DETROIT (Reuters) - United Auto Workers President Ron Gettelfinger said Wednesday the union would surrender job security protections and delay payments into a historic retiree healthcare trust in concessions intended to help U.S. automakers clinch government aid to survive a sales downturn.
NEW YORK (Reuters) - Stocks rose on Wednesday as news pointing to a deepening recession spurred investors to buy defensive stocks, including the shares of biotechnology companies.
NEW YORK (Reuters) - Private employers slashed an unexpectedly high 250,000 jobs in November, the biggest cut in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.
PARIS/NEW YORK (Reuters) - French power company EDF unveiled a $6.5 billion bid for 50 percent of Constellation Energy Group's nuclear business and other assets in an attempt to torpedo a rival offer from investor Warren Buffett.
NEW YORK (Reuters) - An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health.
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