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U.S. President Joe Biden puts on a t-shirt of the UAW Local 1268 during a United Auto Workers (UAW) union members meeting, in Belvidere, Illinois, U.S., November 9, 2023. DETROIT – President Joe Biden said Thursday that all autoworkers deserve contracts like the ones recently won by the United Auto Workers from General Motors , Ford Motor and Chrysler-parent Stellantis . Biden, wearing a red UAW T-shirt given to him by a local union leader, said the deals won by UAW negotiators are "game changers" that set a "new standard" for blue-collar workers. "I'm a little selfish, I want this type of contract for all autoworkers," Biden said during a visit with UAW President Shawn Fain in Belvidere, Illinois. "I told my team, 'Make Stellantis know Belvidere is a priority,' so I got on the phone and let him know personally I thought it was a priority," Biden said.
Persons: Joe Biden, Stellantis, Biden, Shawn Fain, Mark Stewart Organizations: UAW, United Auto Workers, DETROIT, General Motors, Ford Motor, Chrysler, Stellantis North Locations: Belvidere , Illinois, U.S, Stellantis North America, Belvidere
How a No-Nonsense Union Leader Became a Style Icon
  + stars: | 2023-11-08 | by ( Jacob Gallagher | ) www.wsj.com   time to read: 1 min
The United Auto Workers union struck a landmark series of deals with some of the nation’s largest automakers in recent weeks. Photo: Rebecca Cook/ReutersA few weeks into the United Auto Workers strike, the union’s straight-shooting president, Shawn Fain, appeared on a video livestream to update his members on the progress of negotiations. Things weren’t going well, and Fain did not mince words. “I’ll tell it to you straight. The billionaires and company executives think us autoworkers are just dumb,” he said.
Persons: Rebecca Cook, Shawn Fain, Fain Organizations: United Auto Workers, Reuters
The tech theme has been reigning supreme this year and one segment in particular stands out to Morgan Stanley: the memory sector. The Morgan Stanley analysts have penciled in a 14% price hike for NAND and 10% increase for DRAM this quarter. Even so, Morgan Stanley says that the recovery in the memory sector is just starting and is still "front-running a lot of good things that are supposed to happen much later." Top pick and buy-rated stocks The optimistic outlook for the memory sector spells good news for a raft of stocks in Asia. Morgan Stanley is overweight on the stock and gives it a price target of 500 New Taiwanese dollars ($15.52), or around 1% upside.
Persons: Morgan Stanley, Morgan, Shawn Kim, Nvidia, — CNBC's Michael Bloom Organizations: Korean chipmaker SK Hynix, Samsung Electronics, , SK Hynix, Korean, SK Hynix —, Samsung, Phison Electronics Locations: HBM, Asia
United Auto Workers President Shawn Fain addresses the audience during a rally in support of striking UAW members in Detroit, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 8 (Reuters) - United Auto Workers President Shawn Fain said on Wednesday the union will "pull out all stops" in working to organize non-union U.S. auto plants after winning new contracts with the Detroit Three automakers. In an video interview at the Reuters Events auto conference in Detroit, Fain said the UAW is aggressively working on its organizing plans. We're going to leverage every avenue we can and we're going to find creative ways to get to workers," Fain said. Fain said the UAW deserved credit for Toyota Motor (7203.T) decision's last week to raise the wages of nonunion U.S. factory workers.
Persons: Shawn Fain, Rebecca Cook, Fain, Joe Biden, decision's, Biden, David Shepardson, Joseph White, David Gregorio Our Organizations: United Auto Workers, REUTERS, U.S, Detroit Three, Chrysler, Reuters, UAW, Toyota Motor, Toyota, nonunion, Thomson Locations: Detroit , Michigan, U.S, Belvedere , Illinois, Detroit, Illinois
The United Auto Workers union struck a landmark series of deals with some of the nation’s largest automakers in recent weeks. Photo: Rebecca Cook/ReutersA few weeks into the United Auto Workers strike, the union’s straight-shooting president, Shawn Fain, appeared on a video livestream to update his members on the progress of negotiations. Things weren’t going well, and Fain did not mince words. “I’ll tell it to you straight. The billionaires and company executives think us autoworkers are just dumb,” he said.
