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Up to 17,000 Delphi workers retirement-eligible
YAHOO
Reuters - Bankrupt auto parts supplier Delphi Corp. expects about 17,000 U.S. blue-collar workers, half of its U.S. total, to be eligible for retirement programs from its various unions, it said in court papers.
GM, Delphi Offer Buyouts, Early Retirement
YAHOO
AP - In one of the largest buyout programs ever, more than 125,000 hourly workers of General Motors Corp. and auto supplier Delphi Corp. are being offered up to $140,000 to give up their jobs to help cut the companies' crippling labor costs.
Dow Climbs to Finish at New 5-Year High
YAHOO
AP - Stocks rose Wednesday on upbeat news from big companies: a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley and a cost-cutting deal between General Motors Corp., Delphi Corp. and the United Auto Workers. The gains were enough to push the Dow Jones industrial average to a new five-year high.
Dow Closes Up 82, Nasdaq Finishes Up 9
YAHOO
AP - Stocks rose Wednesday on upbeat news from big companies: a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley and a cost-cutting deal between General Motors Corp., Delphi Corp. and the United Auto Workers. The gains were enough to push the Dow Jones industrial average to a new five-year high.
Delphi, GM Offering Early Retirement Buyouts For Up To $140,000
AHN
Julie Farby - AHN Staff Writer Detroit, Michigan (AHN)—General Motors Corp. and auto parts supplier Delphi Corp. announced deals with the United Auto Workers that would help the struggling companies cut labor costs by offering early-retirement buyouts to 113,000 U.S. hourly workers. The...
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General Motors Offering Buyouts To 113,000 U.S. Workers
AHN
Julie Farby - AHN Staff Writer Detroit, Michigan (AHN)—General Motors Corp. and auto parts supplier Delphi Corp. announced deals with the United Auto Workers that would help the struggling companies cut labor costs by offering early-retirement buyouts to 113,000 U.S. hourly workers. The...
Sources: AHN
GM offers workers up to $140,000 to leave
CNN
General Motors is offering hourly workers as much as $140,000 each to leave the company as the troubled automaker extends its push to cut labor costs and put an end to billions of dollars in losses. The company also announced an agreement with bankrupt auto parts maker Delphi and the UAW that is seen as a key to avoiding a crippling strike at the parts supplier.
Sources: CNN
Delphi, GM, UAW Reach Agreement on Buy-Out
YAHOO
AP - Auto supplier Delphi Corp. said Wednesday that it has reached an agreement with General Motors Corp. and the United Auto Workers to buy out thousands of hourly workers.
Sources: YAHOO
GM, UAW seen nearing deal on early retirement
YAHOO
Reuters - General Motors Corp. and the United Auto Workers on Sunday were nearing agreement on terms of a deal that would offer buyouts to thousands of factory workers at GM and its bankrupt former subsidiary Delphi Corp. , a person familiar with the negotiations said.
Sources: YAHOO
GM loss hits credibility of management
YAHOO
Reuters - General Motors Corp. disclosure of accounting errors and an additional $2 billion loss for 2005 on Friday deepened Wall Street doubts about the company's management and renewed questions about the automaker's long-term survival.
Sources: YAHOO
GM move on Delphi exposure seen as 'progress'
YAHOO
Reuters - General Motors Corp. has increased the amount of its estimated exposure to former parts unit Delphi Corp. , suggesting progress in talks with unions and Delphi, analysts said on Friday.
Sources: YAHOO
GM revises 2005 loss to $10.6 bln
YAHOO
Reuters - General Motors Corp. on Thursday revised its loss for 2005 to $10.6 billion, $2 billion more than initially reported, due to charges associated with its restructuring, the bankruptcy of its former subsidiary Delphi Corp. and its finance arm GMAC.
Sources: YAHOO
Dissident Delphi investor challenges board
YAHOO
Reuters - One of the largest shareholders in auto parts supplier Delphi Corp. on Thursday said the company had overstated its liabilities when seeking bankruptcy protection and demanded that it convene its annual meeting for 2005 as soon as possible.
Sources: YAHOO
Union officials see progress, but no Delphi deal
YAHOO
Reuters - There are signs of progress in the three-way talks between bankrupt auto parts supplier Delphi Corp., General Motors Corp. and the United Auto Workers union, but no deal is yet in sight, union officials said on Wednesday after a closely watched meeting.
Sources: YAHOO
UAW says it is not close to deal with Delphi, GM
YAHOO
Reuters - The United Auto Workers union on Thursday said it was not close to a cost-cutting agreement with bankrupt auto parts maker Delphi Corp. and automaker General Motors Corp.
Sources: YAHOO
Borland: Interest, but no buyer yet, for tools line
YAHOO
InfoWorld - Deciding to concentrate on ALM (application lifecycle management), Borland Software last month announced plans to sell off its faltering JBuilder Java IDE business, as well as its Windows tools platform, including Delphi.
Sources: YAHOO
Borland: Interest, but no buyer yet, for tools line
YAHOO
InfoWorld - Deciding to concentrate on ALM (application lifecycle management), Borland Software last month announced plans to sell off its faltering JBuilder Java IDE business, as well as its Windows tools platform, including Delphi.
Sources: YAHOO
Workers offered Roth 401 s
YAHOO
USATODAY.com - General Motors, Delphi, Vanguard and A.G. Edwards are among the first major employers this year to begin rolling out Roth 401(k) plans, which let workers withdraw money tax-free in retirement.
Sources: YAHOO
GM CEO says UAW/Delphi deal not guaranteed
YAHOO
Reuters - GM Chairman and Chief Executive Rick Wagoner said on Friday that a negotiated settlement of bankrupt Delphi Corp. and its union over the auto supplier's restructuring was "not guaranteed."
Sources: YAHOO
Delphi delays motion to void union contracts
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. on Friday said it would delay to the end of March filing court papers to void its labor contracts and cut retiree benefits, citing progress in talks with its unions and former parent General Motors Corp.
Sources: YAHOO
In Brief: Real Software offers new home to Borland developers
YAHOO
InfoWorld - Real Software announced that all Borland Delphi users can receive a free license for RealBasic 2006 for Windows Standard Edition through Feb. 28.
Sources: YAHOO
GM and UAW in talks over jobs for Delphi workers: paper
YAHOO
Reuters - General Motors Corp. and the United Auto Workers union are working on an early-retirement program that would allow bankrupt auto parts maker Delphi Corp. to shift workers back to the automaker, the Detroit Free Press said on Saturday.
Sources: YAHOO
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