Steelworkers strike Goodyear
AKRON, Ohio -- Steelworkers union members walked off the job Thursday at 16 Goodyear Tire & Rubber Co. plants in the United States and Canada, unable to reach an agreement on a new contract despite months of talks with the world's third-biggest tire maker.
Goodyear said the union refused to agree to help it remain competitive in a global economy. The union said the company's latest proposal would have included two plant closings and other concessions.
Saul Ludwig, a KeyBanc Capital Markets analyst, said in an e-mail to The Associated Press that unless the strike was lengthy, consumers should not see tire prices affected by the walkout because of the large inventory of tires in the market.
Another partner for Nissan?
NASHVILLE, Tenn. -- One day after talks ended over a potential alliance with General Motors Corp., a Nissan official said Thursday the automaker could be interested in another partnership.
After three months of discussion, Nissan and Renault SA of France declined to pay a premium for reaping what GM said would have been a disproportionate share of the benefits, according to a joint statement issued by the companies.
Nissan's shares climbed 3.47 percent to close at 1,369 yen ($11.65) Thursday as investors reacted with relief.
But Nissan remains open to the possibility of talking with another automaker.
More Starbucks stores than ever
SEATTLE -- Starbucks Corp., its stock surging amid healthy sales at existing locations, on Thursday set a new long-term goal to have 40,000 coffee stores worldwide, 10,000 more than its previous target and more than triple the current number.
Starbucks also announced at an analyst meeting in its hometown of Seattle a deal to feature the music it sells in its stores on Apple Computer Inc.'s iTunes online music service.
UPS laying off some employees
ATLANTA -- UPS is laying off an unspecified number of white-collar workers in metro Atlanta and elsewhere as it digests a series of acquisitions, company officials acknowledged. Company officials declined to quantify the job reductions.
``There's no target number,'' said Susan Rosenberg, a UPS spokeswoman at the company's headquarters.
UPS has about 10,000 metro Atlanta employees and 400,000 worldwide.
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|Publication:||Daily News (Los Angeles, CA)|
|Date:||Oct 6, 2006|
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