Persons: Rebecca Cook, Shawn Fain, Fain Organizations: United Auto Workers, Reuters
He had spoken against TikTok's Creator Fund. Victoria Paris, a 24-year-old full-time influencer, previously told Insider that she earned just over $40,000 from TikTok's creator fund in 2021. He also had spoken against the TikTok Creator Fund. Steve Granitz/Getty ImagesShawn Owens, 27, said the creator fund isn't set up to benefit micro-influencers like himself. Despite having 70,000 followers and plenty of viral moments, Owens said he "never made any substantial money from the Creator Fund."
Persons: TikTok, , Hank Green, TikTokers, MrBeast, Paris, Steve Granitz, Shawn Owens, isn't, Owens Organizations: Service, TikTok's, Creator, Creativity, TikTok Locations: France, Germany, TikTok, Victoria Paris
U.S. President Joe Biden delivers remarks on infrastructure during an event at the Amtrak maintenance facility in Bear, Delaware, U.S., November 6, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - President Joe Biden on Thursday will meet with United Auto Workers President Shawn Fain and tout the decision of Chrysler-parent Stellantis to reopen a shuttered assembly plant in Belvidere, Illinois, a White House official said. Illinois Governor J.B. Pritzker will attend Thursday's event, where Biden will make remarks, the official said. The new Stellantis investments include $1.5 billion in the Toledo Jeep operations, including building an EV Jeep Wrangler in 2028. The UAW said Stellantis wanted to cut 5,000 jobs going into the talks.
Persons: Joe Biden, Leah Millis, Shawn Fain, Stellantis, Fain, Biden, White, J.B, Pritzker, David Shepardson, Nandita Bose, David Gregorio Our Organizations: Amtrak, REUTERS, Rights, United Auto Workers, Chrysler, White, UAW, Detroit Three, Illinois, Toledo Jeep, EV, Dodge, Jeep, Thomson Locations: Bear , Delaware, U.S, Belvidere , Illinois, Illinois, Michigan, Belvidere, Toledo, Detroit, Dodge Durango
WASHINGTON (AP) — President Joe Biden on Thursday will meet in Belvidere, Illinois, with the head of the United Auto Workers union, and the two leaders are expected to highlight plans to reopen an auto factory that Stellantis wanted to close. The White House announced in a statement Tuesday afternoon that during the visit, Biden will deliver remarks and meet with UAW members and the union's president, Shawn Fain. The contracts, if approved by 146,000 union members in the coming weeks, would dramatically raise pay for auto workers. J.B. Pritzker will also attend Thursday's meeting, the White House said. About 1,200 workers will be brought back to the idled plant and another 1,300 will be added at the battery factory.
Persons: Joe Biden, Stellantis, Biden, Shawn Fain, Fain, J.B, Pritzker Organizations: WASHINGTON, United Auto Workers union, White House, UAW, Motors, Ford, Dodge, Stellantis, Democratic, Illinois Gov Locations: Belvidere , Illinois, Belvidere
The Supreme Court will consider a federal law that an appeals court struck down for violating the constitutional right to keep and bear arms. Photo: shawn thew/ShutterstockWASHINGTON— Zackey Rahimi pulled a gun on his ex-girlfriend in a parking lot and shot at a witness who saw them arguing, prompting a Texas family court to issue a protective order in 2020 temporarily forbidding him from possessing firearms. Rahimi ignored the order, authorities say, going on to threaten another woman with a gun, fire an AR-15 into the house of one of his narcotics customers, and shoot into the air at a Whataburger drive-through after his friend’s credit card was declined. That led to his conviction under a 1994 federal law prohibiting people under domestic-violence orders from possessing guns—and set up the latest chapter in the modern history of the Second Amendment.
Persons: shawn thew, Rahimi Organizations: WASHINGTON Locations: Texas
Martin acoustic guitars are some of the most popular and well-known high-end acoustic guitars in the world. They're owned and played by pop stars like Ed Sheeran and Shawn Mendes. In the past, Elvis Presley, John Lennon, Kurt Cobain, and Bob Dylan all have used Martin guitars. Martin is one of the oldest guitar brands still active, having opened in 1833 in downtown Manhattan, New York. Today, the company is based in Nazareth, Pennsylvania, and is still owned by the descendants of its founder, Christian Frederick Martin.
