Word: fords
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...United Auto Workers (UAW) took a major step toward fulfilling the terms of the federal loans doled out to automakers this winter. The union said Monday that it has reached a tentative agreement with Ford to accept some equity instead of cash to finance the special trust for retiree health care, known as the Voluntary Employees Beneficiary Association, or VEBA. (Read "UAW agrees to Concessions With Automakers...
...agreement with Ford does not automatically resolve the ongoing negotiations that labor is having with the managements of GM and Chrysler, but it does establish a prototype that could be used, and it signals the UAW's new willingness to compromise on this issue. "The modifications will protect jobs for UAW members by ensuring the long-term viability of the company," said UAW President Ron Gettelfinger...
...Hinrichs, group vice president of Global Manufacturing and Labor Affairs at Ford Motor Company, said the tentative agreement gives Ford "the option" of using Ford common stock for up to 50% of the payments into the VEBA in lieu of cash. "We will consider each payment when it is due and use our discretion in determining whether cash or stock makes sense at the time, balancing our liquidity needs and preserving shareholder value," Hinrichs said...
...they hiding - state secrets? Oh, that's right: in our society you can't hide a lot of secrets. In the past 40 years, through the Freedom of Information Act, concerned citizens have unearthed documents whose publication resulted in the banning of Red Dye #2, the recalling of the Ford Pinto, the revelation that Agent Orange was used on Vietnamese civilians and the resignation of Vice President Spiro Agnew...
...contributing something to the Cambridge community.”Coogan and his performing partner, violinist Nora K. Ali ’11, are only two of a group of students that street perform. Ari J. Kriegel ’11 has juggled for the Cambridge community, while Felice S. Ford ’11 plays the ukulele on Church Street. Anna M. Resnick ’09 also holds a street performing license from the Cambridge Arts Council, and Robert S. Yi ’10 just purchased one this week.A CLASS ACTCoogan decided to join this vibrant forum...