Fiat Chrysler has been facing immense resistance from its workers over its proposed labor contract. The company’s inability to deal with the previous wage increasing promises has left the workers in doubt.
The members of the United Auto Workers Union started voting on the new proposal last week. Now, most of the units have decided to refuse the proposal.
A huge challenge to retain profits appears racing towards Uber, the mega cab service, as about $ 7 billion investment has been reported in some of its rival operators in markets across Asia, US and region.
A set of investors have funneled money in Ola cabs in India, a Bangalore-based startup; Didi Kuaidi, a Beijing-based company; and GrabTaxi, a Kuala Lumpur company.
The Federal Reserve has kept everyone, including investors, guessing when it will start raising interest rates. And some people in Congress have been threatening a return to their reckless ways by forcing a government shutdown. But, a recent announcement by House Speaker John Boehner on Friday has lowered the chances of a shutdown.