Volkswagen Profit Shrinks as Unions Threaten Strike

Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.

Business - The New York Times - 1 hour ago

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - 9 hours ago

Union denounces reported Volkswagen plans to shut plants in Germany

World - Yahoo News - 2 days ago

Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.

Business - CNBC - 2 hours ago

Boeing, union reach tentative agreement to halt strike

A tentative agreement has been reached between Boeing and the roughly 33,000 machinists that went on strike last month, the union announced Saturday. "We are finalizing the strike settlement ...

Politics - The Hill - October 19

Boeing, Union Reach Wage Deal to End Strike

The Jet maker and machinists union reach a tentative deal, including an offer of a 35% wage increase, to end a strike that halted most of the company’s production.

Business - The Wall Street Journal - October 19

Volkswagen plans to close at least 3 German plants and cut thousands of jobs

Europe’s largest carmaker tells works council it would slash pay by 10%

Business - Financial Times - 2 days ago

Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.

Business - CNBC - 2 days ago

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - 9 hours ago

Washington lawmakers press Boeing, union to resolve monthlong strike

Four Democratic lawmakers from the state of Washington this week urged Boeing and the union representing striking machinists around Seattle and Portland, Ore., to resolve the labor dispute. Around ...

Politics - The Hill - October 16

Boeing and union reach tentative wage deal to end strike

Boeing and its machinists union have reached a tentative agreement that could end a strike that has halted most production in the past month.

Business - MarketWatch - October 21

Boeing and Union Leaders Reach New Proposal to End Strike

The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years, according to details shared by the union.

Business - The New York Times - October 19

Boeing workers to vote on ending strike in critical week for plane maker

Union members to consider offer on Wednesday that could restart production stalled for more than a month

Business - Financial Times - October 20

Boeing, machinists' union reach tentative deal that could end strike

Aircraft manufacturing giant Boeing and the union representing about 33,000 striking machinists reached a tentative agreement Saturday on a new contract that, if ratified, would end a strike which ...

Boeing workers vote to reject deal to end strike, union says

More than 30,000 workers at the troubled aviation company represented by the union began striking in mid-September. Boeing workers have rejected the latest offer to end the more than a month-long ...

World - The Guardian - 6 days ago

Boeing Strike Extended After Union Workers Reject New Contract

The vote, hours after Boeing reported a $6.1 billion loss, will extend a nearly six-week-long strike at factories where the company makes its best-selling commercial plane.

Top stories - The New York Times - 6 days ago

Invest in UK nurses or risk more strikes, union boss warns ministers

RCN head urges the government to use the Budget to boost spending on the NHS

Business - Financial Times - 2 days ago

Mideast Crisis Updates: Israel Carries Out Another Round of Strikes Near Lebanese Capital

The attacks followed claims from the Israeli military that Hezbollah was operating a command center beneath a hospital in a densely populated neighborhood near Beirut.

World - The New York Times - October 22

Shrinks against Donald Trump

US mental health professionals take out full-page ad to warn that former president ‘is an existential threat to democracy’

World - Financial Times - 2 days ago

Latino support for Democrats appears to be shrinking in Texas

Democrats have counted on the Latino vote for years, but their support appears to be slipping. NBC News polling shows a growing number of working class Latino voters in Texas are casting their ...

Politics - NBC News - October 18

Man's brain tumour shrinks by half in therapy trial

A doctor who designed a new radioactive treatment for glioblastoma says the result is "remarkable".

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - 9 hours ago

Foreign Election Interference, and Volkswagen May Close Factories

Plus, why you should never cross a crow.

Top stories - The New York Times - Yesterday

BMW chief says EU combustion engine ban will shrink car industry

Oliver Zipse tells Paris motor show 2035 cutoff point for CO2-emitting cars is ‘no longer realistic’. Business live – latest updates The EU’s plans to ban the manufacture of traditional ...

World - The Guardian - October 15

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Boeing's CEO Is Shrinking the Jet Maker to Stop Its Crisis From Spiraling

A strike by its machinists union could end soon, but the company remains in a perilous financial position.

Business - The Wall Street Journal - October 20

Actor Brett Goldstein on new role in "Shrinking" and future of "Ted Lasso"

Actor Brett Goldstein, who starred as Roy Kent on the Emmy-winning show "Ted Lasso," speaks to "CBS Mornings" about taking on a new role as co-creator and cast member of the Apple TV+ show ...

Brett Goldstein talks new role in "Shrinking," future of "Ted Lasso"

Actor Brett Goldstein, who starred as Roy Kent on "Ted Lasso," spoke to "CBS Mornings" about his role in "Shrinking," which he said he initially didn't intend on playing.

Local Digital News Startups Fight Shrinking News Source Trend

As U.S. newspapers keep closing, innovative online sites fight the growth of local news deserts.

Business - Inc. - 6 days ago

Top Law Firms Shrink From the Heat of the Mideast Conflict

When a Columbia professor needed a lawyer because of her comments about the actions of former Israeli soldiers on campus, tensions over the Israel-Hamas war got in the way.

Top stories - The New York Times - 5 days ago

China’s kindergarten numbers shrink as policymakers struggle to arrest falling birthrate

Various measures designed to encourage people to have more children have had limited success. The number of kindergartens in China fell by more than 5% last year, the second year in a row that ...

World - The Guardian - 2 days ago

Polls Show Trump’s Edge Shrinking on Voters’ Top Issue: The Economy

It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?

Business - The New York Times - 34 minutes ago

Hurricane fallout threatens to hinder voting

The fallout from a pair of deadly hurricanes threatens to roil voting in the Southeast with complications for election officials and residents alike in states key to this year’s presidential ...

Politics - The Hill - October 16

Latest in Volkswagen Profit Shrinks as Unions Threaten Strike