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DETROIT The United Auto Workers union and General Motors have reached a tentative agreement on a new four year contract, avoiding a strike for now. plants. Details of the proposed contract weren't immediately available. The UAW said local union leaders will meet Wednesday in Detroit to vote on the agreement. hourly workers will vote on it.
OTTAWA The Bank of Canada says deputy governor Agathe Ct will retire at the end of January. Ct is responsible for overseeing the central bank's analysis of domestic economic developments. She joined the Bank of Canada in 1982 as an economist in its international department. During her career, she served as deputy chief of monetary and financial analysis as well as financial markets and as chief of the research department. Ct also served as secretary to the governing council for monetary policy and adviser to the governor before being appointed a deputy governor in July 2010. A process to appoint a new deputy governor is expected to start before the end of this year.
NEW YORK Tire and auto service company Bridgestone Corp. is buying auto parts and repair company Pep Boys in for $835 million in a deal that will help Bridgestone gain a more dominant position. The deal is expected to close in the beginning of 2016 and will add 800 locations to Bridgestone's nationwide network of 2,200 tire and automotive service centres. It comes months after Pep Boys' CEO resigned as the speculation built over whether the company was considering a sale. Tokyo based Bridgestone Corp. said the move will help accelerate its global growth strategy. diesel emissions tests. The move to take on Thomas Sedran, announced Monday, follows the automaker's decision to hire Christine Hohmann Dennhardt, a former judge who oversaw legal compliance at competitor Daimler AG in the wake of a bribery scandal there. Sedran, a former managing director for turnaround firm Alix Partners, joined General Motors' Opel division as head of strategy and operations in 2012.
TORONTO Hudson's Bay Co. is bringing a new discount fast fashion option to the United States. The offshoot of its Lord Taylor department store chain will stock name brands at prices that will be reduced by as much as 70 per cent. Hudson's Bay Co.
Bank of Canada deputy governor to retire
DETROIT A Nissan recall for possible fuel leaks in crashes has been expanded to include nearly 59,000 Altima and Maxima sedans worldwide. The recall now covers certain 2013 to 2016 Altima mid size cars and some 2016 Maxima large Women Canada Goose Thompson Jacket Berry Outlet Ireland cars. All have V6 engines. safety regulators that in a crash, fuel could leak from a seal between the gas tank and the fuel sending unit. That could cause a fire. Dealers will install a retainer ring to help maintain a proper seal. The recall should begin within the next two months.