Trump says will issue final decision on vaping product next week

The Trump administration will issue its final decision on vaping products next week, U.S. President Donald Trump told reporters at the White House on Friday. Trump did not give further details about the ruling, but said that vaping had become an important industry and that the administration was weighing flavors, age of use and industry jobs.


The Trump administration will issue its final decision on vaping products next week, U.S. President Donald Trump told reporters at the White House on Friday.
Trump did not give further details about the ruling, but said that vaping had become an important industry and that the administration was weighing flavors, age of use and industry jobs.
Trump says will issue final decision on vaping product next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08
Keywords: news, cnbc, companies, reporters, told, product, white, final, weighing, issue, decision, industry, vaping, week, ruling, trump, administration


Trump says will issue final decision on vaping product next week

The Trump administration will issue its final decision on vaping products next week, U.S. President Donald Trump told reporters at the White House on Friday.

Trump did not give further details about the ruling, but said that vaping had become an important industry and that the administration was weighing flavors, age of use and industry jobs.


Company: cnbc, Activity: cnbc, Date: 2019-11-08
Keywords: news, cnbc, companies, reporters, told, product, white, final, weighing, issue, decision, industry, vaping, week, ruling, trump, administration


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UAW leaders approve Ford labor deal, send it to rank-and-file union members for final vote

DETROIT — Local United Auto Workers leaders from across the country approved a new four-year labor contract with Ford Motor, sending it to their rank-and-file members for final approval. The deal includes Ford investing more than $6 billion in its U.S. manufacturing operations and the creation or retention of 8,500 U.S. jobs. Under the deal, Ford is also offering a $60,000 retirement bonus for eligible workers. Unlike GM’s deal, Ford would not dissolve a jointly operated training center with the


DETROIT — Local United Auto Workers leaders from across the country approved a new four-year labor contract with Ford Motor, sending it to their rank-and-file members for final approval.
The deal includes Ford investing more than $6 billion in its U.S. manufacturing operations and the creation or retention of 8,500 U.S. jobs.
Under the deal, Ford is also offering a $60,000 retirement bonus for eligible workers.
Unlike GM’s deal, Ford would not dissolve a jointly operated training center with the
UAW leaders approve Ford labor deal, send it to rank-and-file union members for final vote Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: michael wayland
Keywords: news, cnbc, companies, ford, plant, members, contract, temporary, bonuses, final, workers, deal, training, rankandfile, union, send, labor, leaders, according, vote, uaw


UAW leaders approve Ford labor deal, send it to rank-and-file union members for final vote

DETROIT — Local United Auto Workers leaders from across the country approved a new four-year labor contract with Ford Motor, sending it to their rank-and-file members for final approval.

The deal includes Ford investing more than $6 billion in its U.S. manufacturing operations and the creation or retention of 8,500 U.S. jobs. The largest investment would be $1.1 billion in Ford’s Michigan Assembly plant for the all-new Ford Bronco SUV and Ford Ranger midsize pickup, according to a summary of the deal released by the union Friday.

Ford declined to comment on any details of the proposal.

The automaker, as first reported by CNBC, also agreed to $9,000 ratification bonuses for full-time workers and $3,500 ratification bonuses for temporary employees.

The UAW’s roughly 55,000 rank-and-file members with the automaker are now expected to vote on the proposed contract over the next two weeks.

The deal also includes the closing of an engine plant in Michigan. If the deal is approved, about 600 hourly employees who work at Ford’s Romeo Engine factory would be offered jobs at a nearby transmission plant or a buyout package equivalent to ones under the union’s recent deal with General Motors.

Ford’s proposed agreement also mirrors GM’s deal for 3% raises or 4% lump-sum bonuses each year of the contract, retention of roughly 3% out-of-pocket health-care costs and a path for temporary workers to become full-time employees. Under the deal, Ford is also offering a $60,000 retirement bonus for eligible workers. All lower-paid, or “in-progression,” workers would reach top pay of more than $32 an hour in the next four years, according to the agreement.

Unlike GM’s deal, Ford would not dissolve a jointly operated training center with the union that has been part of a multiyear federal probe into union corruption. However, the Ford-UAW facility would rework its operational structure for additional oversight, as GM did, according to the union.

No one involved in the Ford training center has been charged as part of the corruption probe, as they have at the GM and Fiat Chrysler facilities.


