BRIEFCASE.Byline: -- Staff and Wire Services Delphi temps to be permanent DETROIT -- Thousands of Delphi Corp. workers hired as temporary employees will become permanent under an agreement reached with the United Auto Workers The United Auto Workers (UAW), headquartered in Detroit, Michigan, officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union union, the auto parts maker confirmed Wednesday. The pact, first announced Tuesday night by union President Ron Gettelfinger, has raised hopes of workers at some of Delphi's U.S. plants that their jobs are more secure. Delphi spokeswoman Claudia Piccinin confirmed that an agreement had been reached but said the company would release details next week. Monster fires its lead lawyer NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Monster Worldwide Inc., the parent of job search site Monster.com, said Wednesday that it terminated Myron Olesnyckyj, the company's lead lawyer, as part of its investigation into past stock-option grant practices. Olesnyckyj, the company's general counsel, is the second high-ranking executive to leave the company over backdated stock options. Andrew J. McKelvey resigned his posts as chairman and chief executive Oct. 9 but at the time retained his seat on the board as chairman emeritus. He resigned fully Oct. 30, citing an unwillingness to sit for further questions over the company's backdating Predating a document or instrument prior to the date it was actually drawn. The negotiability of an instrument is not affected by the fact that it is backdated. practices in the past. Air Force likely to review pact WASHINGTON -- The U.S. Air Force is likely to review whether a $15 billion contract for search and rescue helicopters was correctly awarded to Boeing Co., a defense industry analyst predicts. The sole-source contract awarded Nov. 9 to upgrade 141 Sikorsky Aircraft Pace Hawk helicopters caught many in the defense industry by surprise, says Loren Thompson at the Lexington Institute and longtime government adviser. The Air Force has not yet decided whether to do a review, a spokeswoman said Wednesday. The Boeing contract has been put on hold until the Government Accountability Office The Government Accountability Office (GAO) is the audit, evaluation, and investigative arm of the United States Congress, and thus an agency in the Legislative Branch of the United States Government. reviews protests filed by competitors Lockheed Martin Corp. and Sikorsky Aircraft, a division of United Technologies Corp. All three companies bid on the contract in November 2005. Dell shares up on profit report DALLAS -- Dell shares climbed more than 9 percent Wednesday, a day after the big computer maker beat Wall Street earnings estimates with its delayed third-quarter report. Its shares rose $2.31, or 9.3 percent, to close at $27.13 on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . Its shares have traded in a 52-week range of $18.95 to $33.22. After the markets closed Tuesday, Dell Inc. said its preliminary reading was that it earned $677 million, or 30 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in the three months ended Nov. 3, up from $606 million, or 25 cents per share, in the same quarter a year ago. Revenue was $14.4 billion. Analysts, on average, had been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. third-quarter earnings of 24 cents per share on sales of $14.44 billion, according to a survey by Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . |
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