Newport NEWS - UPDATE: Canadian Union OKs Sweeping Concessions With GM - CNN Money Newport NEWS - UPDATE: Canadian Union OKs Sweeping Concessions With GM - CNN Money

Sunday, March 8, 2009

Newport NEWS - UPDATE: Canadian Union OKs Sweeping Concessions With GM - CNN Money

DETROIT -(Dow Jones)- The Canadian Auto Workers union agreed Sunday to sweeping concessions with General Motors Corp. (GM), a move that clears the way for the struggling auto maker secure loans from the Canadian government. The CAW was left with few Vestal NEWS

THE share market is expected to open higher tomorrow following Wall Street's positive finish and ahead of a raft of employment and housing finance data this week. A late-day rally saw Wall Street close mixed on Friday with the Dow Jones Industrial Vestal NEWS

WASHINGTON (Dow Jones)--The World Bank urged Group of 20 nations Sunday to help developing countries meet external financing needs that could approach $700 billion if the global crisis continues to sap capital and trade flows. The World Bank is now Vestal NEWS

President Barack Obama now has the distinction of presiding over his own bear market. The Dow Jones Industrial Average fell 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data Vestal NEWS

On the markets, the NZX50 begins the week 20 points lower on 2,471. On Wall Street, the Dow Jones Industrial Average is 32 points higher on 6,626. The New Zealand dollar is trading at 50.16 US cents, 78.34 Australian cents, 39.61 euro cents, 49.30 Vestal NEWS

The recession is already in its 15th month, making it longer than all but two downturns since World War II. For now, everything seems to be getting worse: The Dow is in free fall, jobs are vanishing every day, and one in eight American homeowners is Vestal NEWS

Conservatives began trying to tie drops in the stock market to Barack Obama even before he was elected, and when the Dow-Jones average slipped below 7000 last week, the chorus of blame began again. Rush Limbaugh naturally made the most extreme claims Vestal NEWS

DETROIT (Dow Jones)--The Canadian Auto Workers union agreed Sunday to sweeping concessions with General Motors Corp. (GM), a move that clears the way for the struggling auto maker secure loans from the Canadian government. The CAW was left with few Vestal NEWS

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