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: michael wayland
Keywords: news, cnbc, companies, ford, plant, members, contract, temporary, bonuses, final, workers, deal, training, rankandfile, union, send, labor, leaders, according, vote, uaw


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Alphabet secures conditional approval to build a ‘smart city’ in Toronto

Alphabet’s Sidewalk Labs unit has secured conditional approval to move forward in the process to build a smart-city in Toronto, the city’s waterfront development board said on Thursday. “We are encouraged by today’s decision by the Waterfront Toronto board and are pleased to have reached alignment on critical issues with Waterfront Toronto,” Sidewalk Labs CEO Dan Doctoroff wrote in a statement. “We want to be a partner with Waterfront Toronto and governments to build an innovative and inclusive


Alphabet’s Sidewalk Labs unit has secured conditional approval to move forward in the process to build a smart-city in Toronto, the city’s waterfront development board said on Thursday.
“We are encouraged by today’s decision by the Waterfront Toronto board and are pleased to have reached alignment on critical issues with Waterfront Toronto,” Sidewalk Labs CEO Dan Doctoroff wrote in a statement.
“We want to be a partner with Waterfront Toronto and governments to build an innovative and inclusive
Alphabet secures conditional approval to build a ‘smart city’ in Toronto Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: william feuer
Keywords: news, cnbc, companies, conditional, labs, smart, issues, build, approval, waterfront, alphabet, board, project, public, final, city, toronto, proposal, sidewalk, secures


Alphabet secures conditional approval to build a 'smart city' in Toronto

Alphabet’s Sidewalk Labs unit has secured conditional approval to move forward in the process to build a smart-city in Toronto, the city’s waterfront development board said on Thursday.

The directors of Waterfront Toronto met on Thursday to consider “alignment on critical issues” between Waterfront and Sidewalk Labs on the company’s proposal to build a futuristic urban development project along Toronto’s water front.

The approval means the project will go through a formal evaluation and further public consultation before a final vote on March 31, 2020 by Waterfront Toronto, a corporation funded by the city, provincial and federal governments.

“We are encouraged by today’s decision by the Waterfront Toronto board and are pleased to have reached alignment on critical issues with Waterfront Toronto,” Sidewalk Labs CEO Dan Doctoroff wrote in a statement. “We want to be a partner with Waterfront Toronto and governments to build an innovative and inclusive neighborhood.”

Waterfront Toronto has a mandate to approve projects, although some aspects — including sales of government land — will still have to be approved by the relevant level of government. While the Waterfront Toronto board vote is not the final hurdle Alphabet faces in the approval process, a no vote from the board may have ended the project.

“After two years in Toronto and engaging and planning with over 21,000 Toronto residents, we are looking forward to the next round of public consultations, entering the evaluation process, and continuing to develop a plan to build the most innovative neighbourhood in the world,” Doctoroff said. “We are working to demonstrate an inclusive neighborhood here in Toronto where we can shorten commute times, make housing more affordable, create new jobs, and set a new standard for a healthier planet.”

In June, Sidewalk Labs submitted its 1,524-page proposal for the project on Toronto’s eastern waterfront. The proposal showed that the Google sister company was reigning back some of its involvement, amid local pushback. The company said it aimed to spend a total of $3.9 billion in the areas that will make up the “smart” district.

“The proposal represents our best thinking to date on the path to creating the most innovative place in the world, right here in Toronto,” Sidewalk Labs said in a blog post Thursday. “Our proposal was bold, but it was also a draft— subject to additional public consultations, further refinement and government approvals.”

The project has faced hurdles, as critics said Sidewalk Labs’ proposals for data usage and storage took too much from individuals, and did not create enough opportunities for Canadian businesses. Sidewalk and Waterfront Toronto had until Thursday to resolve “threshold issues,” as Waterfront termed them, including data usage and scope, that would satisfy both parties and allowed the project to move forward toward final approval.

“Let me be clear: this is not a done deal. There is still much work to do before a final decision,” wrote Chair of the Waterfront Toronto Board of Directors Stephen Diamond in a letter to the public. “While a final Board decision whether or not to proceed has yet to be made, we are pleased that we are now able to move to the evaluation stage on a project that has the potential to create new jobs and economic development opportunities, a create carbon-neutral neighbourhood, and more affordable housing units”

Diamond highlighted a number of issues on which the board and Sidewalk Labs were able to agree, including a reduction in the amount of land involved in the deal and that all personal data will be stored in Canada. Diamond also emphasized a number of topics on which there has been discussion such as land valuation and a potential revenue share.

