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Mexico expects first results in Volkswagen probe in three months
October 10, 2015 MONEY (MSM)

Mexico expects first results in Volkswagen probe in three months

Mexico expects preliminary findings from a probe into Volkswagen’s compliance with emissions standards within three months, the environment minister said on Friday, adding the review will include gasoline-fueled cars as well as diesel. Mexico announced last month it was investigating whether Volkswagen cars complied with emissions rules in Latin America’s second economy, after Europe’s largest carmaker admitted to cheating in U.S. diesel emissions tests. “I expect we can begin to

UAW leaders send Fiat Chrysler pact to workers for vote
October 10, 2015 MONEY (MSM)

UAW leaders send Fiat Chrysler pact to workers for vote

U.S. union United Auto Workers’ leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N), sending the proposed agreement to 40,000 workers for a ratification vote. The new deal, if ratified, would reshape the way in which UAW workers at Fiat Chrysler are paid, gradually eliminating a contentious two-tier pay structure. UAW President Dennis Williams admitted he made some false steps that helped lead to

Twitter plans layoffs next week: Re/code
October 10, 2015 MONEY (MSM)

Twitter plans layoffs next week: Re/code

The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter’s staff will be laid off, but it is likely it will affect most departments, Re/code said, citing company insiders. Twitter shares fell 3.1 percent to $29.90 in extended trading on Friday.