Delphi, UAW close to agreement

Recovering auto parts maker Delphi Corp. is close to reaching a wages and benefits agreement with the United Auto Workers (UAW). Union officials said they were told today to prepare for a ratification vote soon. UAW President Ron Gettelfinger and Vice President Cal Rapson told local Detroit union officials that …

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Fun-ky stock symbols

Who says companies don’t have a sense of humor? It is true that most companies’ stock symbols are specifically chosen to resemble their names and are therefore easy to remember. For example, Microsoft’s stock symbol is MSFT, Johnson and Johnson’s symbol is JNJ, Procter & Gamble’s symbol is PG. Other …

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Nissan Hybrid Tax Credits still good

Federal tax breaks for hybrid car buyers in the United States have dwindled since the fall. However, according to the Internal Revenue Service, Nissan vehicles can still qualify for the alternative automotive loan. The IRS quarterly review found that the Japanese automaker sold 2,094 qualifying vehicles to retailers in the …

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If Your Borrower Hires a Public Surveyor: A Mortgage Servicer’s Guide

Even outside of the annual hurricane and wildfire season, natural disasters, accidents, and unfortunate events happen on a daily basis. Many of these catastrophic events result in damage to the mortgagor’s property. The mortgage lender often opts for professional representation and hires a public insurance adjuster. The adjuster contacts the …

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Branch Accounting – Understand the Basics

branch As a business, whether for-profit or not-for-profit, grows or plans to expand, it typically opens additional locations. Banks, cafes, supermarkets, department stores, restaurants, beauty salons, airlines, and even government agencies can operate in more than one location, domestically or internationally, to meet the needs of their customers or clientele. …

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China’s investments in Africa

It seems we hear about more Chinese investments in African economies every week. While opinions differ on how growth will be achieved and at what “cost,” there’s no doubt the money is rolling. South Africa’s Standard Bank, Africa’s largest bank, predicts in its five-year outlook that China’s investment in Africa …

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DCX sells Chrysler for $7.4 billion

DaimlerChrysler AG announced Monday that it will sell 80.1 percent of its American luxury division Chrysler Group to private equity firm Cerberus Capital Management LP for $7.4 billion. The deal aims to resolve a troubled 1998 merger aimed primarily at creating a global automotive leader. The happy admirer Cerberus, one …

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Apartments in Campello

El Campello appears to be struggling against the economic turnaround and the housing market slump, although signs of distress are there. Many apartment blocks in Campello seem to have come to a standstill, the banks no longer lend money for possible mortgages, not even for people who want to redeem …

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