Inside these posts: Contract

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Caterpillar, UAW reach tentative agreement

From the Rockford Register-Star | United Auto Workers representatives said the union has reached a tentative labor agreement with Caterpillar Inc., averting a possible walkout. The UAW says the new, six-year tentative agreement was reached Monday night and will be presented for a ratification vote next weekend.

The agreement would cover some 9,500 hourly production and maintenance workers in Peoria, Aurora, Decatur and Pontiac in Illinois as well as in York, Pa.; Denver; and Memphis, Tenn. | Get the full story>>

Navistar, UAW reach tentative contract deal

Commercial truck maker Navistar International Corp. and the United Auto Workers Union have reached a tentative agreement on a four-year contract, the company said.

No details of the deal reached late Saturday were released by the company or the union. The agreement is subject to a ratification vote by union members at six Navistar sites. A majority of the members voting on the tentative contract must approve it for the deal to become binding. Get the full story »

CME to start trading new rainfall contracts Nov. 1

CME Group Inc. said on Thursday it would launch a new set of rainfall futures and options contracts for traders looking to hedge risk in the agricultural commodities markets.

The new contracts, which will be based on the amount of rainfall in cities such as Chicago, Des Moines, Iowa, New York and the Dallas-Fort Worth area, will start trading on Nov. 1, CME Group said in a statement. Get the full story »

New contract no job guarantee at Harley

Harley-Davidson Inc. could eliminate hundreds of jobs at its engine factory in Menomonee Falls, Wis., even if union workers ratify a seven-year labor agreement meant to keep the work in the Milwaukee area.

The company anticipates cutting 200 positions by the end of 2012, according to the proposed contract with United Steelworkers of America Local 2-209. That’s in addition to hundreds of jobs the company has eliminated in the Milwaukee area in the last two years. Get the full story »

Boeing wins $8.5M Navy contract

The Boeing Co. has won an $8.5 million order for engineering work to put virtual training systems into aircraft. Get the full story »