Persons: Martin, Ed Sheeran, Shawn Mendes, Elvis Presley, John Lennon, Kurt Cobain, Bob Dylan, Christian Frederick Martin Locations: Manhattan , New York, Nazareth , Pennsylvania
Tesla is giving 11,000 staff at its Berlin Gigafactory a 4% pay rise, per the WSJ. Tesla workers in Sweden are already on strike, while the UAW wants to recruit members. AdvertisementAdvertisementTesla is giving workers at its Berlin Gigafactory a pay rise as unions eye the EV manufacturer, The Wall Street Journal reported. But the pay rise also comes at a shaky time for Tesla management. AdvertisementAdvertisementLast month, IG Metall said union signups from Tesla workers had surged, and accused the company of failing to follow health and safety protocol.
Persons: Tesla, , Elon Musk's, Rishi Sunak, IG, Metall, Shawn Fain Organizations: UAW, Service, Street Journal, The, AI, British, Reuters, Germany's, United Auto Workers, Detroit, General Motors . ", Tesla, Toyota, Honda, CNBC Locations: Berlin, Sweden
Jared Cohen: If you reflect back on most of the last 20 years, the geopolitical center of gravity has been in the Middle East. But there’s a paradigmatic shift where the geopolitical center of gravity has moved from the Middle East to Washington and Beijing. That’s before you get into other factors like the war in Europe, now, the war in the Middle East and a variety of other things. I don’t think that’s the case. Leaders in the Middle East have a big vision of their role in the world.
Persons: Goldman Sachs, won’t, Goldman, Bell, Jared Cohen, Cohen, they’re, They’ve, it’s, They’re, Bill Ackman, , Ackman, Claudine Gay, , Lawrence Summers, Clinton, ” Summers, Chris Isidore, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Goldman Sachs Global Institute, Applied Innovation, Global Affairs, Google, Harvard, Harvard University, Israel, Pershing Square Capital Management, “ Harvard, Civil, CNN, UAW, United Auto Workers, General Motors, Ford Locations: New York, China, Europe, East, Washington, Beijing, Taiwan, South China, Israel
[1/2] United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. The UAW released more details of its tentative 4-1/2 year deal with GM <on Saturday. Temporary workers will have a faster path to full-time status and could see wages rise by about 50% immediately. The GM agreement will move more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. "This contract has wage increases and economic gains like nothing we've ever seen before," UAW Vice President Mike Booth said.
Persons: Shawn Fain, Rebecca Cook, Mike Booth, Fain, Joe White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Rights DETROIT, General Motors, UAW, GM, Detroit, Ford, Chrysler, Auto, Toyota, Honda, Volkswagen, Hyundai, Tesla, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Lordstown , Ohio, Orion, Michigan, Spring Hill , Tennessee, Detroit, Bengaluru
Before a single ballot was cast, Louisiana Democrats knew they couldn’t win control of the State Legislature this year. It was mathematically impossible, because a lack of candidates meant they were not even contesting the majority of districts. Their best hope for political success rested with Shawn Wilson, a former state transportation secretary, and the expectation he would force a runoff against Jeff Landry, the state’s hard-line Republican attorney general, in an open primary for governor. At least, Democrats reasoned, Mr. Wilson would make it a little harder for the overwhelmingly favored Republican to flip control of the governor’s mansion in a region increasingly dominated by conservatives. But when Mr. Landry won a majority of the primary vote in October, eliminating the need for a runoff, the results instead laid bare the bleak conditions of a state Democratic Party decimated by internal divisions, paltry fund-raising totals and a disenchanted voter base.
Persons: Shawn Wilson, Jeff Landry, Wilson, Landry Organizations: Louisiana Democrats, Republican, Democratic Party Locations: Louisiana
Tens of thousands of demonstrators were expected to fill the streets of Washington and other cities across America on Saturday to protest the scope and scale of Israel’s retaliation in Gaza for last month’s terrorist assault by Hamas. Most Americans say that they sympathize with Israel, even as they dread the war’s fallout for their own country. But as Israel escalates attacks on Gaza and fatalities reported by Gazan authorities rise, U.S. support for Palestinian civilians has surged as well. Nonetheless, a 51 percent majority supported sending more military aid to Israel for their campaign against Hamas, and 71 percent supported humanitarian assistance for Palestinian civilians in Gaza. Washington was expected to be a hub of protest.
