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UAW, American Axle reach deal that could end strike
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American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday.
Updated: 03:15 PM
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Union rejects American Airlines offer
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Negotiators for union mechanics and bag handlers at American Airlines have rejected a contract proposal from American Airlines that called for lump-sum payments instead of wage increases.
Updated: 03:15 PM
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Oil sets record near $128; pump price at high, too
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News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets _ the move wasn’t anywhere near the kind of production increase needed to bring prices down on Friday.
Updated: 11:45 AM
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Treasury secretary says markets are calmer now
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Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
Updated: 09:15 AM
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Rights activists in Peru condemn corporations
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Human rights activists "ethically and morally" condemned 24 European corporations on Friday, accusing them of environmental contamination, labor exploitation and selling dangerous pesticides in Latin America.
Updated: 06:16 AM
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Cathay Pacific Airways considers cutting routes
