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DETROIT (AP) — aWith just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain says offers from the companies aren't enough and the union is getting ready to strike. We are preparing to strike these companies in a way they've never seen before.”The union is threatening to strike after contracts with companies that haven't reached an agreement by 11:59 p.m. on Thursday. On Wednesday, Fain said the companies upped their wage offers, but he still called them inadequate. In a 2019 agreement the union got 6% pay raises over four years with lump sums in some years as well as profit sharing checks. All three companies’ offers on cost-of-living adjustments were deficient, he said, providing little or no protection against inflation, or annual lump sums that may workers won’t get.
Persons: — aWith, Shawn Fain, Fain, , , haven't, they’ll, It's, ” Fain, Ford, Stellantis, won’t, ” Tobin Williams, Thomas Kochan, “ It’ll, ____ Koenig Organizations: DETROIT, United Auto Workers, Motors, Ford, UAW, GM, Massachusetts Institute of Technology Locations: North America, Dallas
Contract talks between the UAW and the Detroit automakers have gone to the strike deadline and beyond in years past. Stellantis said on Friday it offered U.S. hourly workers a 14.5% wage hike over four years but no lump sum payments. The UAW said the GM and Ford offers would change the formula for calculating profit-sharing, and if it had been in effect last year GM workers would have received 29% less and Ford workers 21%. A UAW strike that shuts the Detroit Three manufacturers could cost carmakers, suppliers and workers over $5 billion, the Michigan-based Anderson Economic Group estimated. GM recorded a $3.6 billion pre-tax loss in 2019 after UAW members went on strike for six weeks, the longest walkout against a Detroit automaker since 1970.
Persons: Rebecca Cook, Shawn Fain, Fain, it's, Ford, Stellantis, Mark Stewart, David Shepardson, Joseph White, Jonathan Oatis, Will Dunham Organizations: REUTERS, United Auto Workers, Detroit, Motors, Ford, Chrysler, Facebook, UAW, Detroit automakers, GM, Anderson Economic Group, Thomson Locations: Auburn Hills , Michigan, U.S, America, Stellantis, Michigan, Washington, Detroit
DETROIT (AP) — The United Auto Workers union on Friday rejected wage and benefit offers from all three Detroit automakers, raising tensions just six days before a strike deadline for 146,000 employees. Union President Shawn Fain told workers in a Facebook Live appearance that he filed proposals from Ford, General Motors and Stellantis in a wastebasket. Stellantis offered wage increases in each year of a new four-year contract totaling 14.5%. To handle inflation, Ford offered cost of living pay that he called severely deficient, while GM and Stellantis offered lump sums. All companies kept tiers of wages for factory workers but lowered the number of years needed to reach full pay, he said.
Persons: Shawn Fain, , Fain, Stellantis, counterproposal, GM’s, Mark Stewart, Stewart, ” Fain, Organizations: DETROIT, United Auto Workers, Detroit, Union, General Motors, Fiat Chrysler, Ford, France's PSA Peugeot, U.S, GM Locations: Ford, North America, Stellantis
Jim Cramer's advice: He would not look to buy more Ford on weakness nor would he look to sell Ford stock at this point. Club name Ford, which employs the most UAW members at 57,000, has seen its stock drop more than 6% in the past month. The cost of the union demands for Ford could be a "meaningful chunk of their profits," Jim added but maintained that a UAW strike is "definitely not a reason to sell" Ford stock. "Production and the EV roadmap could be pushed out into 2024 and delays would be on the horizon at this crucial period for GM, Ford, and Stellantis," Wedbush analysts wrote. Jim Cramer has said the tensions between the UAW and Ford are in part keeping Ford stock from achieving the Club's price target of $16.
