Industrials

Labor unions and employers in Norway have successfully negotiated a 5.2% wage increase.

Despite a slight dip in average interest rates for 30-year fixed-rate mortgages, weekly mortgage demand remains stagnant, with fewer applicants seeking loans for refinancing or home purchases...

UPS will manage the majority of air cargo transportation for USPS. The contract between the two entities is set for a minimum of five and a half years...

United Airlines requests pilots' unpaid leave due to Boeing delivery delays, impacting aircraft deliveries and forecasted block hours for 2024...

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Canada Goose slashes 17% of global corporate staff, impacting 915 employees amidst declining luxury demand. CEO cites the need for optimization amid industry shifts.

After President Joe Biden voiced opposition to the $14.1 billion plan of Japan's Nippon Steel to acquire US Steel, the Japanese firm said it is committed to pursuing the buyout deal.

Oil prices remained relatively stable on Thursday, with Brent crude futures settling unchanged at $82.96 per barrel.

Saudi Arabia, Russia, and some other key members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) have decided to prolong their voluntary crude supply cuts until June.

Ford Motor CEO Jim Farley told investors on Thursday to forget about Tesla and touted the company's "Pro" fleet business as the future of the automotive industry.

President Joe Biden has retained the tariffs on imports from China that were imposed during the administration of former President Donald Trump.

LG Chem has entered into an agreement with General Motors (GM), which includes a plan to build a massive battery cathode factory in Tennessee.

The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.

Taiwan Semiconductor Manufacturing Co. (TSMC) has announced its plan to establish a second manufacturing plant in Japan, with support from tech giant Sony and carmaker Toyota.

Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.

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Industrials

Norway Labor Unions Successfully Negotiated a 5.2% Wage Increase, Avoiding Major Strike

House Purchase Applications Continue To Dip As Mortgage Rates Remain High

UPS Lands Primary Air Cargo Deal with USPS as FedEx Ends 20-Year Partnership

United Airlines Urges Pilots to Take Unpaid Leave Amid Boeing's Production Woes Affecting Aircraft Deliveries

Union Strike at Molson Coors Escalates as Negotiations Collapse Over 5 Cents Pay Increase Offer

Baltimore Bridge Ship Crash Shuts Down Port, Disrupts Shipments: Will Consumer Goods Prices Surge?

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