Persons: Saturday’s, Washington Organizations: Quinnipiac University, Hamas, White, Museum of, Palestinian People, Freedom Locations: Washington, America, Gaza, New York, Seattle, San Francisco, Orono , Maine, Israel, U.S, United States, Pennsylvania
Gene Sperling, the White House liaison for the strike talks, was in daily contact with executives at the UAW and the three automakers. By that point, there was enough trust that the misunderstanding did little from the White House perspective to hurt the relationship. The UAW president declined to endorse the president who had engaged in the historic outreach. So as I said we’ll do that when it’s time.”Still, the White House saw itself as building trust with the UAW as the talks progressed. As soon as a tentative agreement was in place, Barra told the gathered negotiators that she needed to text the White House.
Persons: Joe Biden, Shawn Fain, Biden, Fain, Gene Sperling, Sperling, We’re, Donald Trump, “ I’m, ” Biden, , Julie Su, Su, umbrage, , ” Fain, “ We’ll, Ford, Stellantis, Mary Barra, Barra, Tom Krisher Organizations: WASHINGTON, United Auto Workers, General Motors, UAW, GM, Ford, Chrysler, Democratic, White, Democratic White Houses, Associated Press, Democrats, AP VoteCast, Republican, Labor, Biden, AP Locations: Delaware, Michigan, Pennsylvania, Wisconsin, Detroit
New York CNN —Members of the United Auto Workers union are back on the job at General Motors, Ford and Stellantis. They can’t go on strike in sympathy with another union’s strike, and they can’t wage a strike over political issues, such as a change in government policy. The Teamsters and the UAW also both have members now on strike against a group of casinos in Detroit. The significance of May 1The date Fain sees for this collective, coordinated strike is May 1, 2028, or May Day, which is also International Workers Day. That is celebrated as a Labor Day in many other countries, but rarely in the United States, which is where its historical roots are.
Persons: Shawn Fain, , Todd Vachon, Taft, Harry Truman, Vachon, Fain, expirations, Kate Bronfenbrenner, , , “ He’s, Bronfenbrenner, McCarthy, ” Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, UAW, Rutgers University, US Department of Labor, Teamsters ’, UPS, Labor Education Research, Cornell University, Kaiser Permanente, Teamsters, Workers, Labor, Unions Locations: New York, Europe, United States, France, Detroit,
The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.
Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto
John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to expand the union's battle from the Detroit automakers to Tesla , Toyota Motor and other non-unionized automakers operating in the U.S. The UAW has previously failed to organize foreign-based automakers in the U.S. The UAW has previously discussed organizing Tesla's Fremont plant in California with little to no traction in those efforts. "Workers at Tesla, Toyota, Honda, and others are not the enemy — they're the UAW members of the future," Fain said. UAW President Shawn Fain marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan.
Persons: Shawn Fain, John J, Kim, We've, Fain, Stellantis, we've, Ford, Bill Ford, Toyota Fain, Bill Pugliano, Tesla, Elon Musk, Musk, Tom Williams Organizations: United Auto Workers, UAW, Tribune, Service, Getty, DETROIT, Detroit, Tesla, Toyota Motor, U.S, General Motors, Ford Motor, Chrysler, Volkswagen, Nissan, GM, Ford, American, . ", Toyota, Honda, Bloomberg News, Bloomberg, CNBC, Cq, Inc Locations: Chicago, U.S, Fremont, California, Kentucky, Detroit, Detroit , Michigan, Fremont , California
How the UAW's drive to 'end tiers' will change GM
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +3 min
The tentative 4-1/2 year deal will pull more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. As at Ford and Stellantis, GM will raise pay for temporary workers and give them a faster path to full-time status and wages. Eliminating tiers of lower-paid UAW workers at the Detroit Three was a top priority for Fain and UAW bargainers. Fain and UAW members would often wear red t-shirts printed with the slogan "End Tiers" at rallies and on picket lines. GM "has been the worst actor" in creating tiers of lower-wage UAW employees within its operations, Booth said in an Oct. 20 video address.
Persons: Shawn Fain, Rebecca Cook, Shawn Fain's, Fain, Mike Booth, Booth, Joe White, Peter Henderson, Josie Kao Organizations: United Auto Workers, REUTERS, Rights DETROIT, General Motors, UAW, GM, Workers, Holdings, Ford, Tesla, Detroit, automaker . Workers, Thomson Locations: Detroit , Michigan, U.S, , Ohio, Stellantis .
