UAW presses Detroit automakers for better offer, threatens more walkouts

UAW presses Detroit automakers for better offer, threatens more walkouts

[1/2]The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook// Acquire Licensing Rights DETROIT, Oct 20 (Reuters) – United Auto Workers President Shawn Fain on Friday warned of more walkouts at U.S. truck and SUV factories unless the … Read more

Elevance raises 2023 profit forecast on easing fears over medical costs

Elevance raises 2023 profit forecast on easing fears over medical costs

Oct 18 (Reuters) – Health insurer Elevance Health (ELV.N) raised its annual adjusted profit outlook and beat Wall Street estimates for third-quarter profit on Wednesday, on the back of lower-than-expected medical costs, sending shares over 2% higher. Elevance, however, took a nearly $700 million charge due to job cuts and write-offs from some technology assets … Read more

Ford, UAW leaders spar as auto strike costs rise

Ford, UAW leaders spar as auto strike costs rise

[1/5]Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. Jeff Kowalsky/Ford Motor Co./Handout via REUTERS. Acquire Licensing Rights DEARBORN, Michigan, Oct 16 (Reuters) – Ford (F.N) executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike … Read more

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking … Read more

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

[1/2]The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 12 (Reuters) – Wall Street bonuses could fall 16% this year as interest rates possibly staying higher for longer threatens the … Read more

Kaiser Permanente and healthcare workers head for labor clash as strike deadline looms

Kaiser Permanente and healthcare workers head for labor clash as strike deadline looms

[1/2]A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023 as more than 75,000 Kaiser Permanente healthcare workers could go on strike from Oct. 4 to Oct. 7 across the United States. REUTERS/Mike Blake Acquire Licensing Rights WASHINGTON, Oct 3 (Reuters) – Kaiser Permanente appeared headed for a labor clash … Read more

No tax cuts yet, UK finance minister Hunt tells Conservatives

No tax cuts yet, UK finance minister Hunt tells Conservatives

[1/2]British Chancellor of the Exchequer Jeremy Hunt attends the Britain’s Conservative Party’s annual conference in Manchester, Britain, October 2, 2023. REUTERS/Hannah McKay Acquire Licensing Rights Hunt cannot commit to pre-election tax cuts Repeats Sunak’s mantra of ‘tough decisions’ Truss will put more pressure on government MANCHESTER, England, Oct 2 (Reuters) – British finance minister Jeremy … Read more

Air Canada pilots stage protests in Toronto as contract deadline looms

Air Canada pilots stage protests in Toronto as contract deadline looms

Air Canada planes are parked at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights Sept 29 (Reuters) – Air Canada (AC.TO) pilots staged a protest at Toronto’s Pearson Airport on Friday, demanding better pay and benefits as talks over a new contract covering 4,500 pilots at Canada’s … Read more

US Q2 GDP growth unrevised at 2.1%; weekly jobless claims edge higher

US Q2 GDP growth unrevised at 2.1%; weekly jobless claims edge higher

Container ships are shown at the Port of Los Angeles from San Pedro, California, U.S., June 23, 2023. REUTERS/Mike Blake Acquire Licensing Rights WASHINGTON, Sept 28 (Reuters) – The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter … Read more

US government shutdown could add misery to air travel

US government shutdown could add misery to air travel

[1/2]Travelers wait in lines at LaGuardia Airport in New York City after hundreds of flights were grounded or delayed at New York-area airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. Acquire Licensing Rights Read … Read more