Tentative agreement with Ford is a big win for UAW, experts say

United Auto Workers President Shawn Fain declared “a major victory” this week when union members reached a tentative agreement with Ford Motor that lifts most employees’ pay past $40 an hour. The tentative deal is indeed a huge win for autoworkers, organized labor experts told CBS MoneyWatch. The latest offer, announced Wednesday, includes a 25%…

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Journal Sentinel

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GM, Stellantis work to reach UAW contract deals

Oct 26 (Reuters) – General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI). were in intensive talks on Thursday with the United Auto Workers in an effort to end a six-week-old strike a day after Ford Motor (F.N) reached a tentative contract deal. Ford on Wednesday was the first of Detroit’s Big Three car manufacturers to…

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Magic see better poise vs. Rockets before heading west

Fred VanVleet sunk a 3-point basket at 7:16 of the third quarter to bring the Rockets within one point of the Magic on opening night at Amway Center. In year’s past, Orlando might have completely squandered its lead after jumping ahead by as many as 17 points in the first half against Houston. Instead, this…

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Ford earnings rise despite UAW strike hit

New York CNN — Ford earnings increased in the third quarter, the company reported Thursday, the day after it reached a tentative deal to end a nearly six-week strike by the United Auto Workers union. The company earned adjusted earnings before interest and taxes, or EBIT, of $2.2 billion, up from $1.8 billion a year…

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Amazon Stock: AMZN Rises As Earnings Beat, AWS Builds AI Momentum

Amazon (AMZN) late Thursday reported third-quarter earnings and revenue growth that topped Wall Street’s estimates. Amazon stock was rising Friday, particularly after the tech giant called out deal momentum for its cloud services business. X For the quarter ending in September, Amazon reported adjusted earnings of 94 cents a share. Revenue increased 13% year over…

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Ford’s U.A.W. Deal Will Raise Costs While Easing Labor Strife

When autoworkers went on strike in September, executives of the large U.S. automakers warned that union demands could significantly undermine their ability to compete in a fast-changing industry. The chief executive of Ford Motor said that the company might have to scrap its investment in electric vehicles. The future doesn’t look quite that bleak now…

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