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  • Blue-collar workers at General Motors and Chrysler have about two weeks to make a difficult choice: Stay on the job and face layoffs or possible wage and benefit cuts, or take cash to leave, only to risk seeing the money tied up in court if their company files for bankruptcy protection. The murky government-funded future of the two wounded automakers is making it particularly tough to make a...
  • Ford Motor Co. expects to cut its hourly labor costs to the levels of Toyota Motor Corp. and other foreign rivals with U.S. plants in two years thanks to union contract changes ratified this week.The concessions, which trim benefits, change work rules and eliminate some pay increases, could save Ford as much as $375 million this year and $500 million or more in subsequent years, company officials...
  • U.S. aluminum giant Alcoa [Pittsburgh, parent company of Kawneer NA, Norcross, Ga.] is so desperate to conserve cash amid a metal price slump that it is willing to consider selling a strategic stake to a company such as Chinalco.Alcoa, which in 2001 had a larger market value than BHP Billiton, is now worth just $4.9 billion amid a dramatic slump in aluminium prices. That compares to the $38....
  • Shares of Apogee Enterprises Inc. diverged from the broader markets' rush upward, dropping by more than 3 percent after an analyst said the slowdown in commercial construction would weigh on the glass products maker.Piper Jaffray analyst Michael Cox downgraded the Minneapolis-based company to 'Sell' from 'Neutral' and cut his 12-month price target on the stock by 45 percent to $6, according to a...
  • Democrats on Tuesday introduced controversial labor legislation making it easier for workers to organize, formally kicking off the biggest lobbying fight between business and labor in decades.The Employee Free Choice Act, also known as card-check, was introduced with 223 co-sponsors in the House and 40 in the Senate. That is less support than it attracted in the last Congress, even though...
  • General Motors Corp. executives will meet this week with economy and industry ministers from European Union countries to discuss the crisis in the automotive industry, according to an EU official, according to a March 10 Bloomberg report.Chief Operating Officer Fritz Henderson and the Detroit- based automaker’s top executive in Europe, Carl-Peter Forster, will meet with government officials...
  • Viracon, Owatonna, Minn., recently earned the American Subcontractors Association Excellence in Ethics Certificate for 2009, according to a March 10 Viracon release. ASA President Bill Olmo presented the award to Viracon and five other firms by in Nashville during the association’s annual meeting March 6. The meeting took place at the Sheraton Nashville Downtown in conjunction...
  • The U.S. Environmental Protection Agency proposed a national system for reporting carbon dioxide and other greenhouse gas emissions by major emitters Tuesday.The registry, which was originally proposed in a 2007 energy bill and is funded in U.S. President Barack Obama's 2010 budget outline, would lay the foundation for regulation of CO2 and other gases thought to contribute to global warming....
  • The state Department of Environmental Protection has ordered PPG Industries [Pittsburgh]to collect and treat highly polluted water leaching from a 77-acre glass slurry lagoon into the Allegheny River just south of Ford City in Armstrong County [Pa.].The order, issued today, also requires PPG to restrict access to the site and a section of the Allegheny River where the runoff has been measured as...
  • Abra Auto Body & Glass, a Minneapolis-based damaged vehicle repair company, announced today the acquisition of a repair center in Loveland, Colo. This facility, formerly known as Loveland Auto Body, is located at 1805 Topaz Drive, and brings the total number of Abra repair centers to 96 in 11 states."Abra has been operating in Colorado since late 1997 when we started with two acquired...
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