“Sidewalk Labs listened to our concerns, and those of the public, and has confirmed that it will make significant changes to its proposal…”

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: william feuer
Keywords: news, cnbc, companies, conditional, labs, smart, issues, build, approval, waterfront, alphabet, board, project, public, final, city, toronto, proposal, sidewalk, secures


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Rep. Katie Hill says she’s quitting the House ‘because of a double standard’ for women

Democratic Rep. Katie Hill is leaving Congress “because of a double standard,” she said in her final speech on the floor on Thursday. Rep. Katie Hill (D-CA) answers questions from reporters at the U.S. Capitol following her final speech on the floor of the House of Representatives October 31, 2019 in Washington, DC. Her final act in office was voting for a resolution laying out formal rules in the impeachment inquiry against President Donald Trump. In the speech, Hill apologized to her constitue


Democratic Rep. Katie Hill is leaving Congress “because of a double standard,” she said in her final speech on the floor on Thursday.
Rep. Katie Hill (D-CA) answers questions from reporters at the U.S. Capitol following her final speech on the floor of the House of Representatives October 31, 2019 in Washington, DC.
Her final act in office was voting for a resolution laying out formal rules in the impeachment inquiry against President Donald Trump.
In the speech, Hill apologized to her constitue
Rep. Katie Hill says she’s quitting the House ‘because of a double standard’ for women Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: yelena dzhanova
Keywords: news, cnbc, companies, donald, sexual, hill, speech, congress, shes, trump, rep, leaving, fight, final, quitting, katie, house, office, women, double, standard


Rep. Katie Hill says she's quitting the House 'because of a double standard' for women

Hill announced on Sunday that she would resign from Congress amid allegations that she had engaged in two inappropriate relationships with subordinate employees. She admitted to having a relationship with a female campaign staffer but denied any relationship with a male congressional staffer. The allegations surfaced when a conservative blog published private images and text messages alluding to those relationships.

“I’m leaving because of a misogynistic culture that gleefully consumed my naked pictures, capitalized on my sexuality, and enabled my abusive ex to continue that abuse,” she said. “I’m leaving because of the thousands of vile threatening emails, calls and texts” that she said were directed at her after a conservative blog released those private photos.

Democratic Rep. Katie Hill is leaving Congress “because of a double standard,” she said in her final speech on the floor on Thursday.

Rep. Katie Hill (D-CA) answers questions from reporters at the U.S. Capitol following her final speech on the floor of the House of Representatives October 31, 2019 in Washington, DC.

Friday will be her last day in Congress. Her final act in office was voting for a resolution laying out formal rules in the impeachment inquiry against President Donald Trump.

“Today as my final act, I voted to move forward with the impeachment of Donald Trump on behalf of the women of the United States of America,” she said on the floor.

In the speech, Hill apologized to her constituents, friends, family and colleagues, and cited a slew of reasons she’s leaving office. “I’m leaving because there is only one investigation that deserves the attention of this country, and that’s the one we voted on today,” she said, noting that allegations against President Donald Trump of sexual harassment and sexual assault were one of her prime motivators for voting to proceed in the inquiry.

Hill said she’s stepping down but doesn’t want “to let this experience scare off other women.”

“The way to overcome this setback is for women to keep showing up, to keep running for office, to keep stepping up as leaders,” she said.

“We have men who have been credibly accused of intentional acts of sexual violence” who are sitting on the Supreme Court and presiding in the Oval Office, she said.

California Gov. Gavin Newsom has not yet announced the date for a special election to replace her, but there are at least a dozen people who have filed paperwork with the Federal Election Commission to run for the seat. Among those is George Papadopoulos, a former campaign aide to President Donald Trump who went to jail after pleading guilty to lying to the FBI during former special counsel Robert Mueller’s investigation into possible links between the campaign and Russia’s interference in the 2016 election.

“Resigning from Congress was one of the most difficult decisions of my life. But I could not allow myself to be a distraction from the constitutional crisis we are faced with and the critical work to fulfill our promises of quality healthcare, housing we can afford and a government that works for the people,” the 32-year-old said in a prepared statement released on Wednesday.

In a video released Monday, following Hill’s decision to resign, she promised to fight against “revenge porn,” among other issues.

“I need you to know that my fight is not over,” she said in the video.

“I’m going to continue to fight for our democracy, for representation, for justice and equality and for making the world a better place,” she added. “And I will also take up a new fight. I will fight to make sure no one else has to live through what I just experienced.”

Hill has hired Carrie Goldberg, an attorney who specializes in victims rights, to represent her while she pursues a legal remedy for the release of her private photos without her consent, NBC reported.

In a Thursday briefing, House Speaker Nancy Pelosi called the release of the photos “shameful.”

She also said what happened to Hill should be regarded as a cautionary tale.

“I do say to my own children and grandchildren, especially young children, you know, some of these — I don’t know what to call them — appearances on social media can come back to haunt you if they are taken out of context and that,” she said. “But I do think that we have to be careful.”


Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: yelena dzhanova
Keywords: news, cnbc, companies, donald, sexual, hill, speech, congress, shes, trump, rep, leaving, fight, final, quitting, katie, house, office, women, double, standard


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Marketing chiefs face a ‘final desperate fight for survival’ in 2020, says report

The report does not see the role being eliminated but stated: “We do see a stage set for a desperate fight for survival.” Having a marketing department can make marketing activities feel separate, the report suggested, whereas direct-to-consumer businesses like beauty subscription company Birchbox try to consider the role of brand and marketing in all of its teams. The company promoted its CMO Amanda Tolleson to chief customer officer in 2018, with responsibility for digital engineering and cust


The report does not see the role being eliminated but stated: “We do see a stage set for a desperate fight for survival.”
Having a marketing department can make marketing activities feel separate, the report suggested, whereas direct-to-consumer businesses like beauty subscription company Birchbox try to consider the role of brand and marketing in all of its teams.
The company promoted its CMO Amanda Tolleson to chief customer officer in 2018, with responsibility for digital engineering and cust
Marketing chiefs face a ‘final desperate fight for survival’ in 2020, says report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-29  Authors: lucy handley
Keywords: news, cnbc, companies, final, chief, chiefs, cmo, report, fight, officer, desperate, survival, marketing, face, 2020, growth, suggested, company, brand, customer


Marketing chiefs face a 'final desperate fight for survival' in 2020, says report

Now more than ever, CMOs have to be in charge of how their brand is perceived everywhere. “The reality is that most CMOs haven’t effectively navigated this transition,” the report’s authors state. “Those who succeed will do so by being accountable for it all — the brand, communications, sales enablement, CX (customer experience) and technology selection.”

The emergence of digital technology has meant a “painful transition” for CMOs, from long-term brand builders to operators who are focused on quarterly results and data, according to the “Predictions 2020” report from analyst Forrester. The report does not see the role being eliminated but stated: “We do see a stage set for a desperate fight for survival.”

The digital age has meant that consumers have more ways of experiencing a company than ever: from the ads they see on their Instagram feed to sending a message to a customer service team via Twitter . This puts more pressure on marketers, who may have previously only controlled the advertising and communications side of things. Now into the job mix comes a greater demand for real-time feedback on how well, and how often, a firm is communicating with customers.

For example, KFC’s CMO Andrea Zahumensky is in charge of innovation, marketing, operations, media and sales at the company, and has moved the innovation and marketing teams closer together to speed up new product creation, such as the limited edition KFC x Cheetos sandwich that launched in New York in July. “Aligning food innovation and marketing with operations allows ideas to come to life quickly and be delivered to customers with strategic agility,” Forrester’s report stated.

Having a marketing department can make marketing activities feel separate, the report suggested, whereas direct-to-consumer businesses like beauty subscription company Birchbox try to consider the role of brand and marketing in all of its teams. The company promoted its CMO Amanda Tolleson to chief customer officer in 2018, with responsibility for digital engineering and customer experience as well as marketing.

“Counterintuitively, eliminating the CMO position sets the brand free from the confines of marketing, reuniting it with the business,” the report stated.

A separate report from U.S. organization the CMO Council also noted a shift in attitude towards marketing. “Major companies in fast-moving consumer goods brands, including Coca-Cola, Kimberly-Clark, and Mars, Incorporated, have newly minted CGOs (chief growth officers) while eliminating the chief marketing officer (CMO) title —suggesting a fundamental shift in thinking, and, potentially, a downgrading of marketing’s stature in the board room,” its report stated earlier this month.

CMO Council research suggested that 70% of marketers say their companies expect marketing to be the primary source of business growth, but some survey respondents indicated they weren’t as involved as they should be in sources of growth such as new product development.

What partly stops businesses from innovating and growing is “management ego,” the CMO Council’s report suggested, quoting Shari Matras, chief growth officer of Chicago-based household goods company Jelmar. “Big CPG (consumer packaged goods) knows where the big opportunities are. They have all the research. New people come in and throw out great ideas and initiatives because it wasn’t their idea. Senior leadership has to be able to get out of the way and let the people who have the data and are close to the consumer get the job done.”


