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Cohn: How Canada let Caterpillar strip a plant clean

Insurance News — Sun, 05 Feb 2012 00:40:14 +0000

The labour dispute at a London locomotive factory was nasty, brutish and short - a depressingly Hobbesian scenario in which brute strength prevailed over civilized rules of conduct.

Caterpillar to Close Canadian Locomotive Plant Due to Costs

Insurance News — Sat, 04 Feb 2012 20:20:25 +0000

Caterpillar Inc., the largest construction and mining-equipment maker, plans to close a Canadian locomotive plant that employs about 800 people after failing to reach an agreement with locked-out union members.

Fed Said to Seek Offers for More AIG-Linked Mortgage Bonds

Insurance News — Sat, 04 Feb 2012 16:15:59 +0000

The Federal Reserve Bank of New York is seeking offers for more of the mortgage bonds assumed in the government rescue of American International Group Inc.

United Way hosting Pre-Super Bow…

Insurance News — Sat, 04 Feb 2012 12:01:23 +0000

The Weirton United Way is hosting a pre-Super Bowl party at the Knights of Columbus on Saturday.

S&P 500 Extends Best Start to Year Since 1987 Amid Jobs Data

Insurance News — Sat, 04 Feb 2012 07:56:45 +0000

U.S. stocks advanced, extending the best start to a year for the Standard & Poor's 500 Index since 1987, after a report showed that employment growth topped estimates and the jobless rate unexpectedly fell to 8.3 percent.

Alpha Natural Resources to reduce coal production

Insurance News — Sat, 04 Feb 2012 03:47:15 +0000

Coal company Alpha Natural Resources says that production will be reduced at some of its operations in central Appalachia due to decreased demand.

Industrial heartland faces tough slog as locomotive plant closure hits

Insurance News — Fri, 03 Feb 2012 23:37:39 +0000

The closure of a locomotive plant in London, Ont., by U.S. heavy equipment maker Caterpillar comes as the latest blow to Canada's struggling manufacturing sector.

Caterpillar shuts Electro-Motive plant in London, Ont., where workers locked out

Insurance News — Fri, 03 Feb 2012 19:33:03 +0000

In this March 19, 2008 photo, Prime Minister Stephen Harper waves from the cabin of an train engine at Electro-Motive in London, Ont.

Irish pension funds increased 3.7% in January following a 2.4% drop in 2011

Insurance News — Fri, 03 Feb 2012 15:18:40 +0000

Aon Hewitt Ireland, a unit of Aon Corporation of the US, says Irish pension funds increased 3.7% in January following a 2.4% drop in 2011.

ThyssenKrupp coming to Chicago with 100 jobs as American cuts

Insurance News — Fri, 03 Feb 2012 11:03:54 +0000

Acknowledging that he's "worried" about the potential loss of hundreds of American Airlines' jobs tied to a restructuring, Mayor Rahm Emanuel on Thursday basked in a smaller but still important victory on the jobs front.