- After posting a solid rally earlier in the session, stocks have faded. The Dow had been up more than 100
points. - The Institute for Supply Management manufacturing index came in at 55.7 last month, marking a third straight month of growth. In addition, the group's employment reading showed expansion for the first time in over a year.
- Ford shares are up more than 7 percent at midday. The automaker has reported a profit of nearly a $1 billion and looks to be "solidly profitable" in 2011.
- Workers at U.S. airlines and railroads would have an easier time forming unions if the National Mediation Board succeeds in changing a 75-year-old rule on union organizing. A rule proposed today would recognize a union if a majority of voting workers favor organizing.
- Southwest Airlines pilots have approved a new five-year labor contract that the union president said has smaller pay raises than his members wanted. Their union says the contract includes pay raises, increases in retirement contributions and more job protection.
11/02/2009 1:05 PM
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