Company: cnbc, Activity: cnbc, Date: 2019-10-29  Authors: lucy handley
Keywords: news, cnbc, companies, final, chief, chiefs, cmo, report, fight, officer, desperate, survival, marketing, face, 2020, growth, suggested, company, brand, customer


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After 39 found dead in truck, family reveals daughter’s final text: ‘I can’t breathe’

Luong’s family fears that he may be among the 39 people found dead in the back of a container truck in southeastern England. One family received a final text from their daughter saying she couldn’t breathe and was dying. British police charged the 25-year-old truck driver Saturday with 39 counts of manslaughter and conspiracy to traffic people. The father of 20-year-old Nguyen Dình Luong fears his son is among the dead. “He often called home, but I haven’t been able to reach him since the last t


Luong’s family fears that he may be among the 39 people found dead in the back of a container truck in southeastern England.
One family received a final text from their daughter saying she couldn’t breathe and was dying.
British police charged the 25-year-old truck driver Saturday with 39 counts of manslaughter and conspiracy to traffic people.
The father of 20-year-old Nguyen Dình Luong fears his son is among the dead.
“He often called home, but I haven’t been able to reach him since the last t
After 39 found dead in truck, family reveals daughter’s final text: ‘I can’t breathe’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-26
Keywords: news, cnbc, companies, dnh, truck, breathe, text, final, family, week, cant, families, told, vietnamese, victims, daughters, reveals, nguyen, dead, vietnam


After 39 found dead in truck, family reveals daughter's final text: 'I can't breathe'

Nguyen Dinh Hai holds an ID photo of his younger brother Nguyen Dinh Luong, 20, at his home on Oct. 26, 2019, in Can Loc district, Ha Tinh province, Vietnam. Luong’s family fears that he may be among the 39 people found dead in the back of a container truck in southeastern England.

One family received a final text from their daughter saying she couldn’t breathe and was dying. Another grieving family set up a makeshift altar for their missing daughter who paid $10,000 in hopes of pursuing a career as a nail technician in Britain. A desperate father is searching for his son, who frequently calls home but hasn’t since last week.

They are some of the dozens of families looking for any information about their loved ones following the discovery earlier this week of 39 bodies in the back of a sealed truck in southeastern England. The investigation into the gruesome case is still in the early stages, but British officials have deemed it one of the deadliest cases of people smuggling ever reported in the country.

British police charged the 25-year-old truck driver Saturday with 39 counts of manslaughter and conspiracy to traffic people. Five people are being questioned by police, including the truck driver and three people who were arrested Friday on suspicion on manslaughter and conspiracy to traffic people. Irish police said another man was arrested Saturday in connection with the case.

British police said Saturday they have removed all the bodies from the truck and are awaiting autopsies. Identifying the victims is expected to be difficult and officials said very few documents were found with the bodies. Smugglers normally take the passports of their passengers to obscure their identities, stripping them of their names and giving them new documents when they arrive at their destinations.

Police initially believed the victims were Chinese but later acknowledged that the details were still evolving. The Vietnamese government also announced Sunday its own investigation into the deaths and set up a hotline for families.

That comes after attention shifted to Vietnam Friday, when the family of a 26-year-old Vietnamese woman released text messages suggesting she had suffocated in the truck. Relatives of Pham Tra My told the BBC they had been unable to contact the 26-year-old since receiving a text Tuesday night saying she was suffocating.

“I’m so sorry mom and dad. … My journey abroad doesn’t succeed,” she wrote. “Mom, I love you and dad very much. I’m dying because I can’t breathe. … Mom, I’m so sorry.”

In the village of Yen Thanh in north-central Vietnam, the mother and a sister of Bui Thi Nhung mourned Saturday as they set up an altar for the 19-year-old woman. A family friend in the U.K. told them their relative had died in the tragedy.

Nhung paid an agent thousands of dollars in hopes of finding work at a nail parlor in Britain.

“Many families in Yen Thanh got rich from money sent back by their children working abroad,” said Le Dình Tuan, a neighbor who had gone to her house to check on her mother.

The father of 20-year-old Nguyen Dình Luong fears his son is among the dead. He told The Associated Press he hadn’t been able to reach his son since last week, when the young man told his father he planned to join a group in Paris that was trying to reach England.

“He often called home, but I haven’t been able to reach him since the last time we talked last week,” Nguyen Dình Gia said. “I told him that he could go to anywhere he wants as long as it’s safe. He shouldn’t be worried about money, I’ll take care of it.”

His older brother, Pham Dình Hai, said Luong had a tattoo of praying hands on a cross on his right shoulder. The family said they shared the information with local authorities.

Desperate families are now reaching out to the media, community organizations and acquaintances in the U.K., hoping for any scrap of news. A representative for VietHome, which serves Vietnamese people in the U.K., said it had forwarded to police the pictures of almost 20 people who have been reported missing.

