Friday, November 14, 2008

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Vought signs union deal

Vought Aircraft Industries Inc. has signed a three-year contract with its union employees in North Charleston, but a statement it issued Thursday elevated tensions between the company and the labor group that represents those workers. The Dallas-based maker of fuselage sections for the Boeing 787 jet expressed surprise that the International Association of Machinists and Aerospace Workers held an emergency meeting last Friday to ratify a labor agreement that contained "substantially" the same terms that the company offered when talks began a year ago.

Beddoes to share wisdom

During the past few years, Zanny Minton Beddoes of The Economist magazine has given speeches that questioned extravagant consumer spending and the country's growing debt to foreign investors â€" often to the distaste of her bullish audiences. But today, when she speaks in front of several hundred Charleston business leaders, Beddoes expects a little more empathy.

Clean Air Coalition forming

Representatives from local neighborhoods facing the most air pollution, along with medical professionals and environmental advocates, will come together as a single Clean Air Coalition next month. Myra Reece, chief of the state Department of Health and Environmental Control's Bureau of Air Quality announced the group's formation Thursday at the Charleston Metro Chamber of Commerce.

Stocks rally; Dow up 553

NEW YORK â€" Investors did an abrupt turnaround on Wall Street Thursday, muscling the Dow Jones industrial average up more than 550 points after driving it down near its lows for the year on a stream of negative economic and corporate news.

Wal-Mart's profits, sales still climbing

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