Persons: Jim Cramer's, Jim, Stellantis, Shawn Fain, Fain, Ford, Jim Cramer, Biden, Fain jawboning, Joe Biden, I'm, Wells, Morgan Stanley, Jeff Kowalsky Organizations: United Auto Workers, Detroit, Ford Motor, General Motors, Chrysler, Dodge, Big, Ford, UAW, GM, Workers, Labor, Detroit automaker, Deutsche Bank, Tesla, CNBC, Ford Motor Co, AFP, Getty Locations: Philadelphia, Detroit, Dearborn , Michigan
The complaint accuses the automakers of not bargaining in good faith by not providing any response to the union’s economic demands at the bargaining table. Both GM and Stellantis, which makes vehicles under the Jeep, Ram, Dodge and Chrysler brands, deny the union’s charge that they are not bargaining in good faith. “We have been hyper-focused on negotiating directly and in good faith with the UAW and are making progress. It said it would pay workers far more than employees at the nonunion US auto plants operated by Tesla and foreign automakers. There are 145,000 UAW members at the nation’s three unionized automakers.
Persons: Shawn Fain, ” Fain, Todd Vachon, there’s, , Vachon, “ It’s, “ Stellantis, Fain’s, Fain, ” Gerald Johnson, ” Johnson, , Ford Organizations: New, New York CNN — United Auto Workers, General Motors, Motors, Stellantis, CNN, Facebook, YouTube, National Labor Relations Board, Rutgers University, , Jeep, Dodge, Chrysler, UAW, Ford, Tesla, GM Locations: New York
Five other current or former agents confirmed to Insider that some Arias agents wrote up policies in the names of fictional people or people who were dead. Amy Williamson, an attorney who represents dozens of current and former Arias agents in civil claims, said she received an inquiry from a US attorney's office. With regard to Insider's specific questions about Globe, AIL, and Arias, she said, "It is the Company's policy not to comment." Lusty asked questions about Russin's campaign of aggressive social-media posts since Zinsky filed suit, Williamson said, including posts about his gun purchases. Since Zinsky filed suit against him, Russin has made a string of threatening social media posts featuring firearms.
Persons: Simon Arias, Warren Buffett, Berkshire Hathaway, Arias, Trina Orlando, Michelle Billotte, Billotte, she'd, Orlando, Nancy Andrews, William McKee, McKee, Brett Hambright, Amy Williamson, AIL, Renee Zinsky, Michael Russin, Russin, Jennifer Haworth, Benjamin Webb, Chris Williams, Natalie Price, dialers, DocuSign, Scott Dehning, Steven Greer, Joel Scarborough, Dehning, Haworth, Greer, Zinsky, Abeni Mayfield, Mayfield, Columbia , Maryland Rosem Morton, Abeni Mayfield Orlando, texted, Kailey Andrasko, propositioned, Russin texted, he'd, Kailey, Williamson, Anne Hilbert, Hilbert, Debbie Gamble, Zinsky's, Webb, didn't, interrogatories, Jonathan Lusty, Lusty, I'm Organizations: Arias, . Insurance, Wexford, Berkshire, Globe, Life, American, Arias Organization, Arias Agency, Pennsylvania Department of Insurance, Department of Insurance, Department, Pennsylvania, Globe Life, Texas Rangers, Dallas Cowboys, AIL, Organization, Russin, Insider Orlando, Caesars, Employment, Commission, Caesars Palace, Russin's, Consulting, Court, Western District of Pennsylvania Locations: Wexford , Pennsylvania, Wexford, Morgantown , West Virginia, AIL, Michigan, Scarborough, Columbia , Maryland, Las Vegas, Stockholm, Orlando, Morgantown, Mayfield's, Western District, Pittsburgh
Maddison opens Tottenham account in win at Bournemouth
  + stars: | 2023-08-26 | by ( ) www.reuters.com   time to read: +3 min
BOURNEMOUTH, England, Aug 26 (Reuters) - James Maddison opened his account for Tottenham Hotspur with the first goal in his side's impressive 2-0 victory at Bournemouth in the Premier League as the visitors maintained their unbeaten start to the season on Saturday. Bournemouth threatened to get back in the game in the second half, but Dejan Kulusevski doubled Tottenham's lead just past the hour with a neat finish following a slick build-up. Against Bournemouth his range of passing and quick thinking gave Postecoglou's side an attacking impetus that the hosts found hard to contain. "I'll keep doing what I do and bringing the quality I can, repaying the club and why they bought me," Maddison said. Bournemouth started the second half on the front foot and Antoine Semenyo curled a shot agonisingly wide.
