Marketplace AM for March 22, 2006
Delphi said this morning that General Motors has agreed to buy out thousands of Delphi's hourly workers. Some will be offered a lump payment of $35,000 to retire. Up to 5,000 workers will be offered jobs at GM.
Posted In: Investing
Stock-holders will no longer be able to bring class action lawsuits against companies in state courts. A unanimous Supreme Court closed the state-court door on groups of investors who feel companies deceived them into holding onto shares of stock too long. John Dimsdale reports.
Tonight, members of the Screen Actors Guild meet in New York to talk about a possible strike against television producers. The two sides are battling over how actors are paid for reruns of cable shows. Tess Vigeland reports.
Microsoft plans to delay sales of its new Windows Vista operating system until next year. The decision will have a big impact on retailers and other companies banking on holiday sales. Dan Grech reports.
China appears to be getting more serious about the environment. Next month, the government will impose a 20% tax on gas-guzzling cars. There'll even be a charge on disposable chopsticks. Jocelyn Ford reports.
Apple is getting into a melee with France. It says a proposed law concerning iPod music downloads smacks of state-sponsored piracy. Stephen Beard reports.
In Europe, the Swedish furniture stores have become a destination. Some have restaurants inside, and the eateries have taken on a life of their own. Kyle James reports from Berlin.
Travel expert Rudy Maxa says luxury hotels are trying desperately to express their individuality and build customer loyalty.