Fiat Chrysler to invest up to $1.5 billion to build EVs at Canadian plant

Fiat Chrysler Automobiles NV will invest between $1.35 billion and $1.5 billion in its Windsor assembly plant in Canada to build electric vehicles as part of a tentative deal with Canadian autoworkers, Unifor National President Jerry Dias said on Thursday. The auto union said FCA would invest in a state-of-the-art vehicle platform that will enable […]

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Morgan Stanley launches Black recruitment program to boost trading unit’s diversity

Morgan Stanley is piloting a program to recruit Black talent in its sales and trading division, executives told Reuters, in corporate America’s latest initiative to improve diversity after nationwide protests against racial inequality. The Morgan Stanley Experienced Professional Program within its Fixed Income & Business Resource Management Divisions is seeking Black professionals with at least […]

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Persistently high U.S. weekly jobless claims point to labor market scarring

WASHINGTON – The number of Americans filing new claims for jobless benefits rose to a two-month high last week, stoking fears the COVID-19 pandemic was inflicting lasting damage to the labor market. The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy’s health, also showed at least […]

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Shareholder revolt over rights issue at Unibail-Rodamco-Westfield lifts shares

French billionaire Xavier Niel has teamed up with Unibail-Rodamco-Westfield’s URW.AS former boss to oppose the shopping mall group’s planned 3.5 billion euro ($4.10 billion) rights issue, lifting the shares on Thursday. Unibail-Rodamco-Westfield, Europe’s biggest property owner, hit back saying its board of directors strongly disagreed with the proposals from the Niel-led consortium. Niel, founder of […]

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