Actionable insights straight to your inbox

logo_equities.svg

Unifor Local Leadership Approves Tentative Deal in Canada With Ford Motor

Ford will invest C$1.95 billion (US$1.46 billion) in its Oakville and Windsor plants as part of a deal with Unifor, the largest private sector union in Canada.
  • 1 min Read

By Reuters

(Reuters) – Local union leadership in Canada across all Ford Motor Co locals in both trades and production approved the tentative deal reached between Unifor and the company, the union said here on Sunday.

Ford will invest C$1.95 billion (US$1.46 billion) in its Oakville and Windsor plants in Canada as part of a tentative deal with Canadian autoworkers that was announced last week.

The federal government, along with the Ontario government, is willing to invest in turning the Oakville plant over to the production of electric vehicles, an investment that could keep the facility open for years, a government source confirmed on Tuesday.

Ratification meetings are being held on Sunday to consider the tentative agreement’s details and vote results will be made available on Monday, the union said in a statement.

($1 = 1.3384 Canadian dollars)

Reporting by Radhika Anilkumar in Bengaluru; Editing by Lisa Shumaker.

_____

Source: Reuters

Semiconductor Stocks Rebound, But Sector Still Has Issues

With pandemic-induced supply chain bottlenecks receding, semiconductor stocks have been riding a bullish trend, making higher lows and higher highs.

It’s Easy For Leaders to Play the Blame Game. Don’t.

To say the current situation isn’t pretty now seems an understatement, and it’s likely to remain chaotic for a while. Which is why it’s so important for leaders of all kinds not to fall prey to the very human tendency to go negative.

This Prestigious Bank Is Down 90% — Is Now the Time to Buy?

Bargain-hunting friends of mine have been asking: “Should I buy First Republic?” After all, First Republic is prestigious. Facebook founder Mark Zuckerberg got a mortgage there. Dozens of customer surveys rate its satisfaction scores higher than super-brands like Apple and Ritz-Carlton.

Recession Odds Rising (Plus: Jay Powell, Meet Sal Dali)

Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.

Semiconductor Stocks Rebound, But Sector Still Has Issues

  • 3 min Read 
logo_equities_white

Sign up For our Newsletter

SITEMAP

Contact

© 2022 Equities News | Equities.com, Inc.