Persons: James Maddison, Dejan Kulusevski, Ange Postecoglou's, Harry Kane, Maddison, Tottenham, Pape Matar Sarr, Maddison's, scuffed, Neto, Sarr, Yves Bissouma, Richarlison, Antoine Semenyo, Postecoglou, Ivan Perisic, Udogie, Son Heung, Kane, You've, Martyn Herman, Hugh Lawson Organizations: BOURNEMOUTH, Tottenham Hotspur, Bournemouth, Premier League, Leicester City, Tottenham, Bayern Munich, Brentford, Manchester United, Spurs, BBC, Thomson Locations: England, Tottenham's
Ford has added 1,200 workers to the Lightning assembly system and plans to run it on a three-shift work rotation. As one of several new moves to boost demand, Ford said individual retail customers can now order the least expensive F-150 Lightning Pro, a $49,995 version of the truck originally designed for commercial customers only. To support increased Lightning production, Ford will focus sales efforts on "attracting more traditional customers, or the early majority," Gjaja said. “Challenges still remain around customer awareness and acceptance” of electric vehicles among mainstream buyers, he said. Ford said last week its electric vehicle operations are on track to lose $4.5 billion this year, a 50% wider loss than previously projected.
Persons: Rebecca Cook, Ford, Tesla, Marin Gjaja, Gjaja, Jim Farley, Joe White, Jonathan Oatis Organizations: Rouge Electric Vehicle, Reuters Connect DETROIT, Ford, EV, Detroit's, Motors, Silverado, Lightning, Ford's, Thomson Locations: Dearborn , Michigan, U.S
The Delta Aquariids and Alpha Capricornids are predicted to peak on July 30 and 31. The Alpha Capricornids could produce dazzling fireballs, or extremely bright streaks in the sky. The best time to see the Delta Aquariid shower is around 2 a.m. when the meteor shower's radiant is at its highest. Meanwhile, the Alpha Capricornids, a less prominent source of meteors, could actually set the sky ablaze. On Tuesday night and early Wednesday morning, Robert Lunsford of the American Meteor Society, captured seven fireballs from the Alpha Capricornids meteor shower, according to EarthSky.
Persons: Alpha Capricornids, Robert Lunsford, Marianne Guenot Organizations: Alpha, Service, North, American Meteor Society Locations: Wall, Silicon
Jack White is auctioning off his Tesla Model S, with the top bid currently $31,500. The White Stripes' singer used to be a fan of Elon Musk, performing a free concert for Tesla workers. But then he slammed Musk's decision to restore Donald Trump's Twitter account. Jack White is getting rid of his Tesla Model S, months after he slammed Elon Musk's revival of Donald Trump's Twitter account. At $31,500 with four days remaining, White's Tesla looks set to be the most expensive item.
Persons: Jack White, Elon Musk, Donald Trump's, Elon, Tesla, White, Henry Ford, Musk Organizations: Tesla, Stripes, Donald Trump's Twitter, Records, Twitter Locations: Tennessee, Fremont , California
CNN —Organizers of the ‘F1 in Schools’ competition say the Netflix ‘Drive to Survive’ effect is reaching the classroom with a record number of teams entered in this year’s finals in Singapore in September. “There’s 68% girls in Saudi doing it and three (Saudi) teams coming with a majority of girls,” said Denford. The program launched in Britain in 2000 with eight schools in Wakefield and now has more than 28,000 educational institutions involved worldwide. At the youngest level, kids start at the age of nine with paper cars powered by bicycle pumps. In the top 11-19 age bracket, the cars are carved from a block of balsa wood and powered by a gas canister.