Bernie Gravett, a former Metropolitan Police officer who now advises the European Union on human trafficking, told the BBC that the use of false identification and the sheer numbers of people traveling to Europe make such efforts difficult.

“It’s a cruel stage for the families, because hundreds if not thousands are currently on those routes, so I appreciate we are getting calls from Vietnam saying my loved one is missing and my loved one may be on that lorry (truck), but they could be on another lorry,” he said.

The investigation stretches across Europe and authorities are trying to track the movements of the truck before the victims were discovered early Wednesday morning at an industrial park in Graves, England, a town 25 miles (40 kilometers) east of London.

This is just the latest smuggling tragedy as tens of thousands of people move across Europe in search of security and economic opportunity.

Groups of migrants have repeatedly landed on English shores in small boats after making the risky Channel crossing, and migrants are often found in the back of cars and trucks that disembark from the massive ferries that link France and England.


Company: cnbc, Activity: cnbc, Date: 2019-10-26
Keywords: news, cnbc, companies, dnh, truck, breathe, text, final, family, week, cant, families, told, vietnamese, victims, daughters, reveals, nguyen, dead, vietnam


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UAW members approve labor deal to end strike with GM; union selects Ford next

DETROIT — The United Auto Workers gave final approval Friday for a new four-year labor contract with General Motors. The ratification brings to an end the union’s 40-day strike, which cost the automaker well over $2 billion. The contract was supported by 57% of members who voted, according to final results from the union. Both companies had agreed to contract extensions so the union could concentrate on talks with GM. The union will use the GM deal as a template for negotiations with the other D


DETROIT — The United Auto Workers gave final approval Friday for a new four-year labor contract with General Motors.
The ratification brings to an end the union’s 40-day strike, which cost the automaker well over $2 billion.
The contract was supported by 57% of members who voted, according to final results from the union.
Both companies had agreed to contract extensions so the union could concentrate on talks with GM.
The union will use the GM deal as a template for negotiations with the other D
UAW members approve labor deal to end strike with GM; union selects Ford next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-25  Authors: michael wayland
Keywords: news, cnbc, companies, selects, strike, workers, ford, unions, uaw, labor, final, work, detroit, contract, ratification, union, end, members, deal


UAW members approve labor deal to end strike with GM; union selects Ford next

DETROIT — The United Auto Workers gave final approval Friday for a new four-year labor contract with General Motors. The ratification brings to an end the union’s 40-day strike, which cost the automaker well over $2 billion.

Some of the union’s 48,000 members with GM are expected to return to work as early as Saturday, showing the automaker is wasting no time in recouping lost production from the work stoppage, which started Sept. 16.

The contract was supported by 57% of members who voted, according to final results from the union. Less than 41,000 of the UAW’s roughly 48,000 workers with GM cast ballots.

GM CEO and Chairman Mary Barra, in a statement, said the deal recognizes the company’s employees for “the important contributions they make to the overall success of the company, with a strong wage and benefit package and additional investment and job growth in our U.S. operations.”

GM shares were up about 1% during after-market trading following reports of the ratification. The stock closed at $36.74, up 2.57%.

The union on Friday said it will negotiate with Ford next, followed by Fiat Chrysler. Both companies had agreed to contract extensions so the union could concentrate on talks with GM. The union will use the GM deal as a template for negotiations with the other Detroit automakers.


Company: cnbc, Activity: cnbc, Date: 2019-10-25  Authors: michael wayland
Keywords: news, cnbc, companies, selects, strike, workers, ford, unions, uaw, labor, final, work, detroit, contract, ratification, union, end, members, deal


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Tickets for ‘Star Wars: The Rise of Skywalker’ will go on sale tonight

It’s almost time to snag tickets for the final installment of the Skywalker Saga. Tickets for “Star Wars: The Rise of Skywalker” will go on sale Monday evening after halftime of the National Football League game between the New England Patriots and the New York Jets. The ticket sales for the final installment of the franchise, which began in 1977, are expected to follow Disney-owned Lucasfilm’s release of the film’s final trailer. Lucasfilm released teaser videos at Star Wars Celebration in Apri


It’s almost time to snag tickets for the final installment of the Skywalker Saga.
Tickets for “Star Wars: The Rise of Skywalker” will go on sale Monday evening after halftime of the National Football League game between the New England Patriots and the New York Jets.
The ticket sales for the final installment of the franchise, which began in 1977, are expected to follow Disney-owned Lucasfilm’s release of the film’s final trailer.
Lucasfilm released teaser videos at Star Wars Celebration in Apri
Tickets for ‘Star Wars: The Rise of Skywalker’ will go on sale tonight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-21  Authors: mallika mitra sarah whitten, mallika mitra, sarah whitten
Keywords: news, cnbc, companies, sale, rise, tonight, trailer, final, wars, trailers, skywalker, months, tickets, installment, teaser, films, star


Tickets for 'Star Wars: The Rise of Skywalker' will go on sale tonight

It’s almost time to snag tickets for the final installment of the Skywalker Saga.

