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Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France's Groupe PSA. Italian-American Fiat Chrysler and PSA, the maker of Peugeot and Citroen, last month announced a planned $50 billion merger to create the world's fourth-largest automaker. The tentative agreement with Fiat Chrysler, which is subject to ratification by the union members, follows contracts that the UAW already concluded with Ford Motor Co and General Motors Co....
The United Auto Workers union says it has reached a tentative deal with Fiat Chrysler. A person briefed on the matter says the deal includes a $9,000 signing bonus, a promise not to close any factories for the next four years and a commitment to keep making vehicles at a plant in Belvidere, Illinois. Top union leaders still have to approve the deal, as do factory-level officials who are likely to gather next week to vote on it....
Volatility in oil markets has spiked as the end of the year nears, with violence and instability breaking out in multiple key oil nations and Saudi Arabia facing a key decision...
China will use its national drug bulk-buy scheme to lower the price of drugs currently sold at higher prices compared with other markets, it said in an official statement. Many branded versions of drugs are currently more expensive in China than in other major markets. The bulk-buy program, which currently covers 25 types of medicines, allows no more than three successful bidders access to China's public hospitals, where most Chinese people buy their drugs....
The market is worth hundreds of billions of dollars....
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]...
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]...
