Archive for September, 2007

UPS says deal with Teamsters possible by Monday (Reuters)

Saturday, September 29th, 2007

United Parcel Service drivers wait to load a UPS truck outside a UPS store where customers can bring parcels for shipping in Los Angeles October 16, 2006. United Parcel Service Inc  (Fred Prouser/Reuters)Reuters - United Parcel Service Inc said
on Saturday it may reach an agreement with its unionized U.S.
drivers as early as Monday.

ECB's Trichet-transparency best vaccine vs contagion (Reuters)

Saturday, September 29th, 2007

European Central Bank President Jean-Claude Trichet looks on before a conference at the University of Lausanne in Lausanne September 21, 2007. Bouts of economic and financial market turbulence over the past 25 years have shown policymakers that transparency is the best protection against contagion from such events, European Central Bank president Jean-Claude Trichet said on Saturday. (Denis Balibouse/Reuters)Reuters - Bouts of economic and
financial market turbulence over the past 25 years have shown
policymakers that transparency is the best protection against
contagion from such events, European Central Bank president
Jean-Claude Trichet said on Saturday.

GM trades jobs for concessions in UAW contract (Reuters)

Friday, September 28th, 2007

United Auto Workers (UAW) union members picket outside the General Motors Flint Assembly Plant in Flint, Michigan September 25, 2007. General Motors Corp would be able to buy out as many as 24,000 UAW workers and replace them with lower-paid hires under a tentative contract agreement, the Wall Street Journal reported on its Web site on Friday. (Rebecca Cook/Reuters)Reuters - General Motors Corp. agreed to
keep 16 union-operated plants through 2011 in exchange for a
cost-saving deal on health care and other concessions,
according to the terms of the top U.S. automaker's tentative
labor contract with the United Auto Workers union.

Consumer spending higher than expected (AP)

Friday, September 28th, 2007

AP - Consumers shrugged off sagging home prices and financial market turmoil in August to push up spending by a better-than-expected amount.

Wall Street dips as quarter comes to an end (Reuters)

Friday, September 28th, 2007

A street sign on Wall Street outside the New York Stock Exchange September 18, 2007. (Brendan McDermid/Reuters)Reuters - Stocks dipped on Friday as money
managers locked in profits on the last trading day of a strong
September, while concerns surfaced about the strength of
profits during a turbulent third quarter.

Spending up, inflation slower (AP)

Friday, September 28th, 2007

Consumer Carlos Garda shops at the COSTCO warehouse in Glendale, Calif. in this Aug. 10, 2007 file photo. The Commerce Department reported Friday, Sept. 28, 2007, that consumer spending rose by 0.6 percent in August, the best showing in four months and better than the 0.4 percent increase that had been expected. Incomes rose by 0.3 percent, slightly lower than had been expected.  (AP Photo/Damian Dovarganes, file)AP - Consumers shrugged off sagging home prices and financial market turmoil in August to push up spending by a better-than-expected amount.