Tickets for “Star Wars: The Rise of Skywalker” will go on sale Monday evening after halftime of the National Football League game between the New England Patriots and the New York Jets.

The ticket sales for the final installment of the franchise, which began in 1977, are expected to follow Disney-owned Lucasfilm’s release of the film’s final trailer.

The trailer has been long anticipated. Lucasfilm released teaser videos at Star Wars Celebration in April and the D23 Expo in August, but fans are still waiting for the final trailer. Despite the timeline most blockbuster films follow of releasing full-length trailers between five and six months before the film opens, the last two “Star Wars” films also didn’t launch official trailers until two months before they were released.

All fans have been offered from the teaser trailers are short clips that don’t give away much of the plot line. But those clips still fueled excitement.


Company: cnbc, Activity: cnbc, Date: 2019-10-21  Authors: mallika mitra sarah whitten, mallika mitra, sarah whitten
Keywords: news, cnbc, companies, sale, rise, tonight, trailer, final, wars, trailers, skywalker, months, tickets, installment, teaser, films, star


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It’s the bulls’ game to lose as the stock market heads for its final act of 2019

Wall Street’s final act of 2019 will hinge on whether investors should believe the messages being sent by corporate credit, crowd consensus and the calendar characteristics. Stocks are not cheap at close to 17-times forecast earnings, but also not terribly expensive, especially compared to bond yields. For now, the credit backdrop remains pretty benign, helped by an easier Fed and a global hunger for predictable cash yield. The risk spread demanded by investors in the vast market for BBB-rated c


Wall Street’s final act of 2019 will hinge on whether investors should believe the messages being sent by corporate credit, crowd consensus and the calendar characteristics.
Stocks are not cheap at close to 17-times forecast earnings, but also not terribly expensive, especially compared to bond yields.
For now, the credit backdrop remains pretty benign, helped by an easier Fed and a global hunger for predictable cash yield.
The risk spread demanded by investors in the vast market for BBB-rated c
It’s the bulls’ game to lose as the stock market heads for its final act of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: michael santoli
Keywords: news, cnbc, companies, act, heads, source, global, stock, corporate, lose, higher, bulls, cash, investors, 2019, bank, stocks, final, market, game, yields


It's the bulls' game to lose as the stock market heads for its final act of 2019

Wall Street’s final act of 2019 will hinge on whether investors should believe the messages being sent by corporate credit, crowd consensus and the calendar characteristics. The broad market has been a sloppy stalemate between supportive and antagonistic forces for many months: The S&P 500 is hovering around the 3000 level it first reached in July – and is only up 4 percent from its January 2018 peak. The global economic slowdown and flattening of corporate profits have held equities in check — leading to bouts of intense recession anticipation — while profoundly low global bond yields and a still-sturdy U.S. consumer have bolstered stock valuations. Now — with the S&P up nearly 20% year to date but with the near-20% drop of a year ago fresh in mind — most investors, Cassandras and Polyannas alike, agree on a few things. Stocks are not cheap at close to 17-times forecast earnings, but also not terribly expensive, especially compared to bond yields. The Federal Reserve has cut rates twice and is quite likely to offer a third, even without severe weakness striking the U.S. economy. And while the economic expansion is looking mature, there aren’t bright flashing lights indicating an imminent recession. This leads to those three crucial factors under debate as the key to whether the market is preparing to break higher after a long bull-market intermission or not.

Credit where due

If a recession were ominously approaching, it would come as something of a surprise to the corporate-debt markets, which have a reputation for expressing worry about the economy and risks to company cash flows before stocks register them. For now, the credit backdrop remains pretty benign, helped by an easier Fed and a global hunger for predictable cash yield. The risk spread demanded by investors in the vast market for BBB-rated corporate debt has been steady, as seen here. Certainly this gap has widened from very tight readings back in 2018 but are not signaling stress or alarm about the availability of money for lower-rated issuers in the investment-grade universe. Source: FRED Citigroup strategists also point to the Fed’s bank survey showing that lending standards for commercial and industrial loans have not become particularly restrictive, which in their view hints that industrial production should reverse some of its recent drop. Source: Citigroup There are plenty of clear excuses to worry about the durability of the economy, including a still-unpredictable trade fight dampening corporate investment and CEO sentiment. And the more speculative fringes of the debt markets — such as bottom-rated CCC-rated junk bonds and bank loans to highly leveraged borrowers — are showing some outright vulnerability to higher default rates. But, on the whole, credit is holding together and is not a reason to doubt stocks’ ability to make further progress from here.

