Reuters Insider - U.S. Morning Call: Verizon cuts deal to end strike

TOR Minerals International

31/05/2016 14:17

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        Verizon Communications has agreed a tentative deal 
                     with the leaders of striking unions to end a      
                     strike that has lasted almost seven weeks. Great  
                     Plains Energy is set to buy Westar Energy.        
 
 
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Transcript (May be auto-generated)

                 Good morning keep an eye on for rising communications. The company and leaders 
of striking unions have struck a tentative deal to end a walk out that's lasted 
nearly seven weeks. The Communications Workers of America said Verizon has 
agreed to pay raises topping 10% over four years. Verizon also said it will add 
14100 new jobs and council proposed cutbacks to pensions as well as disability 
an accident benefits. Nearly 40000. Verizon workers at its bios Internet 
telephone. And TV divisions walked off the job in April. Many workers have been 
without a contract since August of last year. And their health care coverage ran
out at the end of April the CWA says striking workers will be back on the job 
Wednesday. Keep an eye on US traded shares of Volkswagen this morning the 
embattled German carmaker reported a 20% drop in first quarter profits. That's 
as Europe's biggest carmaker continue to deal with the fallout from the diesel 
emissions scandal. Sales at Volkswagen took a beating too. Let mainly by big 
declines in demand from Russia and Brazil to that they are troubled economies. 
Volkswagen admitted last year in install software into some of its vehicles to 
cheek emissions tests. Over in Europe Volkswagen is the biggest decliner on the 
Stoxx 600. We're seeing some MMA action this Tuesday. Great Plains Energy is set
to buy rival west star energy for eight point six billion dollars in cash and 
stock. 

This will help the parent company of Kansas City power and light to scale up in 
a highly competitive market. Jazz pharmaceuticals will buy sell or tore and it's
one and a half billion dollar deal. The move gives jazz access to a leukemia 
drug that's salad Tor is developing. Let's take a look at how Wall Street might 
open on the final trading day of may hate the Dow Jones. Futures S&P and NASDAQ 
all pointing to a higher open in the US. Investors awaiting clues on the 
strength of the economy and the possibility of another rate hike in the coming 
months. And that's today's morning call don't forget you can follow us on 
Twitter at Reuters Insider and watch more videos at Reuters dot com. I'm Sasha 
salon and this is Reuters