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Taylor Swift takes her final bow at the movie box office this weekend. After a whirlwind four weeks in theaters, the singer's Eras Tour concert film has shattered records and helped the theater industry weather a light release calendar. Heading into its final weekend, the Eras Tour film has collected $150 million in domestic receipts and more than $200 million globally. So far, the Eras Tour film is the highest-grossing domestic and global concert film release of all time, but lags just behind "Michael Jackson's This Is It" concert documentary's global haul of $262.5 million.
Persons: Taylor Swift, Lumen, Read, It's, Shawn Robbins, Michael Jackson's Locations: Seattle , Washington
It’s not a race, but Lauren Lovette seems to be running, not walking, to create a body of work for the Paul Taylor Dance Company. Last year, after becoming Taylor’s resident choreographer, she presented two new works; this week, as part of the Taylor season at Lincoln Center, she added two more, including the world premiere of “Echo” on Thursday. Dancers, all men, mainly bare chested, began a gliding procession toward the stage, migrating along all the pathways of the theater — the sides, the aisles. This kind of offbeat entrance isn’t exactly new to dance, but Lovette used it in a meaningful way: It was almost primal, as if the music were calling for the dance. One couldn’t exist without the other in this artistic reverberation or, as she named it, echo.
Persons: It’s, Lauren Lovette, Paul Taylor, , David H, Shawn Lesniak, Kevin Puts’s Organizations: Paul Taylor Dance Company, Lincoln Center, Koch, “ Fame, , Orchestra of St Locations: , Luke’s
Marie-Laure and Werner, the destined soul mates who will eventually meet in the Netflix mini-series “All the Light We Cannot See,” are on opposite sides of a cataclysmic divide. She is a French teenager delivering coded radio messages to the Allied bombing command in World War II; he is a young Nazi radio technician assigned to track her down in her Saint-Malo garret, as the bombs rain and American troops close in. Both have met challenges — she is blind, he spent his childhood in an orphanage — and emerged tough and resourceful; Werner is a radio prodigy and Marie-Laure’s senses of touch, smell and hearing are extraordinary. And they share a mentor, an anonymous broadcaster named the Professor whose lessons, including, “the most important light in the world is the light you cannot see,” have helped to shape their characters. Marie-Laure and Werner are little people whose problems, when romanticized and cliffhanger-ized, amount to more than a hill of beans.
Persons: Marie, Laure, Werner, Malo garret, Anthony Doerr, , Laure’s, Steven Knight, Shawn Levy Organizations: Netflix Locations: French, Nazi, Saint
He said the UAW's new contracts were so good they had even led to nonunion auto workers getting raises. Honda (7267.T) told Reuters it was evaluating the recent UAW deals with the Detroit Three automakers and would remain competitive. "If (Toyota workers) come calling, which they have, we're going to educate them and be there for them," Smith told Reuters. Toyota's move earlier this week to raise wages is in line with the strategy the Japanese automaker and other nonunion automakers have used to keep UAW organizers at bay. Nonunion automakers have kept hourly wages close to the UAW rates at the Detroit Three.
Persons: Shawn Fain, Fain, It'll, Tim Smith, Smith, Elon Musk, Toyota's, Joseph White, David Shepardson, Lisa Baertlein, Ben Klayman, Matthew Lewis, Jamie Freed Organizations: DETROIT, United Auto Workers, Detroit, Toyota, UAW, nonunion, Honda, Reuters, Detroit Three, General Motors, Ford, Louisville Assembly, GM, National Labor Relations Board, NLRB, Tesla, Thomson Locations: WASHINGTON, U.S, United States, Georgetown , Kentucky, Louisville, Tesla's Fremont , California, Fremont, Detroit, Washington, Los Angeles
Comprehensive equity strategies are an effective way to create a culture of ownership. Prioritizing a transparent and open dialogue can facilitate a culture of ownership and community where employees understand the value they bring to the company and their role in business success. Not only does this lead to more satisfied employees, but it also helps drive sustainable business growth. Among them: Incorporating equity compensation into a broader compensation strategy that aligns with your company's values and culture. In the US, for example, workplace financial benefits like equity compensation are often considered individual benefits for the employee.
Persons: Teri McFadden, Morgan Stanley, Rodney Bolden, Shawn Murphy, Murphy, Laura St, Charles, , isn't, McFadden, there's Organizations: Norwest Venture Partners, Work, of Law, Economics, Insider Studios Locations: St
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