Reading the crowd

The choppy August pullback in stocks, accompanied by a rush toward record lows in Treasury yields and sharp drop in global growth, took a toll on investor attitudes. A mosaic of sentiment and investor-positioning gauges say the market mood is subdued, especially given the S&P 500 is within a small upward wiggle of a record high. Ned Davis Research tracks a composite of trader-sentiment indicators, which this month fell to the “extreme pessimism” zone where stocks’ risk-reward prospects tend to improve. Source: Ned Davis Research Retail investors for years have consistently harvested cash from the equity market and have been net buyers of bonds as yields have pressed lower. There is certainly a demographic tide involved, as an older population makes safety and retirement income higher priorities over capital appreciation. But if nothing else, this pattern shows the lack of any kind of enthusiasm toward equities that would raise concerns about reckless greed inflating stocks. Bank of America Merrill Lynch tallies the net flows across asset classes on a weekly basis, which shows the risk-averse move away from stocks and into bonds and cash. Source: Bank of America Merrill Lynch As noted, this has been the general trend for much of this bull market, which of course has seen numerous nasty corrections and scares. But that doesn’t change the fact that investors seem not to be expecting or playing for another leg higher in stocks – which is itself a net positive.

‘Tis the season


Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: michael santoli
Keywords: news, cnbc, companies, act, heads, source, global, stock, corporate, lose, higher, bulls, cash, investors, 2019, bank, stocks, final, market, game, yields


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HBO’s ‘Silicon Valley’ final season riffs on Big Tech’s Washington problems and it hits close to home

HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever. The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships. In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data.


HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever.
The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships.
In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data.

HBO’s ‘Silicon Valley’ final season riffs on Big Tech’s Washington problems and it hits close to home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jennifer elias
Keywords: news, cnbc, companies, silicon, valley, tech, problems, washington, final, making, world, members, techs, hits, season, cast, started, riffs, hbos, companies


HBO's 'Silicon Valley' final season riffs on Big Tech's Washington problems and it hits close to home

HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever.

“We’re a little sentimental because we just wrapped production, but also because we feel like this story is just getting started,” said head of HBO comedy programming Amy Gravitt at a premiere event in San Francisco Wednesday, referring to ongoing issues facing Big Tech.

The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships. It comes as Big Tech faces increasing scrutiny from the public, lawmakers and presidential candidates alike.

(Consider this your spoiler warning if you want to wait for the show’s premiere.)

In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data. Nervously sweating, he compared his moral standing to that of Facebook and Google, who he said have gotten away with monopolizing advertising and search, only to return back from Washington to learn his company used the same practices.

During a screening in San Francisco Wednesday, cast members reflected on how interactions with the public and with Silicon Valley companies themselves have morphed since the show first aired in 2014.

“A lot has changed in the way people think about tech since the show has started,” said former Twitter CEO Dick Costolo, who moderated a panel discussion with cast members after the screening.

“When we first started, it was bout outsiders trying to make a name and a business and now it’s become about people literally trying to save the world from people who have torn the fabric of society and broken the world,” director Alec Berg said.

Berg and and show creator Mike Judge said even interactions with companies have changed and —at times— proven their on-screen stereotypes.

“At first, at Google, we got a tour from a person who didn’t really know what they were doing and we got a very different tour after the show had come out,” Judge said. “It was like the media relations people — one after another — who’d say ‘Oh it’s great how you’re making fun of these companies who say they are making the world a better place, now let me show you how we are making the world a better place.'”

Actor Thomas Middleditch, who plays the main character Richard Hendricks, said techies approach him saying the show sometimes hits too close to home.

“It’s usually one of two things: ‘Oh man, I love the show — it’s like you had a camera in the room because that happened to me’ or it’s ‘hey man, I hear the show’s really good but I can’t watch it because it makes me relive my trauma at a startup.'”

The cast jokingly threw jabs at the audience, which was a combination of Silicon Valley and Hollywood types.

“How do you feel that they are un-self aware, and we can almost go individual by individual” actor Zach Woods said sarcastically, referring to audience members who work in tech.

“Say your net worth to,” Middleditch added.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jennifer elias
Keywords: news, cnbc, companies, silicon, valley, tech, problems, washington, final, making, world, members, techs, hits, season, cast, started, riffs, hbos, companies


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