Persons: , Andrew Denford, , , , Denford, Charles Leclerc, Chris Graythen, We’ve Organizations: CNN —, Netflix, Singapore, Prix, Saudi, Ferrari, Miami Grand Prix, Formula, Pirelli, favela Locations: Singapore, Saudi, Britain, Wakefield, Soweto, Brazil
Formula One's Netflix effect filtering down to schools
  + stars: | 2023-07-12 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
LONDON, July 12 (Reuters) - Organisers of the 'F1 in Schools' competition say the Netflix 'Drive to Survive' effect is reaching the classroom with a record number of teams entered in this year's finals in Singapore in September. "There's 68% girls in Saudi doing it and three (Saudi) teams coming with a majority of girls," said Denford. The programme launched in Britain in 2000 with eight schools in Wakefield and now has more than 28,000 educational institutions involved worldwide. At the youngest level, kids start at the age of nine with paper cars powered by bicycle pumps. In the top 11-19 age bracket the cars are carved from a block of balsa wood and powered by a gas canister.
Persons: Andrew Denford, We've, Alan Baldwin, Toby Davis Organizations: Schools, Netflix, Singapore, Prix, Saudi, Formula, Pirelli, Thomson Locations: Singapore, Saudi, Britain, Wakefield, Soweto, Brazil
But as local economic development officials worked with Ford and other prospective investors, it became clear they needed a much bigger footprint. The rest has been earmarked by economic development officials for suppliers and other developments. In Marshall, residents petitioned to hold a referendum on the project, gathering over 800 signatures in a city of 6,800. She believes factory workers will move to Marshall to work for Ford. He notes that the factory he works at, in nearby Battle Creek, has struggled to find skilled workers.
Persons: Fred, Joan Chapman, Ben Klayman MARSHALL, Fred Chapman, , That’s, Chapman, Joe Biden, Gabby Bruno, Glenn Kowalske, , Ford's Bruno, Ford, Bruno, CATL's, James Durian, Durian, Sue Damron, Marshall, he’s, Timothy Aeppel, Ben Klayman, Dan Burns, Nick Zieminski Organizations: Ford Motor Co, Ford Motor, Census, Ford, Amperex Technology Co, Amazon, Marshall, Economic Development Alliance, Thomson Locations: Marshall Township , Michigan, U.S, Mich, Marshall, Kalamazoo, New York City, China, Calhoun County, Battle, Mexico, New York, Marshall , Michigan
CNN —The US House of Representatives on Wednesday voted to censure Rep. Adam Schiff, a key lawmaker in Democrats’ congressional investigations into former President Donald Trump during his presidency. As part of the censure procedure, Schiff stood in the well of the House floor, while House Speaker Kevin McCarthy repeatedly tried to read a brief rule about censure. Luna announced Tuesday she has secured the number of votes needed to censure and refer him to the House Ethics Committee. It shows you just who is behind this whole effort to distract from Trump’s legal problems is Trump,” Schiff told CNN. In that role, Schiff and the other impeachment managers detailed the House’s case for removing Trump from office at the Senate trial.
Persons: Adam Schiff, Donald Trump, Schiff, Trump, Michael Guest of, Dave Joyce of Ohio, Andrew Garbarino, John Rutherford of, Michelle Fischbach, Minnesota –, Ken Buck, Kevin McCarthy, McCarthy, Anna Paulina Luna, Luna, , ” Luna, Brian Fitzpatrick, Thomas Massie, , ” Schiff, Trump’s Organizations: CNN, House Intelligence, GOP, Democratic, Florida Republican, Kentucky Republican, House Republicans, Republican, Trump, Senate Locations: Russia, Michael Guest of Mississippi, New York, John Rutherford of Florida, Minnesota, Colorado, California, Florida, Pennsylvania, Kentucky
SummarySummary CompaniesCompanies Law Firms Google Play Music infringed Personal Audio playlist patents, jury saysVerdict follows California win for Sonos in Google audio patent fightJune 21(Reuters) - Alphabet's Google (GOOGL.O) must pay patent holding company Personal Audio LLC $15.1 million for infringing two patents related to audio software, a Delaware federal jury said in a verdict made public on Wednesday. Personal Audio had argued that Google's music app Google Play Music featured playlist downloading, navigation and editing features that violated its patent rights. Attorneys for Personal Audio did not immediately respond to a request for comment. Beaumont, Texas-based Personal Audio had requested $33.1 million in damages, according to a May court filing. The case is Personal Audio LLC v. Google LLC, U.S. District Court for the District of Delaware, No.
