Deere and Co

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UAW Members to Vote Again on Ending Deere Strike

10K workers have been off the job for a month

(Newser) - For the third time, Deere & Co. and United Auto Workers negotiators have agreed on tentative contract that could end a monthlong strike. The new deal, announced Friday night, makes changes to the proposal UAW members rejected on Nov. 2, the New York Times reports, by a 55%-45% margin. That...

10K John Deere Workers Went on Strike at Midnight
Deere, UAW Have
Tentative Deal to End Strike
updated

Deere, UAW Have Tentative Deal to End Strike

Workers will stay off the job until agreement is ratified

(Newser) - Updated: Deere & Co. and the United Auto Workers reached a tentative labor deal Saturday that would end the union's strike. Workers will stay out, however, while they consider the terms and vote on the six-year agreement, the AP reports. An earlier tentative deal was rejected by UAW members...

Manufacturing Stats Send Dow Down 187
 Manufacturing Stats 
 Send Dow Down 187 
MARKETS

Manufacturing Stats Send Dow Down 187

Manufacturing, housing demand reports disappoint

(Newser) - Stocks fell today as a sharp monthly decline in the New York Fed’s manufacturing index hammered the materials, industrial, and energy sectors, the Wall Street Journal reports. Alcoa fell 6.3%, with Caterpillar, John Deere, and GE also down. In housing, the National Association of Home Builders’ index of...

Belt-Tightening Spares Older Workers

Increasingly, companies value maturity, experience of older employees

(Newser) - As companies nationwide cut tens of thousands of jobs, younger workers appear to be taking a hit as companies try to retain older, more experienced employees, reports BusinessWeek. Boomers increasingly have become corporate America’s gold standard: “When you’re in your 50s and 60s, you’re in your...

Credit Crunch Hits Bond Market
Credit Crunch Hits Bond Market

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz, ...

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