UPDATE 4- UAW threatens strike at Fiat Chrysler U.S. operations DETROIT, Oct 6- United Auto Workers members are planning to strike at Fiat Chrysler Automobiles NV U.S. manufacturing plants as soon as Wednesday evening, threatening to bring manufacturing to a halt. A strike at its U.S. operations could cost the automaker $40 million a week in operating profit, said Sean McAlinden, chief economist with the Center for Automotive...
UPDATE 1-U.S. union warns Fiat Chrysler of possible strike DETROIT, Oct 6- The United Auto Workers has notified Fiat Chrysler Automobiles NV of its intention to have workers walk off the job as early as late Wednesday night, the company said on Tuesday. A notice to Fiat Chrysler's U.S. vice president for employee relations, Glenn Shagena, by the UAW's lead Fiat Chrysler negotiator, Norwood Jewell, said the current four-year...
European markets close: Legal vacuum CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a EU court striking down an existing U.S. data pact.
Data pact between US and EU ruled invalid The European Court of Justice struck down an agreement that enabled the easy transfer of data between the EU and the US. The New York Times Reports.
Source: The New York Times
| By: Mark Scott
Europe pressed to hasten U.S. trade deal after Pacific accord BRUSSELS, Oct 6- A newly forged Pacific Rim trade deal opens the door for Europe to seal its own free trade partnership with the United States but also increases pressure on Brussels to accelerate stalled talks to avoid being left behind. Twelve countries, including the United States, on Monday reached the most ambitious trade pact in a generation, aiming to...
| By: Philip Blenkinsop
Ex-Fed's Fisher: Bernanke wrong on inflation Fed policymakers should not hold off until inflation rises to their 2 percent target to increase interest rates, former Dallas Fed President Richard Fisher tells CNBC.
| By: Matthew J. Belvedere
GLOBAL MARKETS-Stocks cling to 5th day of gains in best run since April LONDON, Oct 6- World stocks were heading for a fifth straight day of gains on Thursday and their best run since April, helped by bets on more support from the world's main central banks and as oil climbed back to $50 a barrel. Asian markets had been lifted to a two-week highs by what looks to set to be the most generous Trans-Pacific trade deal in a generation and Europe...
| By: Marc Jones
UK minister rejects EU migration pact, vows tighter borders LONDON— Britain will never "in a thousand years" agree to a common European immigration policy to deal with the surging number of refugees fleeing to the continent, a top government official declared Tuesday. Home Secretary Theresa May, the U.K.' s interior minister, told an audience at the Conservative Party conference that Britain should tighten control of its...
Source: The Associated Press
| By: By JILL LAWLESS, Associated Press
US trade deficit widens to $48.3 billion in August WASHINGTON— The U.S. trade deficit jumped sharply in August as exports fell to the lowest level in nearly three years while imports increased, led by a surge in shipments of cellphones from China. Exports have been hurt this year by the rising value of the dollar, which makes U.S. goods less competitive on overseas markets, and weaker economic growth in China and...
Source: The Associated Press
| By: By MARTIN CRUTSINGER, AP Economics Writer