensive offer made by General Motors Co late Monday to end a two-week-old strike was not acceptable and said it had made a new counterproposal.
The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the U.S.-China trade war is hobbling the world's largest economy.
Deere & Co. said on Tuesday it will indefinitely lay off 163 U.S. manufacturing workers at plants that make agricultural, forestry and construction equipment, citing decreased customer demand.
JPMorgan Chase & Co has become so big that some rival banks and analysts say changes to its $2.7 trillion balance sheet were a factor in a spike last month in the U.S. "repo" market, which is crucial to many borrowers.
Oil futures sank on Tuesday as weak U.S. economic data dimmed crude's demand outlook and pressured prices, while reports of a third-quarter decline in output from the world's largest oil producers kept oil from falling further.
While most consumers say they have some sort of budget, the majority of them they struggle to stick to it.
Deere & Co on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand.
Visa , Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc's cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Exxon Mobil Corp's operating profits fell last quarter for the fourth consecutive period, according to a regulatory filing on Tuesday that showed all three of its major businesses slumping from a year ago.
WeWork's parent The We Company's new management team is considering curbing its expansion plans in China as part of the company's new emphasis on controlling costs, the Wall Street Journal reported, citing people familiar with the matter.
Global credit rating agency Fitch Ratings on Tuesday downgraded WeWork's credit rating by two notches to "CCC+", putting the Softbank-backed office-sharing firm deep into junk territory a day after it abandoned an initial public offering.
Credit Suisse on Tuesday revealed the findings of an internal investigation into a plot to spy on a former top executive.
Juul Labs Inc on Tuesday hired the head of regulatory affairs at its part-owner Altria Group Inc to take on a similar role at the e-cigarette maker, amid a regulatory backlash against the growth of teen vaping in the United States.
Johnson & Johnson said on Tuesday it will pay $20.4 million to settle claims by two Ohio counties in a lawsuit that accused the drugmaker of contributing to an U.S. opioid addiction epidemic.
Global shares retreated to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade-low, sparking worries that the fallout from the U.S.-China trade war is starting to spread to the U.S. economy.