Persons: Jose Castaneda, Steve Hanle, Doug Hahn, Salil, Stradling Yocca Carlson, Melissa Baily, Jeff Nardinelli, David Perlson, Antonio Sistos, Patrick Stafford, Quinn Emanuel Urquhart, Sullivan Read, Blake Brittain Organizations: Sonos, Google, San, Google LLC, District of, Rauth, Thomson, & $ Locations: California, Delaware, Beaumont , Texas, Texas, The Delaware, San Francisco, District of Delaware, Salil Bali, Washington
According to court filings, Caspersen in 2015 closed a major deal to recapitalize a private equity fund and then embezzeled an $8.1 million fee the fund had paid to PJT. To recoup the money owed to PJT, Caspersen defrauded Moore, which supports environmental nonprofits, into investing $25 million in the deal even though it had already been completed. The foundation sued PJT the following year, claiming the bank had been negligent in failing to more closely supervise Caspersen after he delayed in remitting the $8.1 million fee to the bank. Caspersen's fraud should have been foreseeable in light of the missing $8.1 million fee "and Caspersen’s purportedly sloppy attempt to cover up his embezzlement," Cannataro wrote. The case is The Moore Charitable Foundation v PJT Partners Inc, New York Court of Appeals, No.
Persons: Andrew Caspersen, Anthony Cannataro, Moore, Caspersen, PJT, Cannataro, Madeline Singas, Singas, Michael Garcia, Stephen Shackelford, Susman Godfrey, Aidan Synnott, Paul Weiss Rifkind Wharton, Garrison Read Organizations: Bank, NY, The New, Appeals, PJT Partners, Moore Charitable, Park Hill Group, Caspersen, New, Thomson Locations: The New York, PJT, Caspersen, New York
From ‘Front-Page Girls’ to Newsroom Leaders
  + stars: | 2023-05-13 | by ( Jane Kamensky | ) www.nytimes.com   time to read: +3 min
Yet few readers today will place Ross’s name, let alone those of the “front-page girls” she celebrated. Papers with strapped budgets took on more women, a trajectory that mirrors the history of professions like teaching and nursing. Still, as late as the 1950s, Kroeger writes, “women journalists inched across a swinging rope bridge toward fuller acceptance but still in single file.” Their pluck went only so far. Between 1970 and 1983, anti-discrimination suits roiled The Times, Newsweek, Time, The Washington Post and The Associated Press, among other outlets. Before those proceedings, women had tended to cluster “on the bottom rungs of a company ladder with broken steps,” Kroeger writes.
DETROIT — Ford Motor on Tuesday reported first-quarter results that significantly topped Wall Street's estimates, as the automaker's fleet and legacy operations outweighed growing losses in electric vehicles. Ford finance chief John Lawler said the quarter was a "peek at what's possible to generate value and growth." The company reiterated it expects full-year adjusted earnings between $9 billion and $11 billion and roughly $6 billion in adjusted free cash flow. Ford said it plans to have capital expenditures of between $8 billion and $9 billion in 2023. Ford also reconfirmed it expects to lose about $3 billion from its electric vehicle operations, known as Model e, in 2023.
House Democrats say Hakeem Jeffries is a better listener and is more consensus-oriented than Pelosi. There's one big reason for it: House Democrats can't pass any of their own bills right now. Pelosi and Jeffries on the House floor after she announced she would step down from party leadership on November 17, 2022. 'He gets it'Jeffries, 52, has enjoyed a rapid ascent to the top of the Democratic caucus. "There were always very different views within the Democratic caucus on people who voted their district," said Slotkin.
