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U.S. markets recover from steep losses
TROY, Mich., March 27 (UPI) -- The head of Michigan-based Delphi Corp. wants the United Auto Workers to accept proposed wage and benefit cuts by Friday.
Steve Miller says that if the UAW and Delphi don't have a negotiated deal by Friday, he will file a motion in bankruptcy court to eliminate union contracts, the Detroit Free Press reported.
The company is believed to be offering approximately $17.50 per hour, down some 37 percent from a current average wage of $27 an hour, said David Cole, director of the Center for Automotive Research in Ann Arbor, who based his estimate on the two-tier wage structure that the supplier and the UAW negotiated in 2003.
UAW local presidents were to receive copies of Delphi's proposal Monday and then gather in Detroit for a meeting Tuesday.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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