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The six-week strike at General Motors will end up costing the automaker about .9 billion, the company said Tuesday.GM says worker strike cost company billionAlthough GM was unable to build any cars at American factories during the strike, it had built up an inventory of vehicles ahead of the walkout to give its dealers the supply of cars and trucks they needed to keep selling during the strike.But GM still lost money because factories in the United States, as well as some in Canada and Mexico, were idled during the walkout. The strike directly affected 31 GM factories and 21 other facilities, spread across nine states, mostly in the center of the country.The strike's cost in the final two weeks of the third quarter came to just under 0 million. GM will account for the rest of the loss this quarter, but it estimates the total loss will come to about per share, the company said Tuesday.GM was able to post a .3 billion profit in the third quarter, despite the strike and a 8 million drop in sales. The revenue from North American vehicle sales actually increased 1 million in the period as US sales rose 6%. International sales, which ironically had little impact from the strike, took a hit. The market for new car sales in China, GM's largest market, has slowed considerably in the last year, cutting GM's sales there by 16%.The results were not as bad as investors had expected, and shares of GM rose 1.5% in premarket trading following the report.GM insisted the four-year deal reached with the United Auto Workers union is a good one."Our new labor agreement maintains our competitiveness, preserves our operating flexibility and allows us to continue improving our quality and productivity," said CEO Mary Barra.The 1764
Top executives from more than 180 companies have a message for lawmakers: Restricting abortion is "bad for business."A letter endorsed by the business leaders appeared as a full-page ad in Monday's New York Times, declaring "it's time for companies to stand up for reproductive health care."They argue that limiting access to comprehensive care, "including abortion," threatens "the health, independence, and economic stability of our employees and customers." The letter says strict abortion laws are "against our values" and impede corporate efforts to build diverse workforces.Among the list of the ad's endorsers are chief executives from Yelp, Slack, Tinder, H&M, and food delivery app Postmates. Jack Dorsey, CEO of Twitter, was also on the list, though he signed on behalf of the other company he runs, digital payment firm Square. The group included fashion designer Eileen Fisher.Businesses have shown a growing willingness to take stands on issues like LGBTQ rights, immigration and gun control — but they've remained mostly silent on abortion policy through years of debate.That changed for some companies this year after Alabama lawmakers approved a near-total ban on abortion, and as "heartbeat" laws, which prohibit abortions when a fetal heartbeat is detected or as early as six weeks into a pregnancy, gained new traction in several states. They include Georgia, Mississippi, Kentucky and Louisiana.Three of the world's biggest entertainment companies — Netflix, Disney and WarnerMedia — said last month that they may stop producing movies and TV shows in Georgia if the state's "heartbeat" law takes effect. (WarnerMedia, a unit of AT&T, is the parent company of CNN.)The executives behind the letter were brought together by a coalition that includes the ACLU, Planned Parenthood and the advocacy group NARAL Pro-Choice America.Ilyse Hogue, NARAL's president, said in a statement that the organization applauds the executives for "taking a stand on behalf of their employees, customers, and communities.""We encourage the entire business community to join us in protecting access to reproductive health care in the critical months and years to come," she added.The coalition is calling the campaign "Don't Ban Equality" and it launched a 2277
T-Mobile's mega-merger with Sprint can move forward, the Justice Department said Friday, paving the way for an unprecedented combination of America's third- and fourth-largest wireless providers.The DOJ's blessing marks a critical breakthrough for T-Mobile and Sprint as they seek to join forces against Verizon and AT&T, which owns CNN. The smaller carriers argue they must merge in order to compete more effectively, especially as the industry moves toward 475
The Tennessee National Guard just laid down their shields upon being requested to do so by peaceful protesters at the Tennessee State Capitol. Life and justice win. This is my Tennessee! pic.twitter.com/aeoroFxWG4— Jason Powell (@JasonLPowell) June 2, 2020 269
Thinking of @BernieSanders today and wishing him a speedy recovery. If there's one thing I know about him, he's a fighter and I look forward to seeing him on the campaign trail soon.— Kamala Harris (@KamalaHarris) October 2, 2019 241
来源：资阳报