Administration officials believe the U.S., the world's largest oil consumer and global economy have entered a more predictable, less volatile phase. This year, gasoline prices have stabilized at lower levels, U.S. oil production is approaching record highs and the job market, while still strong, is cooling down along with inflation, administration officials say. Oil prices slipped on Thursday as the prospect of a possible recession in the US offset concerns of tight supply. Slowing economy or not, the OPEC move could still complicate Biden's efforts to tame nagging inflation and dampen gasoline prices at home, according to multiple interviews with U.S. officials and analysts. Discussions with refiners about expanding capacity or limiting fuel exports have dried up since last summer, oil executives told Reuters.
Administration officials believe the U.S. and global economy has now entered a more predictable, less volatile phase. This year, gasoline prices have stabilized at lower levels, U.S. oil production is approaching record highs and the job market, while still strong, is cooling down along with inflation, administration officials say. The OPEC move could complicate Biden's efforts to tame nagging inflation and dampen gasoline prices at home, according to multiple interviews with U.S. officials and analysts. The recent U.S. banking crisis has added another layer of uncertainty to global and U.S. forecasts as well, forecasters warn. Discussions with refiners about expanding capacity or limiting fuel exports have dried up since last summer, oil executives told Reuters.
Ford officials declined to say whether the plant will assemble five EV models, as agreed with Unifor during the 2020 contract talks. The Oakville plant currently builds combustion Ford Edge and Lincoln Nautilus SUVs. Ford Chief Executive Jim Farley has said Ford will have the ability to assemble 2 million EVs globally by 2026. Ford officials said Oakville will build the automaker's next-generation EVs, which Ford executives have said will have to be more efficient, easier to assemble and more competitive with the Tesla Inc (TSLA.O) vehicles that currently lead in North American market EV sales. Battery cells for the Oakville-built EVs will come from a factory Ford and battery partner SK On plan are building in Kentucky, Nowicki said.
The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. In October last year, the oil cartel announced its decision to cut output by two million barrels per day. U.S. President Joe Biden's administration has repeatedly lambasted the OPEC+ group for its production cuts, citing the inflationary toll on households and flinging accusations of camaraderie with sanctions-struck Russia. One such technical council, the OPEC+ Joint Ministerial Monitoring Committee concluded on Monday with a statement that acknowledged the voluntary cuts, making no mention of a broader change in formal production policy. Referring to the voluntary cuts, the OPEC Secretariat said they represent "a precautionary measure aimed at supporting the stability of the oil market."
‘Unstable’ Review: Comic Highs With a New Lowe
  + stars: | 2023-03-31 | by ( John Anderson | ) www.wsj.com   time to read: +1 min
Rob Lowe ’s hair is as monumental as his character’s ego in the eight-episode “Unstable,” which has a perversely magical secret: Its people would be obnoxious if they weren’t so charming. It’s “Seinfeldian” in a sense, self-absorption being the defining comic quality of most of the characters, who have no intention of changing. But “Unstable” is not a show about nothing: Ellis Dragon (Mr. Lowe), an incorrigibly eccentric chem-tech billionaire who has developed a biodegradable alternative to plastic, is relentlessly judgmental, flamboyantly narcissistic and has an insistent cheer that masks the fact he’s mourning his wife of 30 years. His son, Jackson ( John Owen Lowe ), despite being the child of a nut who guilts him relentlessly (and who has just lost his mother), is extraordinarily normal, perhaps the most normal-seeming character who has ever inhabited a sitcom. But no: Ellis’s second-in-command, Anna Bennet (the epic Sian Clifford of “Fleabag”), wouldn’t allow it, though she’s kept awfully busy wrangling Ellis into a state of productivity.
Former President Trump remains at the top of the 2024 GOP pack as he faces several criminal probes. Trump decried a potential indictment by the Manhattan District Attorney's office during a rally in Waco, Texas, on March 25, 2023. Brandon Bell/Getty ImagesTrump versus the worldDuring the 2016 GOP presidential primaries, Trump's political brand was built on rejecting the political establishment. Ron DeSantis of Florida is among several high-profile Republicans who may challenge Trump for the 2024 GOP presidential nomination. In 2020, Trump faced near-unanimous support for a second term, with the campaigns of former Rep. Mark Sanford of South Carolina, former Gov.
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